-Centre for Budget and Governance Accountability (CBGA) Press Release   New Delhi: The direction indicated by the Finance Minister's Budget Speech in general and that of the taxation policies in particular indicate a quantum leap being taken towards market fundamentalism. In the absence of any increase in the overall spending capacity of the government (Centre and States combined), the steps for fiscal decentralization (from Centre to States) have been constrained, implying only...

-The Indian Express The forthcoming budget is expected by some to be make-or-break or path-breaking, by others, to provide a legislative or economic roadmap for the rest of this government's term. Most likely, it will focus on issues within the purview of the finance ministry, namely, macro management, taxation, expenditure, the financial sector and balance of payments. The abolition of the Planning Commission and the 14th Finance Commission recommendations on tax devolution...

-Press Information Bureau/ Ministry of Finance The plan outlay of 2015-16 reflects the compositional shift in the allocations for various Programmes and Schemes in view of high devolution; 42% of Union Taxes, to States as per the recommendation of 14th Finance Commission. Making his Budget Speech while presenting the General Budget 2015-16, the Finance Minister, Shri Arun Jaitley said that consequent to this substantially higher devolution, many schemes on the State...

-Tehelka National Health Policy 2015 draft could end up being a paper tiger Successive governments since the reforms of 1991 have been criticised for low funding on health, lowest in the world. Nearly one percent of India's gross domestic product (GDP) is spent each year on public health. But the new government has pledged to turn the tide around by increasing government spending to 2.5 percent of GDP in the draft health...

-The Hindu Allocation has remained same since 2007. Social sector spending has flatlined over the past few years, and massive spending expansions are required to keep Prime Minister Narendra Modi's key promises, Budget data show. Social sector spending - expenditure on health, education, water supply, sanitation and housing among others - has doubled over the past 10 years as a proportion of the Union government's total expenditure. But the big expansion came between...