-The World Bank A World Bank study shows creating productive assets can help make MGNREGS cost effective New Delhi– The Indian economy has turned the corner, says the latest India Development Update of the World Bank. Aided by a supportive external environment, in particular the sharp decline in oil and commodity prices, the Indian economy has taken strong strides towards higher growth and enhanced stability. Growth has accelerated, inflation has declined, the...
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Revamping public procurement -Mukul G Asher, Tarun Sharma & Shahana Sheikh
-The Hindu A properly designed and implemented procurement law is long overdue. It can improve financial management, and bring large financial and governance benefits Finance Minister Arun Jaitley’s 2015-16 budget speech signalled the government’s commitment to formally legalise India’s public procurement system as a part of its continuing reforms in public financial management. Following this, the Ministry of Finance is seeking suggestions to refine the Public Procurement Bill of 2012, introduced by...
More »Lack of Clarity and Vision in New Mines and Minerals Act -EAS Sarma
-Economic and Political Weekly Much has been claimed on behalf of the Mines and Minerals (Development and Regulation) Amendment Act that has been enacted by Parliament, but the legislation has introduced a watered-down version of auctions, has many exceptions to legalise the old first-cum-firstserve approach, and ignores previous Supreme Court rulings on measures to ensure sustainable development. E A S Sarma (eassarma@gmail.com) is a former Union Power Secretary. With a brute majority in...
More »Public funds to push neoliberal agenda -CP Chandrasekhar
-Frontline.in The Modi government has apparently realised that the private sector is not up to the task of driving growth. It hopes to fund its neoliberal dream of India becoming the fastest-growing emerging market through a combination of off-Budget borrowing and drastic expenditure reduction in key social sectors. IT will soon be a year since the National Democratic Alliance (NDA) government under Prime Minister Narendra Modi took office at the Centre....
More »AAP budget paves way for subsidies, curbs spending
-The Times of India NEW DELHI: Promising to bring a full budget with plans and schemes based on public suggestions around May, the Aam Aadmi Party government on Tuesday sought a vote on account for three months on the total budget estimates of Rs 37,750 crore for 2015-16. Voting will be done on Wednesday. A larger non-plan outlay of Rs 21,500 crore and a smaller plan size of Rs 15,350 crore...
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