Daily Archives: February 7, 2019

130 million tonne food target for Fourth Plan

The Planning Commission has accepted a food production target of 130 to 132 million tonnes by the end of the Fourth Plan. This target has been projected on the basis of a 100-million tonne potential this year. The production targets suggested for the major cash crops along with their estimated …

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Pension for informal sector workers

The government has allocated only Rs. 500 crore for the scheme What is the scheme? A major announcement in the Interim Budget 2019-20 was the creation of the Pradhan Mantri Shram Yogi Mandhan, a pension scheme for informal workers. Under this scheme, subscribers will receive an assured monthly pension of …

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Checks and balance

Seeking a count of 50% of VVPAT slips is too much; the focus should be on ending glitches In a significant and welcome change from their earlier demand for a return to paper ballots, representatives of a large section of the mainstream Opposition parties met the Election Commission (ECI) to …

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Tough-talking

The Taliban reconciliation process is moving at a faster pace than was anticipated. Talks facilitated by Russia in Moscow this week, with mainstream Afghan politicians sitting around the table with Taliban leaders, are similar in their approach to the recent U.S.-Taliban talks in Qatar, though the two are rival processes. …

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At the cost of quality

On January 30, a little more than four years after the last hike, the Ministry of Science and Technology increased the fellowship stipend for PhD students by nearly 25%. The government says the hike will be reviewed periodically. Since the increase is far less than the 80% hike that research …

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Trump and his generals

Not even U.S. President Donald Trump’s worst enemies would deny that he has fulfilled many election campaign foreign policy promises, including opting out of international agreements on climate change, the Iran nuclear accord and the Trans-Pacific Partnership, the relocation of the U.S. embassy to Jerusalem, and pressurising allies to pay …

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Ayodhya and the challenge to equality

In elections to three State Assemblies of Madhya Pradesh, Rajasthan and Chhattisgarh late last year, candidates of the Muslim faith won 11 of the 520 seats in play. That would seem a modest tally, by no means evidence of disproportionate political influence. The myth of a pampered minority, though, refuses …

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We need a leap in healthcare spending

The Central and State governments have introduced several innovations in the healthcare sector in recent times, in line with India’s relentless pursuit of reforms. However, while the government’s goal is to increase public health spending to 2.5% of GDP, health spending is only 1.15-1.5% of GDP. To reach its target, …

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Strong export growth boosts Wheels India net

Leading steel wheels manufacturer Wheels India Ltd. has posted an 18.28% rise in net profit for the third quarter ended December 2018 to Rs. 15.27 crore compared to Rs. 12.91 crore registered in the corresponding year-earlier period. Revenues rose 32.77% to Rs. 786 crore, from Rs. 592 crore. “There was …

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Cabinet approves unified regulator for IFSCs

The Cabinet has approved the setting up of a unified authority that would regulate all the financial services in International Financial Services Centres (IFSC), such as the Gujarat International Finance Tec-City (GIFT) in Gandhinagar. This is to be done through the International Financial Services Centres Authority Bill, 2019. An IFSC …

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‘Members’ fiduciary responsibility with RBI’

The fiduciary responsibility of the RBI’s board members lies with the central bank, its Governor Shaktikanta Das is learnt to have said. Mr. Das, who took charge in December, had made the remark while interacting with other board members during the farewell of his predecessor Urjit Patel in a South …

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Hiking MSPs distorts agri market: official

A senior Finance Ministry official has slammed a key plank of the government’s agriculture policy, saying that raising minimum support prices (MSP) for major crops causes distortions in the agriculture market. This leads to a vicious cycle of oversupply of such crops and a crash in market prices, said the …

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Centre bans Kashmir outfit

The Union Home Ministry has banned the Tehreek-ul-Mujahideen (TuM) under the Unlawful Activities (Prevention) Act for promoting terrorism and radicalising and recruiting youth for terrorist activities in India. Set up in the 1990s, TuM claims to be fighting for the “liberation of Kashmir,” the Ministry said in a notification announcing …

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Rajya Sabha rises in just 11 minutes

Protests by Opposition parties on issues such as the National Register for Citizens and a cut in faculty positions for SC/ST and OBC candidates ensured that the Rajya Sabha functioned only for a total 11 minutes on Wednesday. Soon after official papers were tabled in the morning, Rajya Sabha Chairman …

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