-PTI Having already crossed the fiscal deficit target in November, Finance Minister Arun Jaitley on Friday hinted at more cuts in spending so as to contain it within limits for the current fiscal, saying he does not believe in living on borrowed money. "We're trying to rationalise expenditure as far as the government is concerned because we do not want the government to live on borrowed money indefinitely," he told a gathering...
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Finance panel report not unanimous -Puja Mehra
-The Hindu The 14th Finance Commission, chaired by former Reserve Bank Governor Y.V. Reddy, has not submitted a unanimous report. Abhijit Sen, commission member, gave a dissent note to the report. The Modi government has not yet announced its decision on the report submitted to President Pranab Mukherjee's office in mid-December. Union Finance Minister Arun Jaitley did not table it in Parliament during the Winter Session. Mr. Jaitley is expected to present...
More »For the sake of the Good Earth -Rita Sharma
-The Tribune In India, mounting demographic pressures are leading to soil degradation. About 17 per cent of the global human and 11 per cent of livestock population is being sustained on a mere 2 per cent of the world's land and 4 per cent of its freshwater resources. The year 2015 has been designated as the International Year of the Soils by the United Nations. Recently, December 5 was commemorated as World...
More »Activists Accuse Govt of Using Budget Cuts to 'Dilute' MNREGA
-Outlook Activists today accused the government of using budget cuts to "rapidly dilute and undermine" the rural job guarantee scheme MNREGA. On the occasion of 10th anniversary of Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), Jayati Ghosh of People's Action for Employment Guarantee (PAEG) alleged that an implicit budget cap was being put on the scheme and that there had been delay in release of funds. "The attack on MNREGA began before...
More »Social activists caution Government not to ignore its legal responsibility & use budget cuts to dilute the MGNREGA
-Press Release of People's Action for Employment Guarantee New Delhi: Monday marks the 9th anniversary of the National Rural Employment Guarantee Act. The Act is unique to India and is known across the world as not only one of the most innovative social security measures but also an entitlement guaranteed by law passed unanimously by both houses of parliament. Since its inception, 1 in 3 households in rural India have worked...
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