What Is India News Service
Thursday, November 08, 2007



The Government has set up several committees with a view to pursue economic reforms that enable higher economic growth and generate more employment, while making the Indian economy more globally competitive. The Government has also taken several steps to revitalize the public sector and increase public investment. Two important institutional innovations have been the creation of the National Committee on Infrastructure, chaired by the Prime Minister, and the Investment Commission, chaired by Shri Ratan Tata. 

The economy is expected to grow at close to 7 per cent. To step up the rate of growth further, requires more investment in infrastructure and in agriculture and an improvement in government finances.

High-energy costs continue to exert pressure on the price front.  While work on the national highways project has been speeded up, port and rail modernization has acquired a much higher profile recently.  Public and private investment in both areas has been stepped up sharply.  A financial 
Special Purpose Vehicle has been created to channelize funds for investment in the infrastructure sector.



THIS is the second year of the four-year fiscal correction path adopted by the Maharashtra State Legislature with the enactment of the Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005 (MFRBM Act). (Out Of The Woods, Frontline, Oommen A. Ninan , Nov 08, 2007)

A REPORT by the Asian Development Bank on Pakistan’s socio-economic status belies the claims of progress that the government often makes in connection with health, education and other human development indicators. (No Trace Of Progress, Dawn, Editorial, Dawn, Nov 08, 2007)

The UN's Global Environment Outlook-4 (Geo-4) warns that consumption levels are fast depleting the world's resources, outpacing regeneration. (Abominable Footprints, Times of India, Editorial, The Times of India, Nov 06, 2007)

The UN Human Development Report's core message is that climate change could cause reversal of human development in the 21st century, particularly in developing countries. (Q&a: 'The Un Does Not Expect India To Reduce Emissions', Times of India, Correspondent or Reporter, Nov 05, 2007)

Based on the recommendations of the Justice Rajinder Sachar Committee on improving the socio-economic conditions of minorities in India, the UPA government has decided to establish an Equal Opportunities Commission (EOC). (Beyond Lip Service, Hindustan Times, Editorial, HindustanTimes, Nov 02, 2007)

Vice-President Hamid Ansari on Thursday said that the country needed a database of human development indicators for different income groups. (Ansari Calls For Different Human Development Indicators, Hindu, P. Sunderarajan , Nov 02, 2007)

There was a time when Marxism promised to provide a major plank for an ideological and political assault on the bourgeois civilisation. (Evolution & Impasse ~Ii , Statesman, Editorial, Statesman, Oct 29, 2007)

After the elevation of Rahul Gandhi as general secretary of the Congress party, there has been considerable media speculation on when he may join or lead the government. (Make The Govt Work, Times of India, Editorial, The Times of India, Oct 29, 2007)

The CPI(M) has said that the Tehelka tapes should be taken as prime facie evidence and the Supreme Court and Centre should move expeditiously to see that all those guilty are brought to justice (Sting Data Is Proof To Indict Modi: Cpm, Asian Age, Correspondent or Reporter, Oct 27, 2007)

It took minutes for the top guns to swing into action when the Sensex fell by several hundred points. But no Minister came forward to calm the nation when India hit the 94th rank in the Global Hunger Index. (Indexing Inhumanity, Indian Style, Hindu, P. SAINATH, Oct 26, 2007)

Never before has the Indian economy sustained close to 9 per cent growth year after year for so long. Most projections suggest that we should be able to sustain this rate into the medium term. (‘Given The Nature Of Competitive Politics And Fractured Mandates... Difficult For Us To Do What Is Manifestly Obvious’, Indian Express, Editorial, Indian Express, Oct 25, 2007)

India is a nation on the move. I am confident that our time has come. (We're Off To A Good Start, Times of India, Manmohan Singh , Oct 25, 2007)

There is no lack of thinking on what needs to be done to sustain and further accelerate growth. (The Unfinished Agenda Of Economic Reform, Business Line, Correspondent or Reporter, Oct 25, 2007)

Income and wealth inequalities are rising alarmingly in India but they barely figure in public discourse. Yet, they threaten to undermine social cohesion. (The Question Of Inequality, Frontline, Praful Bidwai, Oct 25, 2007)

Prime Minister Manmohan Singh today vent his anguish over the problems faced in running a coalition government in the backdrop of Left’s pressure for scrapping of the controversial Indo-US nuclear deal. (Fractured Mandate Hard: Pm, Tribune, Correspondent or Reporter, Oct 24, 2007)

Recall the face of the poorest and the weakest man you may have seen, and ask yourself if the step you contemplate is going to be of any use to him. (Growth Through Social Justice, Frontline, John M. Alexander , Oct 24, 2007)

I DON’T often write about politics but on some occasions it is a subject that becomes difficult to ignore even for a person whose primary interest is economics. (Economics & New Political Structure, Dawn, Shahid Javed Burki, Oct 23, 2007)

The judiciary’s effort to infuse accountability in the functioning of government institutions and the growth and development of human rights jurisprudence have demonstrated the importance of judicial governance. (Constitutionalism And Judicial Governance, Hindu, C. Raj Kumar, Oct 18, 2007)

Rising inequality has emerged as a subject of debate in various parts of the world. (Problems Of Equality, Times of India, Editorial, The Times of India, Oct 17, 2007)

The Indo-US nuclear agreement — 123 — is a major energy refuge for India, says the prime minister. But it is of alarmingly adverse national interest according to many informed critics, and so the subject desiderates public debate. (Let’S Not Be The Submissive Spouse, Indian Express, V.R. Krishna Iyer, Oct 16, 2007)


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