-The Economic Times BENGALURU: As the central government devolves more fiscal freedom to the states, they seem to be cutting allocations to social sectors, especially agriculture and allied areas in response, according to the initial findings of a study. The Narendra Modi administration wants to empower states further as part of a push toward cooperative federalism. Finance Minister Arun Jaitley's February budget cut allocations to the states by more than half in...
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Social Sector Spending in 2015-16
-Economic and Political Weekly The states now have an opportunity to set their own priorities in the social sector. In the constitutional scheme of things, it is the states rather than the centre which bear the larger responsibility for social sector spending. Indeed, the states already account for as much as 80% of total outlays in the area. But central government intervention in the form of establishment of and funding for certain...
More »Rs 37000 crore for NE states -Andrew W Lyngdoh
-The Telegraph Shillong: The Centre has released more than Rs 37,000 crore to all the states as the first instalment of devolution according to the 14th Finance Commission recommendations. From among the northeastern states, in the first instalment released for the financial year 2015-16, Assam will receive Rs 1,242.76 crore, Arunachal Pradesh Rs 516.48 crore, Manipur Rs 231.27 crore, Meghalaya Rs 240.75, Mizoram Rs 172.40 crore, Nagaland Rs 186.68 crore, Tripura Rs...
More »The developing story -Sukumar Muralidharan
-The Hindu Business Line Will the growth-versus-distribution debate finally be settled in favour of the former? There are few areas of settled concord in economic theory. That the dynamic of power is often determinant in the limited enclaves of consent has been evident in recent times in the growth-versus-distribution debate. Residual doubts about the tilt of current policy were laid to rest with the Economic Survey for 2014-15. In this assessment of the...
More »How the Budget short-changed states' social security schemes -Nitin Sethi & Ishan Bakshi
-Business Standard States will now have to spend from their pockets to keep their social-sector schemes going The 2015-16 Budget seems to have broken the contract between the Centre and the states on sharing the economic burden for delivering social security. The Centre's assistance to the states for social sector schemes has come down from a budgeted Rs 3.56 lakh crore in FY15 to Rs 2.20 lakh crore in FY16. Effectively, while the...
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