-The Hindu Business Line One sector in which the United Progressive Alliance (UPA) can claim some success during its 10 years in power is agriculture. Between 2003-04 and 2013-14, India's foodgrain output rose from 213.19 million tonnes (mt) to 263.20 mt. Production of pulses and oilseeds has also gone up from under 15 and 25 mt to nearly 20 and 33 mt respectively, after registering near stagnation in the previous decade....
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McKinsey pegs poverty line at Rs 1,336 per month -Prabhakar Sinha
-The Times of India NEW DELHI: A Global consultancy firm pegged a new level for poverty or empowerment line - at Rs 1,336 per month per person as against the poverty line prescribed by the government at around Rs 870 per month per person. McKinsey, in a report, said the empowerment line determines the level of consumption required for an individual to fulfill his/her basic need for food, energy, housing, drinking water,...
More »Why did Chidambaram shut down New Delhi?-Mihir S Sharma
-The Business Standard The economic logic - and political reasons - behind the giant shift of spending power to the states Interim Budgets are not supposed to do this. This is precisely what they are not supposed to do. They are not supposed to lay out a policy change so vast it disempowers the next central government. But that's what P Chidambaram has done - and it appears to have been...
More »Budget 2014: Political move? UPA shifts power over huge spending to states
-The Times of India NEW DELHI: The next government at the Centre will have far less money to play with, thanks to something Chidambaram has done. He has transferred substantial control over spending on centrally-sponsored schemes such as employment guarantee and Sarva Shiksha Abhiyan to the states. In the coming year, the amount is Rs 3.4 lakh crore. State governments will be pleased. Political observers see it as a move to curry...
More »Spending on subsidies surged, education and health lagged during 10 years of UPA -Sidhartha
-The Times of India NEW DELHI: When finance minister P Chidambaram presents his first interim budget on Monday, he is expected to devote a significant chunk of his speech - which may be between 12 and 18 pages - to UPA government's spending on social sector schemes, especially health, education and rural development. But what is probably going to slip through is the fact that these sectors actually witnessed a comparatively...
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