In his general budget for 2011-12, finance minister Pranab Mukherjee has announced an increase in allocation for the Mahatama Gandhi National Rural Employment Guarantee Act (NREGA) of Rs10,000 crore to Rs58,000 crore.The finance minister has proposed an identical hike for the Bharat Nirman scheme, and also proposed to give Rs3000 core to the national agricultural development board, NABARD.Mukherjee also said the government has decided to index the wage rates notified...
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We have an employability problem by Milind Deora
Three ostensibly disparate recent events have left me pondering about a lurking common thread among them: the Egypt uprising, PM’s appointment of a Cabinet-rank advisor for skills development and the fifth anniversary of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). What could be common among unrest in the Arab world, a seemingly inconspicuous government appointment and a fifth anniversary of a social welfare programme? The answer is youth,...
More »Union Budget 2011 to bring in food bill for poor
India's finance minister announced on Monday a food security bill for 2011/12, a measure that would provide cheap grains for millions of India's poor but which has sparked worries of a huge fiscal cost. It was one of the first signs of populism in the annual budget as Prime Minister Manmohan Singh confronted high prices and corruption scandals as well as elections in five states this year. In his ongoing budget speech,...
More »Budget 2011: Pranab focuses on social sector
Union Finance Minister Pranab Mukherjee presented Budget 2011-12 in Parliament on Monday promising to stimulate growth and bring down inflation. Admitting that food inflation remains a matter of concern, Pranab said that the economy could have performed better. He said that the development needs to be more inclusive while announcing increased outlay on social sector schemes. "Total food inflation is down from 20.2 per cent last year to 9.3 per cent...
More »Anti-corruption crusader demands law on lines of Jan Lokpal Bill
Demanding enactment of a strong anti-corruption law on the lines of Jan Lokpal Bill, social crusader Anna Hazare on Saturday threatened to go on an indefinite fast unto death at Jantar Mantar here from April 5 if the Prime Minister does not act decisively on his suggestion by March-end. “None from civil society consulted” Addressing a press conference here, Anna wondered how the government could pass the anti-corruption Bill without consulting anyone...
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