Quite opposite to the top-down model of budgeting, the newly elected Aam Aadmi Party-led Government in Delhi has decided to go for a 'citizen-centric' budget planning at 'mohalla'-level for the fiscal year 2015-16. Drawing lessons from the success stories of participatory budgeting conducted at municipal-level in cities like Porto Alegre (Brazil), the AAP-led Delhi Government has decided to launch this form of decentralized budgeting on a pilot basis in a...

-PTI Mumbai: Seasonal spurt in vegetable prices next month could partly reverse the benefits of low global oil prices reducing inflation and increasing disposable incomes, the Reserve Bank of India (RBI) warned on Tuesday. "The sharp reduction in oil prices as well as in inflation is likely to increase personal disposable incomes and improve domestic demand conditions in the year ahead," the central bank said in its monetary policy document. Inflation, excluding food...

-The Asian Age The sharp and sudden collapse of international prices of crude oil brings significant short-term gains for the Indian economy. However, in the medium and long run, the fall in oil prices has ramifications that are far from positive for this country. The windfall gains that have accrued will provide temporary relief for finance minister Arun Jaitley and will enable him to meet the fiscal deficit target in the...

-The Hindu Kochi (Kerala): A day after the government declared its intention to crack down on sale of unsafe vegetables in the State, experts have called for realistic measures such as regular statutory sample collection and testing as well as steps to trace vegetables sold in the State to their origin. An official familiar with the developments on Tuesday said the test results cannot be obtained quick enough to prevent the sale...

-The Hindu Business Line   The Open Government Data initiative is gaining ground, but it needs to be in step with the Central Information Commission Open government data (OGD) is fashionable. Governments and public institutions in Europe and other parts of the globe are making increasing numbers of datasets available to the public by means of national, regional, local or thematic portals, in keeping with their political commitments towards open government and open...