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Rajya Sabha: Bill to regulate foreign contribution to non-profits passed
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Published on :
Friday, August 20, 2010 |
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The bill to regulate foreign money received by religious and nongovernmental organisation got clearance when when Rajya Sabha passed Foreign Contribution (Regulation) Bill, 2006, on Thursday.The bill prohibits certain categories of individuals and organisations from accepting foreign funds and hospitality without prior government permission, reports Daily News And Analysis. |
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Cabinet approve hike in MP's salary three fold, increase in perks and pension
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Published on :
Friday, August 20, 2010 |
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The Cabinet approved a three fold hike of the salaries of MP's. The basic salary of the MPs will be hiked from Rs 16,000 to Rs 50,000 per month. The salary hike is lower than the figure of 80,001, which was recommended by the parliamentary committee, reports Yahoo News India. |
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Parliamentary debate on price rise: The colour of money
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Published on :
Monday, August 09, 2010 |
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The negotiation of discussion on the price rise has stalled the parliament for a week. There were debates on the issue in the recent past too. The MP's don't subscribe to the view of Milton Friedman that inflation is always and everywhere a monetary phenomenon.Subsidy cuts, public distribution, hoarders and black-marketeers were blamed for the price rise, when monetary policy wasn't, writes M R Madhavan in The Indian Express. |
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Cost of 268 projects overshoots Rs 50000 cr due to delays
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Published on :
Monday, August 09, 2010 |
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The cost of 268 of 578 projects overruns to the tune of Rs 50,295 crore, the Government admitted. The details of the timeframe for implementation weren't disclosed. The reasons for cost include delay in procurement of equipment, law and order problems, inadequate infrastructure and rise in input cost, reports Business Standard. |
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Parliament impasse ends, Lok Sabha to discuss, without voting, price rise
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Published on :
Tuesday, August 03, 2010 |
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The parliament will discuss price rise under rule 342.BJP opposed a debate not followed by voting. “If the government is still unrelenting, we’ll rather forego any discussion on price rise,” they added. Both sides claimed victory, reports The Economic Times. |
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India has more rich people than poor now
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Published on :
Sunday, August 01, 2010 |
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The number of high-income households in India exceeded the number of low-income households for the first time ever. The estimate was done by National Council of applied research (NCAER). This has happened despite the economic depression.India's savings rate is the highest in the world, reports The Times of India. |
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Berlin Wall: Collapse of communism in '89 – Lesson for capitalism in '09
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Published on :
Monday, November 09, 2009 |
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Communism was characterized by its contempt for private property, by the complete control of the state over the economy, and consequently, by its disregard for price as a signal of scarcity and guide for investment. Over the past two years, the foundation of global finance has been shaken, not because of any Marxian foresight, but because of the failure on the part of the capitalist world to appreciate the relationship between property ownership and valuation of that property, writes Barun Mitra |
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Rich MPs, poor people
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Published on :
Monday, March 30, 2009 |
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Another election season is upon us. It’s a good idea to focus on more basic questions: Do political representatives make any difference, to the state they’re from, or to the castes they represent; how representative are our MLAs/MPs; does only money-power matter? Do representatives from poorer states tend to be relatively wealthier in comparison to their population, than those from richer states? Does being rich ensure electoral success or is it tied to the performance of the party? Using data from Empowering India initiative, Sunil Jain seeks some answers in his column in Business Standard |
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