-FirstPost.com Preparation of budgets is traditionally an incremental process: the first railway budget of the present government took off from the landscape sketched in the 12th Five Year Plan. Expansion, modernisation and development of railway infrastructure were to be given thrust through 3Ps: Public-Private Partnerships. Budget 2016-17, however, promises a new horizon on two fronts: overcoming challenges through 3Rs: Reorganising, Restructuring and Rejuvenating Indian railways, and introducing pillars of strategy, including zero-based...

-Business Standard Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16 If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to 'Bounties...

-Business Standard Indian economy is closely integrated with the global economy, which is facing a slowdown, and so the headwinds are difficult to avoid, Chief Economic Advisor Arvind Subramanian told journalists in an interaction after presenting the Economic Survey 2015-16. In this uncertain environment, monetary and fiscal policies should aim to purchase insurance, so to speak, against the global slowdown, he said. Edited excerpts: * In the backdrop of a global slowdown,...

-The Hindu To liberate crores of children, transgenders and others trapped in human trafficking, beggary or any such forms of forced labour, the Union government has proposed a major revamp of the rehabilitation scheme for rescued Bonded workers, raising aid from the present Rs. 20,000 to Rs. 3 lakh. The government has finalised a proposal to institute a three-tier rehabilitation funding scheme, under which a rescued transgender or disabled person will get...

-The Hindu Economic agency is one of the most enabling elements to release women from oppression, violence and powerlessness. A Supreme Court Bench has once again proved that our judiciary can be the torchbearer of progressive attitudes towards women. In 2013, the Justice J.S. Verma Committee, while responding to the horrific December 16, 2012 gang rape in Delhi, prepared a report that drew from the observations of members of the women’s movement among...