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After UPA-like noise, big slash

-The Telegraph New Delhi: Finance minister Arun Jaitley today promised gifts for children, women, patients and the poor but slashed his government's funding across the social sectors. Budget outlays for education, health, rural development, social justice and women and children have fallen sharply or remain close to the outlays these sectors had received last year. The allocation for children under the women and child development ministry witnessed the sharpest fall from last...

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Highlights of Union Budget 2015

-The Hindu FM's Budget speech dwelt on agriculture, public investments in infrastructure, manufacturing and social sector spending. States to be equal partners in economic growth; move to making India cashless society; social sector programmes to continue. Some of the challenges mentioned by the Finance Minister are: poor agricultural income, decline in manufacturing ; and the need for fiscal discipline. Here are sector-wise highlights: TAXATION 1 Abolition of Wealth Tax. 2 Additional 2% surcharge for the super...

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Keep focus on social sector: United Nations tells India -Chetan Chauhan

-The Hindustan Times A United Nations report on Wednesday asked the government to increase focus on rights-based programmes - like the job guarantee and food security schemes - to eradicate poverty while praising PM Narendra Modi's financial inclusion scheme, the Jan Dhan Yojana. The UN report on India and the Millennium Development Goals (MDGs) comes at a time when the central government has cut the budget for social sector schemes and initiated...

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The twist in the growth story -C Rangarajan

-The Hindu Reforms must be part of a continuing agenda. The basic principle guiding reforms must be to create a competitive environment with a stress on efficiency. In many ways the coming decade will be crucial for India as growth is the answer to many of its socio-economic problems The data on national income released recently give a new twist to India's growth story. The most significant change is with respect to...

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Modi government's doublespeak on food security is a recipe for chaos and corruption -Jean Drèze

-Scroll.in The strongest safeguard against fraud is not end-to-end computerisation but clarity of entitlements: if people know what is due to them, they will fight for it. In a stunning admission of party hypocrisy, former Food Minister Shanta Kumar recently stated that the Bharatiya Janata Party's support for the National Food Security Act last year was just a pretence. Remember, when the act was being discussed in Parliament, BJP leaders (from Narendra...

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