The finance minister’s budget includes a big boost in spending on reducing malnutrition, clearly the priority among the social services programs of the Congress party-led government. Finance Minister Pranab Mukherjee said India will increase spending on malnutrition programs by 58% in fiscal 2012-13 to 158 billion rupees, or about $3 billion. Included in this new spending is a plan to reorganize the Integrated Child Development Services, the central government-led initiative that has...

As much as 5.3 per cent of the Union Budget for 2012-13 is Budget for Children (BfC) with an increase of 0.3 per cent since 2011-12. This must be set against the inflation rate of 6.6 per cent. The increase can be attributed to the increased allocation in the development sector by 66.2 per cent and health by 29.7 per cent. However, as always, the share of the protection sector remains...

The Economic Survey 2011-12 showcases the dividends of economic liberalisation started by the ruling party. But admits: growth is not possible without agriculture During the last financial year there were talks of the Indian economy finally decoupling from agriculture thus monsoon. The Economic Survey of 2011-12 disagrees with that. The survey has re-emphasised that whatever economic growth happened in the last fiscal it was due to agricultural growth. India recorded the...

West Bengal: The murder of two CPI(M) leaders in Bardhaman district points to an increase in political violence in the State. THE brutal murder of Pradip Tah, a former legislator belonging to the Communist Party of India (Marxist), or the CPI(M), and Kamal Gayen, another senior leader of the party, in broad daylight, allegedly by Trinamool Congress supporters, in West Bengal's Bardhaman district on February 22 once again points to an...

The common man, whose concerns were at the heart of the Congress-led United Progressive Alliance’s two successful election campaigns, doesn’t seem to be the focus of finance minister Pranab Mukherjee’s budget. Experts and political analysts say the aam admi doesn’t appear to be the dominant concern anymore, prompting speculation about Congress party chief Sonia Gandhi’s role. She has thus far been setting the UPA’s social agenda through the National Advisory Council...