One of the big surprises in the 2011-2012 budget was that spending on the country’s landmark rural employment program remained flat, disappointing activists who see it as a way of redressing growing wealth disparities. The program has since 2006 guaranteed 100 days of work a year for unskilled laborers to build rural infrastructure like irrigation ditches and roads. The Congress party has made the program, known as the Mahatma Gandhi National Rural...
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Funds for social schemes seem to be vanishing
In his general budget for 2011-12, finance minister Pranab Mukherjee has announced an increase in allocation for the Mahatama Gandhi National Rural Employment Guarantee Act (NREGA) of Rs10,000 crore to Rs58,000 crore.The finance minister has proposed an identical hike for the Bharat Nirman scheme, and also proposed to give Rs3000 core to the national agricultural development board, NABARD.Mukherjee also said the government has decided to index the wage rates notified...
More »Govt likely to shelve tax on healthcare
Caught between public outcry and Congress reservations, the government on Tuesday indicated that it was willing to review the Budget proposal to levy a service charge on healthcare costs of individuals. But those opting for medical insurance might have to remain under the ambit of the levy. ''Whether the service tax will be on 25-bed hospitals or whether it will be on all tests is something that can be discussed,'' revenue...
More »63 people under scanner in 2G spectrum case, CBI tells SC
Sixty-three persons, including promoters and CEOs of 10 telecom firms have come under its scanner in the 2G spectrum case, the CBI on Tuesday told the Supreme Court which expressed satisfaction over the ongoing probe. The Central Government, which is also party to the case, informed a bench of justices G S Singhvi and A K Ganguly that it is in favour of setting up a special court to try...
More »Six-phase polls in WB, single-phase elections in TN, Kerala
A six-phased Assembly elections in West Bengal, a two stage poll in Assam and a single day poll in Tamil Nadu, Kerala and Puducherry were today announced by the Election Commission, setting in motion the largest such exercise after 2009 Lok Sabha polls. With parts of the state affected by Maoists activities, West Bengal will have elections in six phases on April 18, 23, 27, May 3, 7 and 10,...
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