-Hindustan Times The BJP had received as much money in donations as all other national political parties combined for the 2014 general elections that it won with a sweeping verdict, says a report by the Association for Democratic Reforms (ADR). The ADR report said the BJP collected Rs 560 crore as against Rs 350 crore by the Congress, around Rs 77 crore each by NCP and the BSP and Rs 65 crore...
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Social spending cut first time in a decade
-Hindustan Times The government slashed plan expenditure by about 20% in the 2015-16 budget amid fiscal concerns, hitting spending on social sectors such as education and women's empowerment that were the focus areas of the previous UPA administration. In the 2014-15 budget, Arun Jaitley allocated Rs. 5,75,000 crore for plan expenditure, or money that goes towards creation of productive assets, but could spare only Rs. 4,65,277 crore this time. This is also...
More »The budget exposes the class bias of the Modi govt -Prasenjit Bose
-Hindustan Times Finance Minister Arun Jaitley's claims of already having achieved an economic turnaround, made in his budget speech, evoke suspicion. Inflation is certainly down and so is the current account deficit, but that has almost entirely to do with the crash in international crude oil prices, which have fallen from $110 per barrel in June 2014 to around $57 per barrel currently. In fact, rather than passing on the full...
More »Modi says MNREGA shows Cong's failure; Kharge retorts PM can't mock scheme that helps poor
-Hindustan Times Prime Minister Narendra Modi said on Friday his government would not stop the National Rural Employment Guarantee Scheme as it was a "living reminder" of the previous UPA government's "failures". Replying to the motion of thanks on the president's address in the Lok Sabha, the prime minister said: "Sometimes people ask whether MGNREGA would be discontinued." Modi quipped though the Opposition might say he does not understand some issues, they...
More »All Central schemes to be under cash transfer scheme from April -Chetan Chauhan
-Hindustan Times The government's fiscal management plan in the budget could see a roadmap on extending the controversial cash transfer schemes from just entitlements to subsidies, a move that could add fuel to the already surcharged atmosphere over the land acquisition bill. The finance ministry has issued instructions to bring all Central schemes having a financial component under the direct benefit transfer (DBT) from April, apparently to plug leakages and to keep...
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