-Business Standard States will now have to spend from their pockets to keep their social-sector schemes going The 2015-16 Budget seems to have broken the contract between the Centre and the states on sharing the economic burden for delivering social security. The Centre's assistance to the states for social sector schemes has come down from a budgeted Rs 3.56 lakh crore in FY15 to Rs 2.20 lakh crore in FY16. Effectively, while the...

-The Indian Express The debate over the land acquisition bill is increasingly marked by political tone deafness and legislative hubris. The government has offered minor amendments. But most of them are designed to display its consistent ability to be too clever by half rather than its ability to address deep issues. The 2013 bill had been framed in the context of several issues. The now much-maligned Land Acquisition Act of 1894...

-Business Standard Amendments skip key controversial issues The National Democratic Alliance (NDA) has made nine amendments to its land Bill, tabled in Parliament on Monday. Most of these were cosmetic in nature, leaving the key elements of the original promulgation intact - the lack of need for consent and social impact assessment while acquiring land for private projects; public-private partnerships and government acquisitions. Rural Development Minister Chaudhary Birender Singh did move two amendments...

-The Times of India The Narendra Modi government appears to have continued where the Congress regime left off as far as welfare of Dalits and adivasis is concerned. Plan allocation for schemes under various ministries and departments that serve dalits and adivasis remains much below the targeted levels in the Union Budget for 2015-16. Total Plan allocation in the recently presented Union Budget is Rs 4.65 lakh crore. To ensure that Plan funds...

-The Indian Express By officially committing to inflation targeting through the signing of a monetary policy agreement between the finance ministry and the RBI, India has joined 28 other countries in explicitly fixing goals for annual increases in the consumer price index (CPI) and pinning responsibility on the central bank for achieving them. Interestingly, among the now 29 countries, India has the lowest per capita income. While there are as many as...