-The Business Standard The Union Budget shows the charitable instincts of the government continuing to overwhelm it - though some would call it part inefficiency and part helplessness. The exemptions given to citizens on the tax they ought to pay have been exceeding the Plan expenditure, and even the total fiscal deficit as it did in 2012-13. This has prompted criticism from the Left parties and activists, who view it as evidence...

-The Economic Times Finance Minister P Chidambaram has allocated Rs 80,194 crore to Ministry of Rural Development in Budget 2013. Giving the emphasis on education, Chidambaram said Budget 2013 will allocate Rs 65,867 crore to the HRD ministry. My budget's overarching goal is to create opportunities for our youth, he said. More than the fiscal deficit, Chidambaram said his greater worry is the current account deficit. In his Budget speech, he said the 'passion...

-CNN-IBN Finance Minister P Chidambaram plans to get more income for the government by taxing the super-rich and the corporate sector even though he left untouched income tax rates and slabs. Chidamabaram allowed some relief for those who earn between Rs 2-5 lakh per year by announcing that they would be granted a tax credit of Rs 2000 and left most of the items untouched by not tinkering too much with...

-Pratirodh.com Speaking to an enthralled audience of 1,500 students and faculty at IIT (Delhi) , Nobel laureate Amartya Sen said that the idea of the National Food Security Bill was “a matter of appreciation and support”, and that the tabling of the Bill in Parliament was in itself a big achievement.  However, he also drew attention to various shortcomings of the Bill and argued for it to be strengthened, particularly in...

-The Business Standard The Nobel laureate says neglecting children is not only unjust but also an economic blunder Nobel laureate Amartya Sen said the National Food Security Bill needs to be strengthened to include children’s entitlements. According to him, the Bill, in the current form, neglects children. He pointed out that there are powerful lobbies for diesel and LPG subsidies, and even for exemptions of custom duties on gold imports. However, nobody is...