-The Indian Express Budget 2019: At the end of its term, a government usually presents a vote on account rather than a full Budget. What is the difference? A look at what Interim Budgets have covered over the years, or left for the next government. Chennai: On February 1, the government is set to present its last Budget ahead of the elections. Conventionally, a government at the end of its term...
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Centre proposes to hike monthly pensions for the elderly poor, disabled and widows -Priscilla Jebaraj
-The Hindu Plan likely to be part of Interim Budget New Delhi: Ahead of the 2019 election, the Rural Development Ministry has proposed that the monthly pensions of the elderly poor, disabled and widows be increased from the current Rs.200 to Rs.800. For those above the age of 80, the proposal is to increase the pension from Rs.500 to Rs.1,200 a month. The Ministry has submitted the proposal, which would have an...
More »Finance ministry has a poor forecasting record -Sharmadha Srinivasan, Prakhar Misra and Niranjan Rajadhyaksha
-Livemint.com Given the over-optimistic revenue estimates and under-budgeted expenditure, the FinMin’s budget projections should be taken with a pinch of salt Dark clouds are gathering over the fiscal horizon. Finance minister Arun Jaitley will table an Interim Budget on 1 February—just weeks before India goes to polls. There’s a growing consensus among analysts that the government will miss its revenue target for the year, largely because the collections from the goods and services...
More »Farmers package in the works: Income support scheme and interest-free loans -George Mathew & Sunny Verma
-The Indian Express As there are 21.6 crore small and marginal farmers — most of whom are not in a position to repay the loan or put collateral — such a scheme is the only way to support their fund requirements, apart from ensuring market prices for their produce. Mumbai: The NDA government is considering a package of proposals for the distressed agriculture sector that includes interest-free loans, loans without collateral...
More »Forest fund Bill failed as it didn't respect tribals: Jairam -Nitin Sethi
-Business Standard Claims Bill did not respect rights of people under the Forest Rights Act and gave unbridled control over thousands of crores to forest bureaucracy On Friday, Prime Minister Narendra Modi regretted that the Compensatory Afforestation (CA) Bill could not be passed in the budget session of Parliament. On Saturday, outgoing Rajya Sabha member from Congress Jairam Ramesh hit back at the NDA, saying the reason the bill could not be...
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