-Al Jazeera Prime Minister Narendra Modi is unlikely to narrow the gap between Indian elites and the rest of the population India has experienced a significant economic growth spurt in recent decades. After seeing annual growth of 3 percent in the years after independence in 1947, the rate began to double, reaching a rate of around 6 percent per year after 1980. However, the distribution of growth proceeds has been very uneven...

-Business Standard The government has sought parliamentary approval for an extra Rs 18,995 crore social sectors during 2015-16, almost half of the total extra spending asked for over the Budget Estimates (BE). In a supplementary demand for grants, tabled in Parliament last week, the government placed additional expenditure for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), National Food Security Act (NFSA), Swachh Bharat Abhiyan, drinking water scheme, Pradhan Mantri Gram...

-PTI New Delhi: In the previous year, when Delhi was under President's Rule, Finance Minister Arun Jaitley had presented a Rs.36,776 crore budget for the 2014-15 fiscal for Delhi. The Aam Aadmi Party government on Thursday presented a Rs 41,129 crore budget with a major focus on education, health and transport sectors besides allocating funds to provide free wifi facility in colleges and villages. Presenting the budget, Deputy Chief Minister Manish Sisodia...

-PTI The Prime Minister on Thursday launched three missions on Smart Cities, Atal Mission for Rejuvenation and Urban Transformation, and Housing for All. States and Union Territories will have a greater say in implementation of the three flagship schemes for urban development launched by Prime Minister Narendra Modi on Thursday, as per the guidelines issued. Operational guidelines for implementation of Smart Cities, Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Housing for...

-PTI NEW DELHI: Delhi's per capita income during financial year 2014-15 has increased to Rs 2.41 lakh from Rs 2.12 lakh in the previous fiscal, a rise of nearly 13.50 per cent over the period. Besides, the per capita income of the national capital is almost three times its value for the country, which stands at Rs 87,748, according to Economic Survey of Delhi 2014-15 tabled in the Delhi Assembly on Wednesday. As...