-FirstPost.com Raipur: Amid Prime Minister Narendra Modi's aggressive pitch for growth and denouncement of the policy of handouts in the pre-general election campaign last year, Chhattisgarh's model of Public Distribution System (PDS) stood out as a shining and welcome misfit. The BJP showcased Chief Minister Raman Singh model of PDS as its answer to the Congress' Food Security Act. Besides the Gujarat model, this was the only model that found mention...
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Strong on the social sector side -Yashwant Sinha
-The Hindu Budget making is a complex exercise, especially in a country like India. Therefore, the parameters to judge the annual budget are also many. For me, the arithmetic of the budget is the first. According to the statements made by the Prime Minister and the Finance Minister, one expected the fiscal deficit targets to be adhered to. However the Finance Minister has extended it from two to three years....
More »No clean slate -Arvind Virmani
-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...
More »Centre working on labour law changes -Somesh Jha
-Business Standard Working on clubbing all the 44 labour laws into five segments The Centre might take up changes to the Industrial Disputes Act on the lines of what the Rajasthan government recently did, sources said. The Union ministry has started work on clubbing all the 44 labour laws into five segments - industrial relations, wages, social security, working conditions and welfare cess. Sources told Business Standard the views of stakeholders had been taken...
More »Land Acquisition Act: Ordinance also dilutes clause on return of unused acquired land -Ruhi Tewari
-The Indian Express The NDA government's ordinance to amend the land acquisition Act does not merely expand the list of projects that would be exempted from requirements of consent and Social Impact Assessment but also quietly makes other provisions in the law less stringent. It dilutes the requirement that unused acquired land be returned to the original owners, makes it tougher to prosecute defaulting civil servants, reduces the scope of the...
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