-The Indian Express The forthcoming budget is expected by some to be make-or-break or path-breaking, by others, to provide a legislative or economic roadmap for the rest of this government's term. Most likely, it will focus on issues within the purview of the finance ministry, namely, macro management, taxation, expenditure, the financial sector and balance of payments. The abolition of the Planning Commission and the 14th Finance Commission recommendations on tax devolution...

-Down to Earth States, already flush with cash surplus of Rs 1.6 lakh crore, will get significantly raised share from the central taxes. Along with this financial devolution, the Central government is also going to devolve the responsibility of planning and implementation of centrally sponsored schemes to states in the coming budget. This makes state budgets the key instruments of gauging the social sector Just four days before the Union budget, the...

-Press Information Bureau/ Ministry of Finance The plan outlay of 2015-16 reflects the compositional shift in the allocations for various Programmes and Schemes in view of high devolution; 42% of Union Taxes, to States as per the recommendation of 14th Finance Commission. Making his Budget Speech while presenting the General Budget 2015-16, the Finance Minister, Shri Arun Jaitley said that consequent to this substantially higher devolution, many schemes on the State...

-The Times of India NEW DELHI: All governments till now, including the present one, have promised that they will do their utmost to uplift dalits and adivasis who make up about 24% of India's population and generally occupy the lowest rung of the social and economic hierarchy. One way of fulfilling this eternal promise has been the system of specially earmarking funds from the Five Year Plan outlays for dalits and...

-PTI New Delhi: In a novel initiative, the Aam Aadmi Party government has decided to involve common people in making Delhi's budget for 2015-16 so that financial allocation can be made based on requirement of various areas. The government also hinted at undertaking an "austerity drive" and reviewing "functioning of unnecessary departments" to plug the wastage of resources. Chief Minister Arvind Kejriwal told the Delhi assembly that after taking people's opinion on the...