-The Asian Age Sonia Gandhi’s economic and political ideology may have apparently triumphed over that of Manmohan Singh. The neo-liberal finance minister Palaniappan Chidambaram may be conveying an impression that he’s turned socialist with a vengeance by increasing taxes on the rich in the run-up to the 16th general elections. But the truth is that Mr Chidambaram has made certain assumptions about subsidies, inflation and the expected growth of gross domestic product...
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A bigger helping for food Bill
-The Business Standard FM allocates Rs 10,000 cr to implement the programme; this is apart from the usual food subsidy requirement of Rs 80,000 cr for the year The most ambitious social security programme of the government, the National Food Security Bill, got a leg-up in the 2013-14 Budget, with Finance Minister P Chidambaram allocating Rs 10,000 crore for implementing it. This allocation is over and above the usual food subsidy requirement of...
More »Budget 2013: Rs 150 crore for development projects in Kudankulam
-PTI The protest-hit Kudankulam town, where two 1,000 MW nuclear reactors are at an advanced stage of commissioning, was on Thursday allocated Rs 150 crore for carrying out various development works. Finance Minister P Chidambaram made the allocation for 'Neighbourhood Development Project (in Kudankulam)' in the Union Budget. The amount has been set aside 'to provide relief and rehabilitation to project affected people of Kudankulam area in Tamil Nadu', the budget documents stated. The...
More »Budget Is a Clever Attempt to Mislead Public: AAP
-Outlook Aam Aadmi Party today alleged that the Budget presented by Finance Minister P Chidambaram was a "clever attempt to mislead" public ahead of elections as it offered little remedy for the key problems facing the Indian economy. In a statement, the party claimed that the common man has reasons to feel "disappointed, if not cheated" with the Budget. "The Union Budget presented by the Finance Minister is a clever attempt to mislead...
More »Budget 2013: Why the Nirbhaya fund is not what the Indian woman needs
-First Post While Finance Minister P Chidambaram played the knight in the shining armour role to the hilt, going all out to woo the Indian woman – with an all-woman bank, the ‘Nirbhaya’ fund and an empathetic lecture on the girl child- after the shock value wears out, we are only left with measures which at best might only scrape the tip of the iceberg that is women’s development and security...
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