This is a budget crafted for, and perhaps by, the corporate farmer and agribusiness. The real heroes of India's success story were our farmers. Through their hard work, they ensured “food security” for the country.— Pranab Mukherjee, interim budget speech Feb. 16, 2009 This Budget belongs to 'Aam Aadmi'. It belongs to the farmer, the agriculturist, the entrepreneur and the investor. — Pranab Mukherjee, budget speech, Feb. 26, 2010 Gee! Another pro-farmer budget....
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Salary of below Rs 6000 a month is set to be new definition of urban poor by Smita Aggarwal
The government is likely to raise the income threshold to define the economically weaker section (EWS) to about Rs 6,000 a month from the current Rs 3,300 a month. This will increase EWS numbers by almost 40 per cent. The EWS population benefits from government housing schemes and gets softer interest rates on housing loans from state-owned banks. The move to hike the threshold is based on an internal report...
More »Rs 1 lakh crore budget funds go unspent each year by Pradeep Thakur
While the government is grappling with a huge fiscal deficit and hence large borrowings to fund key social sector schemes, staggering sums of up to Rs 1 lakh crore in a year out of the money allocated to various ministries remained unspent between 2005-06 and 2007-08. Unspent provisions of Rs 100 crore each or more alone totalled Rs 59,000 crore in these years, according to the Comptroller and Auditor General....
More »The unsettled debate on Indian poverty by R Ramakumar
The Tendulkar Committee has pitched for a policy position that is stranded between the harsh realities of poverty and a fiscally conservative neo-liberal framework. The debate on the extent of poverty in India has been a matter of global interest in the recent years. The primary reason for the global interest in the debate is that the levels of poverty in India and China have come to exert significant influence...
More »Rural India poorer than estimated: Tendulkar Panel
It is official now that the poverty in India is much more than earlier estimated. The Suresh Tendulkar Committee report submitted this month (December 09) estimates poverty in India at over 37 per cent (2004-5) and not at 28 per cent as calculated earlier. With recent price rise in food items factored, the current level could be even higher (See the link of the report below). The Government of India had...
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