-The Hindu Move to push this year's expenditure to next fiscal is intended to keep the fiscal deficit within target The Finance Minister of the next government post-elections will have to pay the price for the United Progressive Alliance's (UPA) subsidy and social spend. The Finance Ministry plans to book in next financial year, 2014-15, the expenditure that will be incurred on subsidies during the remaining months of the current fiscal (January-March). ...
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Road transport ministry seeks no cut in road upkeep budget -Dipak Kumar Dash
-The Times of India NEW DELHI: In the election year and with more complaints of "poor condition" of highways pouring in, the road transport ministry wants finance ministry not to reduce the allocation for road maintenance. The ministry has asked finance minister P Chidambaram to avoid reduction of "non-planned" expenditure since the allocation of Rs 2,000 crore for upkeep of highways is inadequate. Sources said that highways minister wrote a letter to...
More »Panel may order recovery of Rs 60,000 crore from Odisha miners
-The Times of India NEW DELHI: Union Cabinet on Thursday referred the MB Shah commission of inquiry report on illegal mining in Odisha to the committee of secretaries (CoS) to suggest further action which may include recovery of nearly Rs 60,000 crore from the miners and a CBI probe into roles of public servants in allocating mines to private companies. The commission has severely indicted both the Centre and the Odisha government...
More »Reading the expenditure leaf -Surabhi
-The Indian Express With just weeks before the Vote on Account to be tabled in Parliament the expenditure numbers of the government are looking challenging. The fiscal deficit has already touched 94 per cent of the full year target of Rs 5,42,499 crore between April- November 2013 and while the sluggish pace of revenue receipts is evident, movements in expenditure needs to be assessed carefully. Total expenditure has crossed Rs 10,00,000 crore mark...
More »Bus GPS shield
-The Telegraph New Delhi: Public buses in 32 cities will have GPS facilities and video recorders under a proposal approved by the cabinet today as part of the Nirbhaya Fund for women's safety. The clearance of the road transport ministry's proposal comes over a year after the December 16, 2012, gang rape of a paramedic student in a Delhi bus and death weeks later. The Justice J.S Verma Committee, formed after the atrocity...
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