-Press Release Pension Parishad Pension Parishad members have decried the manner in which the UPA-II government is appeasing the credit rating agencies and captains of Finance and industry while ignoring millions of elderly and deprived people of their right to social security in this country New Delhi, 17 February 2014: Describing the Interim Budget for 2014-15 "as an absolute let-down", Nikhil Dey, speaking on behalf of the Pension...
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Government Cuts Plan Spending by Rs 79, 790 Crore
-Outlook The government today cut Rs 79,790 crore from the budgeted Plan expenditure of Rs 5,55,532 crore for the current financial year against the backdrop of a burgeoning fiscal deficit. The Interim Budget 2014-15, presented by Finance Minister P Chidambaram in Parliament, projected revised estimates of the Plan expenditure at Rs 4,75,532 crore for 2013-14. For the next financial year starting April 1, the government has kept the the Budget Estimates of Plan...
More »Spending on subsidies surged, education and health lagged during 10 years of UPA -Sidhartha
-The Times of India NEW DELHI: When Finance minister P Chidambaram presents his first interim budget on Monday, he is expected to devote a significant chunk of his speech - which may be between 12 and 18 pages - to UPA government's spending on social sector schemes, especially health, education and rural development. But what is probably going to slip through is the fact that these sectors actually witnessed a comparatively...
More »Vote-on-account not to disappoint on fiscal deficit-Vrishti Beniwal
-The Business Standard Chidambaram may announce higher fund allocation for the social sector, with focus on education, food, women and rural masses In his last Budget speech as Finance minister in the UPA-II government, P Chidambaram will have a lot to say on Monday but much of it is likely to be high on intent and low on content. Ahead of the Lok Sabha elections, interim Budget 2014-15 is likely to be...
More »Government to Borrow 25 Paise for Every Rupee
-Outlook For every rupee in government kitty, as much as one-fourth will come from market borrowing in 2014-15, lower than the current fiscal ending March 31. The government's dependence on debt has come down from 27 paise in the previous Budget to 25 paise in the coming year, reflecting ease of pressure on revenue collections. As per the proposals presented today by Finance Minister P Chidambaram in the interim Budget, net borrowings of...
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