-Outlook The CPI(M) today castigated the government for foregoing over Rs 5.73 lakh crore as tax revenues by granting tax concessions to the rich, saying the amount was Rs 53,000 crore more than the fiscal deficit. "The budget proposals will further enrich the rich and impoverish the poor," senior CPI(M) leader Sitaram Yechury told reporters while reacting to the 2013-14 Budget. Quoting data presented in the budget, he said the aggregated revenue foregone...
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Aadhaar must be basis for direct benefit transfers: Ashok Khemka
-The Economic Times The Direct Benefits Transfer (DBT) scheme commenced with the initial rollout in 20 districts covering seven scholarship schemes. Another 23 districts will be covered by March this year. The intention is to link all government benefits to Aadhaar-based identification of beneficiaries and to channelise the cash benefits through Aadhaar-enabled bank accounts. Irrespective of the merits of translating some benefits delivered in kind like in PDS into their cash-equivalent, for...
More »'Food bill to cost 2.38L cr/yr'-Subodh Varma
-The Times of India How much would it cost the central government to provide grain to the whole country at affordable prices? A calculation by the Delhi-based advocacy group Centre for Budget & Governance Accountability (CBGA) puts the figure at Rs 2,38,471 crore for one year. In the current financial year (2012-13), the Centre spent Rs 75,366 crore on the food subsidy, that is, about 0.74% of the gross domestic product....
More »Rabi acreage falls to a three-year low at 29.3 lakh hectare-Keyur Dhandeo
-The Economic Times AHMEDABAD: Insufficient rains during Monsoon has dropped Rabi acreage to a three year low of 29.3 lakh hectare, reveal state government data. The sowing is about 18% lesser than 37.35 lakh hectare in the previous Rabi season. This is second year in succession that winter sowing has declined. The kharif acreage in 2012 had also dropped by 7% to 81.71 lakh hectare because of rains that were about 27%...
More »On the waterfront -Anil Sasi
-The Indian Express The national water framework law proposed by the Union government could not be more timely. Even as the onerous task of persuading state governments to accept the idea remains unfinished, the proposed framework, as an overarching statement of general principles that lays down the broad contours within which the Centre, the states and the local bodies can exercise their respective powers on exploiting water, is a comprehensive step...
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