-The Hindu Rural Development Minister asks Jaitley to release Rs. 5,000 crore more With the demand by States for the release of money under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to clear pending liabilities and dues getting more persistent, Rural Development Minister Birender Singh has written to Finance Minister Arun Jaitley, urging him to immediately release the additional Rs.5,000 crore as promised. “Since MGNREGS is a demand-driven wage employment programme...

-The Telegraph New Delhi: Nearly 18 million villagers registered under the rural job scheme face the prospect of toiling without wages as funds have dried up amid a drought-triggered surge in demand for work. Twelve states have run up "negative balances", meaning workers' payments are due, while the rest have exhausted 95 per cent of the funds released to them so far, according to the rural development ministry, which runs the Mahatma...

-The Hindu When the going gets tough, public investment must be stepped up to pump-prime a slow-moving economy facing uncertain headwinds of low commodity prices and faltering international trade. When the going is good, the private sector would also have a role to play, Finance Minister Arun Jaitley has said, vowing to ramp up infrastructure investments in 2016-17. Ten months ago, in his first Budget for a full financial year, Mr....

-Business Standard Allocation boost likely for schemes on agriculture, irrigation, rural roads In a move to boost rural consumption and alleviate distress in the hinterland, the government is likely to give an allocation push in Budget 2016 to programmes on irrigation, rural roads, soil health cards and agriculture. According to officials, the Union Budget for 2016-17 could see a significant increase in allocation to marquee programmes like the Pradhan Mantri Krishi Sinchai Yojana,...

-Business Standard Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the chief economic advisor (CEA) or that of the government? I see my role as a member of the government. I...