Budget 2011-12 belies hopes of effectively addressing the housing needs of the poor. It fails to provide the much-needed impetus to improve the supply of affordable housing for economically weaker sections (EWS) and low-income groups (LIG), particularly those who live in the urban areas. About 99 per cent of housing shortage pertains to these two socio-economic categories. In absolute terms, by the end of 2012, the deficit will be as...

Delhi Government is gearing up to commence work on bringing the entire city under the "Adhar" project wherein every person will be enrolled and issued a Unique Identification Number. The state has set October as the deadline for completing the UID enrolment exercise. Chief minister Sheila Dikshit on Monday chaired a meeting to review the status of the UID project. The meeting was attended by education minister Arvinder Singh, urban development...

Social priorities have received scant fiscal attention There is good reason to feel let down by this year’s budget for the advancement of social sectors. The disappointment is more given that the Union finance minister opened his speech by stating that “we are reaching the end of a remarkable fiscal year” and followed it up by immediate assertions that “growth in 2010-11 has been swift and broad-based”, that “the economy...

There was a lot of apprehension before budget day regarding what the Union finance minister will do to reduce the deficit. Will he roll back the tax concessions implemented a couple of years ago as part of a fiscal stimulus package? Will he announce populist social sector spending in view of the major state polls coming up this year? Will he be too timid and not take any bold steps...

Indian Prime Minister Manmohan Singh has admitted in parliament that he made an "error of judgement" when he appointed the head of India's anti-corruption watchdog. Mr Singh said he accepted full responsibility for appointing PJ Thomas as anti-corruption chief last year. Mr Thomas was forced to resign by the Supreme Court last week. The court overturned his appointment on the grounds that he himself faced corruption charges dating from 1992. Mr Thomas denies the...