-The Economic Times NEW DELHI: The Centre has decided to extend its flagship rural jobs scheme to include afforestation as part of a move to create more durable assets through the programme that Prime Minister Narendra Modi recently derided as a living monument to the previous UPA government's failures and promised to overhaul. Officials said the National Mission for a Green India (GIM) and the Mahatma Gandhi National Rural Employment Guarantee Act...
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Driven to distress -R Krishnakumar
-Frontline Kerala is facing a situation where health care costs are leading more and more people, not just low-income families, to financial distress. KERALA is once again drawing attention to itself, this time for a persistent trend of a large number of households being pushed into financial ruin because of the expenses incurred for medical care. Several studies have now found evidence for the many facets of this worrying development in a...
More »Budget for huge increase in DBT -Puja Mehra
-The Indian Express Benefits of Rs.33,000 crore will flow every year to the accounts of beneficiaries The Union Budget 2015-16 proposes a 10-fold scaling up of direct benefit transfers (DBT) during the next financial year as a key expenditure control measure. The move is expected to lead to accurate targeting of beneficiaries, de-duplication, reduction of fraud and elimination of waste and leakage in public programmes and schemes. The total number of beneficiaries under 35...
More »The budget exposes the class bias of the Modi govt -Prasenjit Bose
-Hindustan Times Finance Minister Arun Jaitley's claims of already having achieved an economic turnaround, made in his budget speech, evoke suspicion. Inflation is certainly down and so is the current account deficit, but that has almost entirely to do with the crash in international crude oil prices, which have fallen from $110 per barrel in June 2014 to around $57 per barrel currently. In fact, rather than passing on the full...
More »Social spending cut first time in a decade
-Hindustan Times The government slashed plan expenditure by about 20% in the 2015-16 budget amid fiscal concerns, hitting spending on social sectors such as education and women's empowerment that were the focus areas of the previous UPA administration. In the 2014-15 budget, Arun Jaitley allocated Rs. 5,75,000 crore for plan expenditure, or money that goes towards creation of productive assets, but could spare only Rs. 4,65,277 crore this time. This is also...
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