Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | FM to shun populism, bat for fiscal prudence -Mahendra Kumar Singh

FM to shun populism, bat for fiscal prudence -Mahendra Kumar Singh

Share this article Share this article
published Published on Feb 10, 2014   modified Modified on Feb 10, 2014
-The Times of India


NEW DELHI: The UPA government is expected to announce a minor increase in the outlays for social sector schemes, while leaving the overall Plan expenditure for 2014-15 around the same level as the Budget estimates for the current fiscal.

Budget

In what may be seen as shunning populism for a more pragmatic fiscal plan, finance minister P Chidambaram is in fact expected to penalize several poor performers, who face spending cuts. For instance, the rural development ministry may see a near 9% reduction in expenditure compared to Rs 74,500 crore allocated for 2013-14.

Similarly, Plan spending for drinking water, science and technology and civil aviation may also be pruned when Chidambaram seeks parliamentary go-ahead for his first vote-on-account, meant to ensure that expenditure is not hit during the first few months of the next financial year due to the general elections, sources familiar with the exercise told TOI.

UPA-2's last budgetary exercise is unlikely to see a much change in Plan expenditure for 2014-15 from the 2013-14 Budget estimate of Rs 5.5 lakh crore, sources said, while arguing the government's support for the fiscal consolidation path adopted by finance ministry.

With the Congress set to go to polls based on its performance of pro-Aam Aadmi schemes, Plan spending on health is expected to be increased by 3% to Rs 33,725 crore during 2014-15 from this year's Rs 32,745 crore. Similarly, the outlay for human resource development ministry is likely to be hiked by Rs 1,538 crore.


The Times of India, 10 February, 2014, http://timesofindia.indiatimes.com/business/india-business/FM-to-shun-populism-bat-for-fiscal-prudence/articleshow/30126643.cms


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close