-The Hindu FM's Budget speech dwelt on agriculture, public investments in infrastructure, manufacturing and social sector spending. States to be equal partners in economic growth; move to making India cashless society; social sector programmes to continue. Some of the challenges mentioned by the Finance Minister are: poor agricultural income, decline in manufacturing ; and the need for fiscal discipline. Here are sector-wise highlights: TAXATION 1 Abolition of Wealth Tax. 2 Additional 2% surcharge for the super...

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...

-The Hindu The 14th Finance Commission, chaired by former Reserve Bank Governor Y.V. Reddy, has not submitted a unanimous report. Abhijit Sen, commission member, gave a dissent note to the report. The Modi government has not yet announced its decision on the report submitted to President Pranab Mukherjee's office in mid-December. Union Finance Minister Arun Jaitley did not table it in Parliament during the Winter Session. Mr. Jaitley is expected to present...

-Down to Earth Health experts blame Centre's over-emphasis on women's sterilisation for the Chhattisgarh tragedy THERE WAS nothing right about the sterilisation camp held on November 8 in Chhattisgarh's Takhatpur block of Bilaspur district. An overambitious government doctor-with unsterilised equipment and virtually no manpower-set out to conduct laparoscopic tubectomy on 83 women in an abandoned private hospital. The mass sterilisation led to the death of 13 women and left others critically ill. They were...

-Down to Earth Floods destroy standing crops; in July, hailstorm had damaged farms and orchards As floods washed away belongings of flood-affected people of Jammu and Kashmir, the Centre has intervened to ensure food availability to them. Union food and public distribution minister, Ram Vilas Paswan, has directed senior officials of Food Corporation of India (FCI) to camp at Srinagar and closely monitor the availability of food grains in the affected areas...