-The Times of India NEW DELHI: The next government at the Centre will have far less money to play with, thanks to something Chidambaram has done. He has transferred substantial control over spending on centrally-sponsored schemes such as employment guarantee and Sarva Shiksha Abhiyan to the states. In the coming year, the amount is Rs 3.4 lakh crore. State governments will be pleased. Political observers see it as a move to curry...
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Spending on subsidies surged, education and health lagged during 10 years of UPA -Sidhartha
-The Times of India NEW DELHI: When finance minister P Chidambaram presents his first interim budget on Monday, he is expected to devote a significant chunk of his speech - which may be between 12 and 18 pages - to UPA government's spending on social sector schemes, especially health, education and rural development. But what is probably going to slip through is the fact that these sectors actually witnessed a comparatively...
More »Government Cuts Plan Spending by Rs 79, 790 Crore
-Outlook The government today cut Rs 79,790 crore from the budgeted Plan expenditure of Rs 5,55,532 crore for the current financial year against the backdrop of a burgeoning fiscal deficit. The Interim Budget 2014-15, presented by Finance Minister P Chidambaram in Parliament, projected revised estimates of the Plan expenditure at Rs 4,75,532 crore for 2013-14. For the next financial year starting April 1, the government has kept the the Budget Estimates of Plan...
More »FM to shun populism, bat for fiscal prudence -Mahendra Kumar Singh
-The Times of India NEW DELHI: The UPA government is expected to announce a minor increase in the outlays for social sector schemes, while leaving the overall Plan expenditure for 2014-15 around the same level as the Budget estimates for the current fiscal. In what may be seen as shunning populism for a more pragmatic fiscal plan, finance minister P Chidambaram is in fact expected to penalize several poor performers, who...
More »A retrograde and incoherent law -Amita Dhanda
-The Hindu The disability sector is torn between rejecting the Bill outright and assembling a few non-negotiables to have the Bill passed by the Lok Sabha After inter-governmental consultation and scrutiny by the Ministry of Law, the Rights of Persons with Disabilities Bill, 2013 stands approved by the Union Cabinet. What has the Cabinet approved? Is it the same legislation formulated by a joint committee of civil society, States and Union Ministries...
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