-Livemint.com India's fiscal architecture is undergoing a radical overhaul this budget season. On Tuesday, the NDA government accepted the Finance Commission's proposal to enhance tax devolution to states. This, coupled with efforts to rationalize and reduce centrally sponsored schemes (CSS) through the Chief Ministers sub-group of the NITI Aayog, and the repeated calls for cooperative federalism together suggest that decentralization to states is the new mantra. Missing from this rhetoric of decentralization...
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A move that can backfire: Why BJP should not rush the land bill -KumKum Dasgupta
-Hindustan Times The Narendra Modi government has decided to introduce the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill, 2015, in Lok Sabha today. The controversial Bill seeks approval of Parliament for changes brought in the law through an ordinance or emergency executive order in December 2014. The Bill will lapse on March 20, if it is not passed during this budget session that began...
More »Farmer deaths choking exchequer, UP eyes insurance firms to ease ‘burden’ -Mohd Faisal Fareed
-The Indian Express Lucknow: Having spent over Rs 1,100 crore from the state exchequer in the last two years to pay compensation to the kin of farmers who have committed suicide, the state government has now decided to rope in private insurance companies to streamline the scheme and share the burden. Till now, the state revenue department was paying Rs 5 lakh to the kin of each farmer who died of unnatural...
More »Modi government accepts Finance Commission recommendations, states to get 42% share in central taxes
-The Times of India NEW DELHI: The Modi government said on Tuesday that it has accepted the recommendation of Finance Commission to raise the share of states in central taxes to 42 per cent from current 32 per cent. As per the increased devolution suggested in the report of the 14th Finance Commission, the states will get Rs 3.48 lakh crore in 2014-15 and Rs 5.26 lakh crore in 2015-16. "The higher tax...
More »Rs. 200 Crore in Uttar Pradesh MP Funds. Not Even 1 Per Cent Spent So Far -Niha Masih
-NDTV Lucknow: Some of India's biggest politicians contested and won the Lok Sabha elections from Uttar Pradesh. But eight months later, they have not spent anything from their Local Area Development Fund (MPLAD). On the list of high-profile MPs from Uttar Pradesh who have spent not a rupee yet from their constituency funds are Prime Minister Narendra Modi, Home Minister Rajnath Singh, Congress President Sonia Gandhi, Congress Vice President Rahul Gandhi,...
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