-The Business Standard The economic logic - and political reasons - behind the giant shift of spending power to the states Interim Budgets are not supposed to do this. This is precisely what they are not supposed to do. They are not supposed to lay out a policy change so vast it disempowers the next central government. But that's what P Chidambaram has done - and it appears to have been...
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Major AAP govt schemes will continue, Lieutenant governor Najeeb Jung says
-The Times of India NEW DELHI: Major initiatives of the 49-day Kejriwal government may not get quietly buried under President's rule. Lieutenant governor Najeeb Jung has directed the chief secretary and departmental heads to honour and follow decisions taken by the former Aam Aadmi Party government. So, the anti-bribery helpline launched to combat corruption will remain a priority, said sources. The free water and power subsidy schemes will continue. The public grievances...
More »Punjab agriculture to suffer most due to climate change: expert
-The Hindustan Times Chandigarh: Agriculture in Punjab would witness an adverse effect due to the climate change in future. Predicting a steep rise in the average temperature during the coming decades, an agriculture expert said it would adversely affect the wheat and paddy crops. Prof PK Aggarwal from International Water Management Institute said the average rise in temperature during the past 100 years was 0.75 degree Celsius, which would be 1.5 to...
More »Budget 2014: Political move? UPA shifts power over huge spending to states
-The Times of India NEW DELHI: The next government at the Centre will have far less money to play with, thanks to something Chidambaram has done. He has transferred substantial control over spending on centrally-sponsored schemes such as employment guarantee and Sarva Shiksha Abhiyan to the states. In the coming year, the amount is Rs 3.4 lakh crore. State governments will be pleased. Political observers see it as a move to curry...
More »Vote-on-account not to disappoint on fiscal deficit-Vrishti Beniwal
-The Business Standard Chidambaram may announce higher fund allocation for the social sector, with focus on education, food, women and rural masses In his last Budget speech as finance minister in the UPA-II government, P Chidambaram will have a lot to say on Monday but much of it is likely to be high on intent and low on content. Ahead of the Lok Sabha elections, interim Budget 2014-15 is likely to be...
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