The India Country Report 2015 on Millennium Development Goals (MDGs) comes at a time when the Union Budget 2015-16 allegedly cut expenditure on several social sector schemes and programmes. This year's MDG country report says that India will fail to achieve two important targets pertaining to reducing hunger and maternal mortality by 2015, among others. Released by the Ministry of Statistics and Programme Implementation (MoSPI), the report says that India is...

-The Indian Express Unused priority sector lending funds of commercial banks will be used to set up the Rs 20,000 crore corpus of the proposed MUDRA Bank. The bank will use at least 65 per cent of its funds for lending to micro enterprises run by members of scheduled castes and tribes. Typically, domestic commercial banks deposit their lending shortfall from priority sector to the Rural Infrastructure Development Fund of the NABARD...

-Hindustan Times Massive budget cuts in the education sector in the 2015-16 Budget got activists and NGOs working in the sector worried. The outlay for programmes such as the Integrated Child Development Services (ICDS) scheme, National Nutrition Mission, Rashtriya Madhayamik Shiksha Abhiyaan (RMSA) and mid-day meal scheme have seen significant cuts. The allocation for ICDS Scheme has been reduced from Rs 18,195 crore in 2014-15 budget estimates to Rs 8,335.8 crore in...

-The Hindu Nine amendments have been adopted. The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill, 2015, popularly known as the land bill, was adopted by the Lok Sabha after debating it for two days. Congress and Biju Janata Dal walked out ahead of the voting, to protest the removal of a clause that makes it mandatory to get farmers' consent prior to the acquisition of land...

-The Hindu Bengaluru: Acceptance of the 14th Finance Commission's recommendations by the Union government is likely to cost the State dear, particularly in implementation of Centrally sponsored schemes. Karnataka is expected to feel the pinch despite higher allocation in the form of its share from Central taxes. The hike in the Central pool of taxes is likely to be nullified with reduction in allocations proposed in the Union Budget for 2015-16 for...