The challenge before India is to make the process of development inclusive so that the gap between the rich and the poor decreases, says Sandeep Pandey.
There could be multiple measures announced in quick succession, not only by the finance minister but also other ministers regarding their respective sectors, and by the Reserve Bank of India. The total size of these announcements could rival that of other G-20 nations as a percentage of GDP.
There is a lack of connect between the Congress president and Prime Minister Manmohan Singh in UPA-2. But Sonia Gandhi has ensured that the government does not waver from her pet policies -- NREGA, RTI etc, notes Neerja Chowdhury.
For one, growth was not primed by government cash transfers like salary hikes and NREGA payments alone. Gross fixed capital formation (investment in lay terms) picked up sharply in this period compared to the previous quarter.
Former prime minister Rajiv Gandhi had said that well-meaning programmes meant for the poor did not reach them: the same is true of the NREGA, says Surjit Bhalla.
The Union Budget for 2009-10 will reflect UPA government's ambitious agenda like Rs 3 kg rice or wheat for BPL families, enlarging NREGA coverage and more focus on infrastructure to bring the economy on high growth.
It was supposed to be a panacea against corruption, leakage and a magic wand for financial inclusion. But everywhere you look are people who enrolled, only to fall through the cracks again.
The provision for additional Rs 10,500 crore (Rs 105 billion) was made in the first batch of supplementary demands for grant, which was approved by the Lok Sabha on Tuesday. The amount has been provided, "to meet the additional requirement of the National Rural Employment Guarantee scheme," stated the supplementary demand for grants.
It is now a different time in Bihar. It is a different place -- one in which Raghuvansh Prasad Singh's options are very limited, notes Aditi Phadnis.
MGNREGA scheme: A significant Rs 17,370.58 crore has been carried forward over to the next financial year as unpaid dues as demand for work continued unabated for the scheme in rural areas.
Mobile banking will soon reach Indian villagers as state govts tie up with banks, telecom companies to provide this facility to them.
The 19th Congress of the CPI-M in Coimbatore on Wednesday discussed the uneven growth of the party in the country. It demanded scrapping the Article 355, 356.
Higher inflation might just be the necessary cost that we need to bear in making a transition to a higher growth trajectory.
At a pre-Budget meeting, the FM was asked to ensure that NBFCs come out of the liquidity crisis they are facing with the help of RBI. They also spoke about the futility of trying to achieve a 3 per cent fiscal deficit target over the medium term.
President Pranab Mukherjee has convened a three-day Governors conference from February 12 to articulate the stability of the Union Government, anticipating a hung Parliament in May 2014.
Tearing into the claims of the United Progressive Alliance about its flagship employment generation programme MNREGA, BJP's prime ministerial candidate Narendra Modi on Tuesday alleged it had only "filled the pockets of Congress" and sought to debunk the much-touted RTI.
And, in turn, help 1,000 artisans earn Rs 5,000 at a time when they are struggling to cope with financial hardships during the COVID-19 pandemic.
'The Chinese have been moving in step by step; inch by inch for the last 40 years.'
'When you forgive a farmer's loans there is this ideological economists lobby which says: 'That's socialism. And that's bad'.' 'But to forgive the loans of big people, so that they will be interested to invest further is capitalism and is good.'
The economy could grow at 6-6.5 per cent this fiscal year (2019-20 or FY20), said Chief Economic Advisor Krishnamurthy Subramanian, revising his earlier estimate of 7 per cent in the Economic Survey. In an interaction with Arup Roychoudhury, he said supply-side measures, including corporation tax cuts, will boost consumption and demand, and non-tax revenue may make up for shortfall in tax revenues.
India Inc on said the Seventh Pay Commission set up today for central government employees is likely to lead to additional burden on the exchequer and increase inflation by pushing demand.
Amid the bitter war of words between the Congress and the Bharatiya Janata Party, Rahul Gandhi on Monday accused Narendra Modi of being discourteous to his opponents, adopting double standards on corruption and favouring select industrialists.
'Unless we change and we see a change in the direction we are taking, times can only get worse.'
Talks on with P&G, HUL, Patanjali, among others to push their products via 250,000 common centres
It raises three major questions - the incentive compatibility issue, the fairness issue and fiscal challenge, said Panagariya.
'Go to any village, you'll find a Dalit 15 years and above wearing jeans.' 'Earlier, Dalits were not allowed to wear a dhoti till the ankles. Jeans does not have this kind of restrictions or design. It is universal. So Dalits have also entered a caste neutral clothing zone.' 'Wherever you see Dr Ambedkar's statue in this country or abroad, he is always wearing a suit and with that English comes naturally. The Dalits' veneration of Western dress is very intense,' Dalit thinker Chandrabhan Prasad tells Archana Masih/Rediff.com
Member of Parliament Rajeev Chandrasekhar feels that the economy today is bankrupt due to big spending towards social welfare programmes such as NREGA.
'The stimulus packages, sector reliefs, loans etc are coming to industry, but state governments have not got any money from GST, no money from excise, no money from any income source.'
'Completely disregarding ground reports of starvation deaths owing to Aadhaar and potentially disguising these deaths to look like accidents appears brutal,' says Rajendran Narayanan.
Nitin Gadkari has seven portfolios, but does not seem weighed down at all by the many things on his plate. The minister is brimming with ideas...
Rahul Gandhi on Thursday joined his sister Priyanka Gandhi in attacking Narendra Modi over snoopgate controversy, saying the Gujarat government has no regard for women as it gets their phones tapped.
The income inequality gap was found to be highest in South Africa and lowest in Denmark.
A nexus between the panchayat president and the block development officer has led to the failure of Mahatma Gandhi Rural Employment Guarantee Act scheme in many villages, says A Ganesh Nadar/Rediff.com
Modi also pitched for a social movement to ensure the safety of women and girls.
'Sonia's term as Congress president -- which was 20 years -- was the longest in the party's history.' 'It will also go down as the period in which the Congress transformed in the way Indians viewed it,' says Aakar Patel.
The finance minister may stagger some of the recommendations.
Banerjee urged President Pranab Mukherjee to "save" the people of the country from the hardship caused by demonetisation and the resultant cash crisis
The government on Tuesday night announced that Rs 500 and Rs 1,000 will be no longer legal tender after November 8, midnight. Here are the details you need know
'For now, the AAP is the conversation,' Lord Meghnad Desai tells Rediff.com's Sanchari Bhattacharya. 'Everyone is talking about the 'Delhi model'. They have made so much difference. They have changed politics.'
Prime Minister Manmohan Singh on Sunday lashed out at BJP's prime ministerial candidate Narendra Modi, accusing him of resorting to falsehoods to target rivals, saying he is twisting facts for political gains.
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