-The Times of India NEW DELHI: Promising to bring a full budget with plans and schemes based on public suggestions around May, the Aam Aadmi Party government on Tuesday sought a vote on account for three months on the total budget estimates of Rs 37,750 crore for 2015-16. Voting will be done on Wednesday. A larger non-plan outlay of Rs 21,500 crore and a smaller plan size of Rs 15,350 crore...
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Mission for Green India, MGNREGA will converge to facilitate afforestation on 10 million hectares of land -Yogima Sharma
-The Economic Times NEW DELHI: The Centre has decided to extend its flagship rural jobs scheme to include afforestation as part of a move to create more durable assets through the programme that Prime Minister Narendra Modi recently derided as a living monument to the previous UPA government's failures and promised to overhaul. Officials said the National Mission for a Green India (GIM) and the Mahatma Gandhi National Rural Employment Guarantee Act...
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 »Budget 2015-16 takes a leap towards market fundamentalism: CBGA
-Centre for Budget and Governance Accountability (CBGA) Press Release New Delhi: The direction indicated by the Finance Minister's Budget Speech in general and that of the taxation policies in particular indicate a quantum leap being taken towards market fundamentalism. In the absence of any increase in the overall spending capacity of the government (Centre and States combined), the steps for fiscal decentralization (from Centre to States) have been constrained, implying only...
More »8 Centrally Sponsored Schemes Delinked from Support of the Centre
-Press Information Bureau/ Ministry of Finance The plan outlay of 2015-16 reflects the compositional shift in the allocations for various Programmes and Schemes in view of high devolution; 42% of Union Taxes, to States as per the recommendation of 14th Finance Commission. Making his Budget Speech while presenting the General Budget 2015-16, the Finance Minister, Shri Arun Jaitley said that consequent to this substantially higher devolution, many schemes on the State...
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