-The Business Standard   Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed ‘coalition politics and federal considerations’ for holding...

Budget 2012 has further validated the existence of the Unique Identification Authority of India, whose identity was under question barely six months ago, by giving it more money and responsibilities to shape the government's technological interventions. The government has allocated the UIDAI Rs 1,758 crore from the Budget in 2012-13, a year-on-year increase of 47%, primarily to increase enrolments of Indians for unique IDs to 600 million, from 200 million.  A...

Finance minister Pranab Mukherjee ushered in a regime of cash Transfers for the payment of subsidies for food, fertilizers and kerosene, along with social welfare payments, by accepting the recommendations of a panel headed by Nandan Nilekani, chairman of the Unique Identification Authority of India. The recommendations, submitted last month, had prepared a blueprint for Transferring cash directly into the bank accounts of the beneficiaries by linking these to their unique...

Most of us don’t even get a single shot at making history — Manmohan Singh has a second chance The fiscal deficit is an outcome, not a policy. It is the net resolution of the policies pertaining to taxes and expenditure. It is worth analysing separately the two components of the deficit. The table reports the results of relating the tax and expenditure share of GDP to per capita income for...

-The Hindu In what is regarded as a major administrative move, the Planning Commission has cleared the Transfer of the Pradhan Mantri Adarsh Gram Yojana(PMAGY) to the Ministry of Rural Development (MoRD) from the Ministry of Social Justice and Empowerment. Planning Commission Deputy Chairman Montek Singh Ahluwalia has conveyed the in principle approval of Transfer of the scheme to Rural Development Minister Jairam Ramesh saying that the PMAGY had a synergy with...