-The Hindu Overall, the Budget places considerable emphasis on agricultural renewal and agrarian prosperity. Obviously, the allocations are small but a beginning has been made to look at the problems in farming in a more holistic manner. The Union Budget is a resource allocation exercise. The priorities in the allocation were indicated in the address of the President to Parliament on June 9. While the President's address provides a framework for political...
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Jaitley gives States more freedom in MGNREGA implementation
-The Hindu Business Line Budget allocation for rural jobs scheme raised marginally to ₹33,353 crore NEW DELHI: In a major rejig of the UPA's flagship Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the BJP-led Government has converted the programme from being a Central to a State Plan scheme. This change, however, did not find explicit mention in Finance Minister Arun Jaitley's Budget speech. In the previous Government's 2013-14 Budget, a total amount...
More »Rs. 37,880 crore to be pumped into nation’s road network -Sandeep Dikshit
-The Hindu Rs. 3,000 crore for the North-East alone; fillip to PM's rural scheme The Union Budget 2014 has given importance to fast-tracking highways and improving the road infrastructure to augment the nation's arterial network. "The sector had taken shape between 1998 and 2004 under NDA-I. The sector again needs huge amount of investment," said Finance Minister Arun Jaitley while tabling the Budget. "I propose investment in National Highways Authority of India and...
More »No going back on MGNREGA -Nikhil Dey and Aruna Roy
-The Indian Express The budget will reveal whether the BJP is committed to this transformative programme. Mohandas Pai, currently an advisor to the BJP government in Rajasthan, was asked on television how the government could "control" social sector expenditure, more specifically on the MGNREGA. He answered that the NDA should simply learn from and follow former Union minister P. Chidambaram's policy of "benign neglect". Clarifying further, he explained how the UPA...
More »Agriculture sector gets a new lease of life -Madhvi Sally
-The Economic Times NEW DELHI: Finance Minister Arun Jaitley announced a price stabilisation fund, steps to set up a national market for farm produce, irrigation schemes, new agricultural universities as well as initiatives to increase warehousing and rural internet connectivity. Jaitley said food price volatility was a big concern, and announced a Rs 500 crore fund for farm price stabilization. He said the government wanted agriculture to grow although weak rainfall was a concern. Please...
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