-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 »RTI earns govt. bigger bucks than estimated -Rahul Devulapalli
-The Hindu Actual revenue from RTI services continues to be pegged low, year after year Hyderabad: Estimates of revenue generated through RTI (Right to Information) queries and actual revenue generated by the State government, has revealed great disparity over the years. Each RTI applicant is required to pay a sum for information demanded. Going by data from the last few years, revenue estimated by the GAD (General Administration Department) of united Andhra Pradesh...
More »State needs to have a pro-poor minor mineral policy -Manas Jena
-The Pioneer Bhubaneswar: With the increasing demand for building and construction materials in a rapid urbanisation and industrialisation process in the State, the use of minor minerals has been increasing. The housing and road communication projects, both in rural and urban areas and industrial hubs, have created huge demand for minor minerals that have raised concern for an effective minor mineral management policy. It is a fact that in many areas there...
More »Running on fumes -Paranjoy Guha Thakurta
-The Asian Age The sharp and sudden collapse of international prices of crude oil brings significant short-term gains for the Indian economy. However, in the medium and long run, the fall in oil prices has ramifications that are far from positive for this country. The windfall gains that have accrued will provide temporary relief for finance minister Arun Jaitley and will enable him to meet the fiscal deficit target in the...
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