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Water For The Leeward India -Jean Dreze and Reetika Khera

-Outlook As subsidies for the poor continue to be under attack, a ground-up report from 10-states shows how well welfare schemes have worked over the last 10 years. Ahead of Elections 2014, rights-based welfare schemes are under attack. To those who argue ‘Dolenomics' doesn't work, a survey of five schemes in 10 states shows that the Rs 1,68,478 crore annually the nation spends is making a real and tangible difference on...

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Government to Borrow 25 Paise for Every Rupee

-Outlook For every rupee in government kitty, as much as one-fourth will come from market borrowing in 2014-15, lower than the current fiscal ending March 31. The government's dependence on debt has come down from 27 paise in the previous Budget to 25 paise in the coming year, reflecting ease of pressure on revenue collections. As per the proposals presented today by Finance Minister P Chidambaram in the interim Budget, net borrowings of...

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Interim Budget 2014-15: Highlights

-Outlook Following are the highlights of interim budget 2014-15: Income tax rates kept unchanged 10 pc surcharge on 'super-rich' having annual income above Rs 1 crore to continue 10 pc surcharge on domestic corporates with income of Rs 10 crore Foodgrain production estimated at 263 million tonnes in 2013-14 Fiscal deficit at 4.6 pc in 2013-14...

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The focus is now on the fiscal deficit -Renu Kohli

-Live Mint The big question is whether commitment made by Chidambaram-to contain fiscal deficit at 4.8% of GDP-will be met With the current account deficit in check, the spotlight is now on the second major macroeconomic problem that needs to be fixed: the fiscal deficit. The big question is whether commitment made by finance minister P. Chidambaram in the budget-to contain the fiscal deficit at 4.8% of gross domestic product (GDP)-will be...

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An Abstract Hunger- Anuradha Raman

-Outlook A govt in credibility crisis wants to see the food security bill through The UPA-II government's flagship programme, the Food Security Bill, which comes with a neat price tag of Rs 1.23 lakh crore, holds the promise of eradicating hunger. If passed, the bill, it is expected, will ensure foodgrain to 67 per cent of the poor. Surely, with elections round the corner, no political party can risk opposing it....

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