-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...

-Hindustan Times Prime Minister Narendra Modi said on Friday his government would not stop the National Rural Employment Guarantee Scheme as it was a "living reminder" of the previous UPA government's "failures". Replying to the motion of thanks on the president's address in the Lok Sabha, the prime minister said: "Sometimes people ask whether MGNREGA would be discontinued." Modi quipped though the Opposition might say he does not understand some issues, they...

-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...

Quite opposite to the top-down model of budgeting, the newly elected Aam Aadmi Party-led Government in Delhi has decided to go for a 'citizen-centric' budget planning at 'mohalla'-level for the fiscal year 2015-16. Drawing lessons from the success stories of participatory budgeting conducted at municipal-level in cities like Porto Alegre (Brazil), the AAP-led Delhi Government has decided to launch this form of decentralized budgeting on a pilot basis in a...

-Hindustan Times The Narendra Modi government has decided to introduce the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill, 2015, in Lok Sabha today. The controversial Bill seeks approval of Parliament for changes brought in the law through an ordinance or emergency executive order in December 2014. The Bill will lapse on March 20, if it is not passed during this budget session that began...