-The Hindu The government's first full year budget is an excellent chance to recognise missed opportunities and take corrective action with regard to investing in addressing gender inequality The coming Union budget is significant for at least two reasons: first, this will be the new government's maiden full year budget. Second, with the NITI Aayog replacing the Planning Commission, the government is likely to abolish the distinction between plan and non-plan budgets. This...
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Social schemes to get fiscal eye
-Business Standard Financial position, spending capacity to play a big role, say sources The government might take a hard view on several social sector schemes, including the Prime Minister's pet projects of Digital India and Pradhan Mantri Krishi Sinchaee Yojana in the coming Budget for 2015-16. These might get a renewed thrust but perhaps not in the form of a significant increase in Plan allocation. New ways in which funds will be raised...
More »Social spending cut: Rural job scheme, SSA in focus -Ruhi Tewari
-The Financial Express As cuts in social sector spending in the forthcoming Union Budget are widely anticipated, the focus will be on two of the biggest flagship schemes - the Mahatma Gandhi National Rural Employment Guarantee Act and the Sarva Siksha Abhiyan, both with individually high budget allocations. MGNREGA, launched by the Congress-led UPA government in 2006, has been in the midst of controversy this year, with the NDA government being accused...
More »A budget to transform -Pulapre Balakrishnan
-The Hindu In the present state of the economy, when there is excess capacity in manufacturing, adequate stocks of foodgrain and the inflation rate is trending downwards, there is an opportune moment for a public investment-centred fiscal expansion Over the past eight months, the government has issued some strong statements on the economy and taken some bold steps aimed at transforming it. As it prepares to present its first real budget we...
More »Arun Jaitley hints at more spending cuts ahead of Union Budget
-PTI Having already crossed the fiscal deficit target in November, Finance Minister Arun Jaitley on Friday hinted at more cuts in spending so as to contain it within limits for the current fiscal, saying he does not believe in living on borrowed money. "We're trying to rationalise expenditure as far as the government is concerned because we do not want the government to live on borrowed money indefinitely," he told a gathering...
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