-The Indian Express The forthcoming Budget is expected by some to be make-or-break or path-breaking, by others, to provide a legislative or economic roadmap for the rest of this government's term. Most likely, it will focus on issues within the purview of the finance ministry, namely, macro management, taxation, expenditure, the financial sector and balance of payments. The abolition of the Planning Commission and the 14th Finance Commission recommendations on tax devolution...
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Forget Union Budget, track state Budgets now -Richard Mahapatra
-Down to Earth States, already flush with cash surplus of Rs 1.6 lakh crore, will get significantly raised share from the central taxes. Along with this financial devolution, the Central government is also going to devolve the responsibility of planning and implementation of centrally sponsored schemes to states in the coming Budget. This makes state Budgets the key instruments of gauging the social sector Just four days before the Union Budget, the...
More »States will have more spending freedom: CEA -Puja Mehra
-The Hindu Lauds Finance Commission recommendations for revenue share Chief Economic Adviser Arvind Subramanian said on Friday that calculations showed that the total transfers from the Centre to the States as a percentage of the divisible pool of its net tax revenue would remain nearly the same even after the acceptance of the 14th Finance Commission's recommendations. However, transfers from the Central government would no longer be scheme-and-grant-based, and it would rather be...
More »Govt doesn’t allocate plan outlays for dalits, adivasis -Subodh Varma
-The Times of India NEW DELHI: All governments till now, including the present one, have promised that they will do their utmost to uplift dalits and adivasis who make up about 24% of India's population and generally occupy the lowest rung of the social and economic hierarchy. One way of fulfilling this eternal promise has been the system of specially earmarking funds from the Five Year Plan outlays for dalits and...
More »Goa's Mining Logjam -Pamela D’Mello
-Economic and Political Weekly The stage is all set for the resumption of iron ore mining in Goa after it was suspended in the state in 2012, to curb its indiscriminate and illegal mining. The Goa government's decision to renew the mining leases comes at a time when the economics of iron ore mining have changed and environmental concerns have gained more prominence. Pamela D'Mello (dmello.pamela@gmail.com) is a Goa-based journalist. The state government...
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