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...
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Budget 2011: Pranab focuses on social sector
Union Finance Minister Pranab Mukherjee presented Budget 2011-12 in Parliament on Monday promising to stimulate growth and bring down inflation. Admitting that food inflation remains a matter of concern, Pranab said that the economy could have performed better. He said that the development needs to be more inclusive while announcing increased outlay on social sector schemes. "Total food inflation is down from 20.2 per cent last year to 9.3 per cent...
More »Increase outlay for higher and technical education by Dhiraj Mathur
The government passed the historic Right to Education Act (RTE Act) making education a fundamental right of every child.The Act makes it obligatory for the government to ensure that every child in the six to 14 years age group gets free elementary education.According to government estimates, there are nearly 220 million children in the relevant age group, of which 4.6%, or nearly 9.2 million, are out of school.Under the Act,...
More »Ignoring NAC objections, Union Home Ministry goes ahead on communal violence Bill by Smita Gupta
The Union Home Ministry is pressing ahead with pushing the Communal Violence (Prevention, Control and Rehabilitation) Bill, 2005 for consideration and passing in the budget session of Parliament, even though it was summarily rejected by the National Advisory Council, which is currently drafting an entirely new law.Expressing surprise, NAC sources told The Hindu that Chairperson Sonia Gandhi had communicated to the government that the Council was drafting a new Bill,...
More »Getting smarter about welfare by Sreelatha Menon
One swipe of the smart card and hospital Bills of up to Rs 30,000 can be paid under the Centrally sponsored Rashtriya Swasthya Bima Yojana (RSBY). This potential of the smart card, unlocked for over twenty million beneficiaries of the scheme, is now set to empower beneficiaries of subsidised food grains in Orissa to buy wheat and rice. The idea is to have a single smart card serve multiple purposes. The...
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