-The Hindu The broad contours of a cooperative federal polity where the Centre and States engage as equal partners in development is now emerging after the government on Tuesday accepted the recommendations of the Fourteenth Finance Commission. The FFC, headed by former RBI Governor Y.V. Reddy, has broken new ground by recommending a move away from scheme and grants-based support to States to a greater devolution of funds from the Centre's...

-The Hindu The government's first full year budget is an excellent chance to recognise missed opportunities and take corrective action with regard to investing in addressing gender inequality The coming Union budget is significant for at least two reasons: first, this will be the new government's maiden full year budget. Second, with the NITI Aayog replacing the Planning Commission, the government is likely to abolish the distinction between plan and non-plan budgets. This...

-FirstPost.com Abhijit Sen, part-time member of the Planning commission, has openly criticised some of the recommendations of the 14th Finance Commission, particularly with respect to the ones on sharing of taxes to state governments. The dissent note was carried in the report of the commission tabled in Parliament on Tuesday. "The recommendations regarding devolution and revenue deficit grants are bound to disrupt existing plan transfers, with likely very serious effects in the...

Quite opposite to the top-down model of budgeting, the newly elected Aam Aadmi Party-led Government in Delhi has decided to go for a 'citizen-centric' budget Planning at 'mohalla'-level for the fiscal year 2015-16. Drawing lessons from the success stories of participatory budgeting conducted at municipal-level in cities like Porto Alegre (Brazil), the AAP-led Delhi Government has decided to launch this form of decentralized budgeting on a pilot basis in a...

-Hindustan Times The Narendra Modi government has decided to introduce the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill, 2015, in Lok Sabha today. The controversial Bill seeks approval of Parliament for changes brought in the law through an ordinance or emergency executive order in December 2014. The Bill will lapse on March 20, if it is not passed during this budget session that began...