-The Times of India   Bihar seems to be becoming a pensioners' paradise with the state spending the highest amount on account of pension among all states, 48% of its revenue earnings. Along with some north-eastern states, Bihar's expenditure on pension, administrative services (salaries etc) and interest payments adds up to more than its total revenue generation.  According to budget documents of state governments, Bihar is the only one among non-special category states...

-The Economic Times A parliamentary standing committee has taken a grim view of constant pruning of budget of agriculture ministry. It has asked the Centre to adopt a fresh outlook towards allocation of finances to the sector as it sustains economically weak farming community.  The parliamentary panel examining the demands for grants of agriculture ministry found that in the Eleventh Plan there was a wide difference between proposed budget estimate (BE) of...

Even as 2011-12 saw Union ministers going on an unprecedented number of foreign trips, the MEA has refused clearance on several grounds for at least 39 proposed trips by 25 Union ministers since June 2009. Some of them are no longer ministers. All these trips, barring one, fell in the official category. The ministers had proposed to travel to destinations such as the US, UK, France, Italy, Japan, Australia and South Africa,...

A Comptroller and Auditor-General of India report has expressed dismay over the rising share of funds disbursed by various ministries to local bodies and NGOs in 2010-11. The CAG report on the accounts of the Union government was tabled in Parliament on Tuesday. "An analysis of plan expenditure revealed that 77% of the total plan expenditure was in the form of grants-in-aid payment,'' the report stated. "In five of the ten...

-PTI The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.  "Government has, in principle, agreed to make the prices of diesel market determined," Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha.  While petrol prices are market-linked, the government fixes the rates of LPG, kerosene and diesel, which results in a...