-Business Standard The government has sought parliamentary approval for an extra Rs 18,995 crore social sectors during 2015-16, almost half of the total extra spending asked for over the Budget Estimates (BE). In a supplementary demand for grants, tabled in Parliament last week, the government placed additional expenditure for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), National Food Security Act (NFSA), Swachh Bharat Abhiyan, drinking water scheme, Pradhan Mantri Gram...
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Realty sector: Getting the foundation right
-The Indian Express As several steps taken by the Centre for the sector hangs fire, clarity and implementation of ‘Housing for All’ scheme would be the key for its success. The Union Cabinet approved its flagship ‘Housing for All’ scheme this week, with a 2022 target and a renewed emphasis on the low-income group categories by way of relaxed income limits and higher interest subvention. While the government seems to have struck...
More »Public funds to push neoliberal agenda -CP Chandrasekhar
-Frontline.in The Modi government has apparently realised that the private sector is not up to the task of driving growth. It hopes to fund its neoliberal dream of India becoming the fastest-growing emerging market through a combination of off-Budget borrowing and drastic expenditure reduction in key social sectors. IT will soon be a year since the National Democratic Alliance (NDA) government under Prime Minister Narendra Modi took office at the Centre....
More »AAP budget paves way for subsidies, curbs spending
-The Times of India NEW DELHI: Promising to bring a full budget with plans and schemes based on public suggestions around May, the Aam Aadmi Party government on Tuesday sought a vote on account for three months on the total budget estimates of Rs 37,750 crore for 2015-16. Voting will be done on Wednesday. A larger non-plan outlay of Rs 21,500 crore and a smaller plan size of Rs 15,350 crore...
More »So Richie Rich? Have Another One On Us -P Sainath
-Outlook Corporate karza maafi reaches new heights, social spending new lows This year's budget write-off in customs duty on gold, diamonds and jewellery (all aam aadmi items, of course) is Rs 75,592 crore. That's well over twice the "record" amount allocated to the Mahatma Gandhi National Rural Employment Guarantee Scheme. As Prof Jayati Ghosh points out, the MNREGA has given billions of person-days of work to tens of millions of poor...
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