-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...

-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...

-The Hindu FM's Budget speech dwelt on agriculture, public investments in infrastructure, manufacturing and social sector spending. States to be equal partners in economic growth; move to making India cashless society; social sector programmes to continue. Some of the challenges mentioned by the Finance Minister are: poor agricultural income, decline in manufacturing ; and the need for fiscal discipline. Here are sector-wise highlights: TAXATION 1 Abolition of Wealth Tax. 2 Additional 2% surcharge for the super...

-Economic and Political Weekly   Amendments proposed by the previous Congress-led union government to the Panchayat (Extension to Scheduled Areas) Act 1996 had the potential of improving upon this progressive legislation. Unfortunately, with its successor pursuing different priorities, the possibility of the amendments being passed remains rather low. Kamal Nayan Choubey (kamalnayanchoubey@gmail.com) is with the Nehru Memorial Museum and Library, New Delhi. A bill for an amendment to the Panchayat (Extension to Scheduled Areas)...

-The Telegraph New Delhi: The Centre is likely to make key changes to the land acquisition ordinance in the face of gathering protests from multiple flanks and a nudge by Swadeshi affiliates. A clause that expanded the list of projects exempted from prior consent of affected families and a social impact assessment is expected to be done away with, said sources privy to discussions that have been going on through the week. The...