-The Telegraph 'The existing system of the HRD minister chairing the panel for selecting IIT directors was a bad practice' New Delhi: A panel of educationists set up by the University Grants Commission has found flaws with the existing system of selecting academic heads of institutes of higher learning and called for a review, implying that politicians should not be part of the process. The recommendations came in a report the four-member committee,...

-TheWire.in While the revenue deficit is estimated to increase in the Union Budget in comparison to the interim one, the fiscal deficit shows a decline thanks to the increase in capital receipts especially through disinvestment. A comparison between the Interim Budget (IB) presented on February 1, 2019, and the full Union Budget (FB) presented before parliament on July for the current fiscal year (2019-20) throws up some intriguing questions. While most commentators have...

-The Hindu Business Line Almost half of the budgetary exercise is over, but Parliament is yet to see formation of department-related standing committees (DRSC). This means Demands for Grants and the Finance Bill will not be vetted by DRSCs as of now. The Lok Sabha is scheduled to take up the Finance Bill for consideration and passage during the week starting July 15. There will also be discussions and voting on Demands...

-Down to Earth The employment scheme generated 20.23 average working days in the state against the mandated 100 days, according to a Punjabi University report A high incidence of illiteracy, low levels of education, a major lack of awareness and dependence on Panchayat members and sarpanches have led the much-publicised Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to fail in Punjab. The scheme generated only 20.23 average days' employment a year...

-Hindustan Times The 15th Finance Commission (FC) has to submit its report in October 2019, which will be another important event in the evolution of India’s fiscal federalism framework. The tenure of the Narendra Modi government has seen important changes in India’s fiscal federalism set-up such as the abolition of the Planning Commission (PC) and the roll-out of the Goods and Services Tax (GST). The 15th Finance Commission (FC) has to submit...