-PTI The Plan spending of the Unique Identification Authority of India (UIDAI), responsible for issuing Aadhaar numbers to residents, has been almost doubled to Rs 2,620 crore in 2013-14 from the revised estimates in the current fiscal. The authority's revised estimates of Plan expenditure in the current fiscal stands at Rs 1,350 crore compared to the budget estimates of Rs 1,758 crore. The actual Plan expenditure of the authority was 1,187.53 crore in...
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A walk on the wild side
-The Economist Government borrowing generates inflation, widens the external deficit and crowds out much-needed investment. Can India now overcome its debt addiction? INDIA has grappled with its public finances for long enough. When presenting its first budget after independence in 1947, the finance minister of the day insisted that the country was not living beyond its means. Yet every budget since has failed to produce a surplus. India borrows more heavily...
More »Slash subsidy, raise prices of diesel and LPG: Economic Survey
-PTI Claiming that the "downturn is more or less over", the pre-Budget Economic Survey on Wednesday projected an optimistic 6.1 to 6.7 per cent growth in the next fiscal and made a strong call for cutting subsidises. While pegging the GDP growth at an estimated 5 per cent for the current fiscal, the Survey tabled in Parliament by finance minister P Chidambaram said "...the overall economy is expected to grow in the...
More »Direct Cash Transfer scheme to cover entire country, leakages to be plugged
-PTI Nearly 11 lakh poor people have benefitted from the Direct Benefit Transfer Scheme, which began on January 1, 2013 and will be rolled out throughout the country, Finance Minister P Chidambaram said during his Budget speech in the Lok Sabha. He said the "Aapka paisa aapke haath" concept has brought happiness to the poor who have received the benefits directly into their bank accounts. He said the government was determined to...
More »Budget 2013: Chidambaram focuses on women, youth, poor in budget
-IANS To woo "ambitious" women, "impatient" youth and the poor, the Congress-led UPA government Thursday promised them more schemes and programmes as they "represent the vast majority of the people of India". "...before I close this part of my speech, I wish to draw a picture of three faces that represent the vast majority of the people of India," finance minister P Chidambaram said. "The first if the face of the woman. She...
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