-The Hindu Allocation for existing scheme slashed The Centre has allocated Rs.500 crore for a new pension scheme for workers in the unorganised sector, even while reducing its allocation for an existing pension scheme by Rs.775 crore. The new scheme, to be called the Pradhan Mantri Shram-Yogi Maandhan, will benefit unorganised sector workers who have a monthly income up to Rs.15,000. It will provide them a monthly pension of ?3,000 from the age...
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The mistaken obsession with the fiscal deficit -CP Chandrasekhar and Jayati Ghosh
-Networkideas.org It’s that time of year again – the time when all eyes turn to those magic numbers, the actual and proposed fiscal deficits of the central government as shares of GDP. Breathless news anchors will interrogate financial investors on what the numbers mean, and why 3.5 per cent or 3.7 per cent is fatally worse than, say, 3.4 per cent or 3.2 per cent or less. Everyone will breathe a...
More »Explained: What's the difference between a full Budget and an interim Budget? -Shaji Vikraman
-The Indian Express Budget 2019: At the end of its term, a government usually presents a vote on account rather than a full Budget. What is the difference? A look at what interim Budgets have covered over the years, or left for the next government. Chennai: On February 1, the government is set to present its last Budget ahead of the elections. Conventionally, a government at the end of its term...
More »Audit report on Rafale deal not yet complete, says CAG -Priscilla Jebaraj
-The Hindu In a response to an RTI query, the CAG said: “Audit Report is under preparation. Therefore, no information can be provided in this stage.” The Comptroller and Auditor General (CAG) has not yet completed its audit report regarding purchase of Rafale aircraft, according to its response to an RTI query this week. This erodes the basis of the Supreme Court’s December 2018 judgement on the Rafale case, according to RTI...
More »Will the Centre present a 6th 'full budget'? Congress worried
-The Hindu Business Line ‘Centre has presented 5 full-fledged Budgets, does not have the legitimacy for a sixth’ The Congress alleged on Thursday that the Centre is planning to present a full-fledged Budget violating all Parliamentary conventions, procedures and traditions. It maintained that the Narendra Modi government neither has the “electoral mandate” nor the “electoral legitimacy” to present six full Budgets in five years. Talking to reporters, former minister and senior Congress spokesperson...
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