-Outlook The government today cut Rs 79,790 crore from the budgeted Plan expenditure of Rs 5,55,532 crore for the current financial year against the backdrop of a burgeoning fiscal deficit. The Interim Budget 2014-15, presented by Finance Minister P Chidambaram in Parliament, projected revised estimates of the Plan expenditure at Rs 4,75,532 crore for 2013-14. For the next financial year starting April 1, the government has kept the the Budget Estimates of Plan...
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Spending on subsidies surged, education and health lagged during 10 years of UPA -Sidhartha
-The Times of India NEW DELHI: When finance minister P Chidambaram presents his first interim budget on Monday, he is expected to devote a significant chunk of his speech - which may be between 12 and 18 pages - to UPA government's spending on social sector schemes, especially health, education and rural development. But what is probably going to slip through is the fact that these sectors actually witnessed a comparatively...
More »FM to shun populism, bat for fiscal prudence -Mahendra Kumar Singh
-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. 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...
More »Blamed for ‘policy jam’, but CAG can’t monitor 60% of govt schemes -Sandeep Pai
-The Hindustan Times Facing allegations of policy paralysis, the government has often said bureaucrats are afraid to take decisions in the face of increased scrutiny by the national auditor, but HT has found that CAG doesn't have the authority to monitor more than half of the Centre's schemes and programmes. In fact, a draft bill to broaden and clarify the powers of the Comptroller and Auditor General, which has had several run-ins...
More »Giving Dalits their due -Ajoy Ashirwad Mahaprashasta
-Frontline Two draft Bills on the Tribal Sub-Plan and the Scheduled Caste Sub-Plan raise hopes of granting these decades-old schemes statutory status and ensuring allocation of funds in the Central and State budgets for their implementation. IN a significant legislative move, the Union government's Ministry of Tribal Affairs released a draft Bill for the implementation of the long-neglected Tribal Sub-Plan (TSP), a special programme mandated by the Planning Commission to benefit the...
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