After more than six months wait, HRD minister Kapil Sibal on Friday signed the file for the notification of the Right to Education Act, 2009, in the next few days and its implementation from April 1. Delay in working out the finances and funding pattern between the Centre and states were the reasons given by HRD ministry for sitting on the notification. But the funding pattern is yet to be...
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Rs 1 lakh crore budget funds go unspent each year by Pradeep Thakur
While the government is grappling with a huge fiscal deficit and hence large borrowings to fund key social sector schemes, staggering sums of up to Rs 1 lakh crore in a year out of the money allocated to various ministries remained unspent between 2005-06 and 2007-08. Unspent provisions of Rs 100 crore each or more alone totalled Rs 59,000 crore in these years, according to the Comptroller and Auditor General....
More »Inclusive growth: the missing ingredient in Bihar’s success story by Shireen Vakil Miller
Bihar has been in the news recently for recording an average growth rate of 11.3 per cent for the period between 2004 and 2009. Much has been written about the quality of governance and the improved state of roads. This is indeed commendable, and no mean achievement, for a State that had virtually become a “development outcast”. I was pleasantly surprised to note on a recent trip to Bihar the...
More »Prop for govt schemes
The government is likely to increase the plan allocation for government schemes by 15 per cent to Rs 3.73 lakh crore during 2010-11. Finance minister Pranab Mukherjee and Planning Commission deputy chairman Montek Singh Ahluwalia today held discussions on plan allocations amid demand for higher support from various ministries. Sources in the North Block said the finance ministry could agree to allocate a modest Rs 3.73 lakh crore of the gross budgetary...
More »Plan panel sees no large gains in budgetary support by Sangeeta Singh
The Planning Commission, the country’s apex planning body, is gradually reconciling to the fact that there would be no large gains in the gross budgetary support (GBS) in budget 2010-11, as the government struggles to reduce fiscal deficit. GBS is the money the Union government allocates to various government programmes through the Union budget. “The major objective of the finance ministry is to bring down the fiscal deficit from 6.8% of...
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