-The Indian Express The finance minister plans to scrap the supply of subsidised kerosene through the public distribution system (PDS) and high time, too. To begin with, why has the kerosene subsidy needed reform for decades and yet reform never materialised? Kerosene obtained through the PDS, being cheaper, is used to adulterate diesel and petrol. Kerosene leakages in the PDS are estimated to be 40 per cent of total allocations. The diversion...
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NITI Aayog may not scrap UPA's 12th Plan -Sanjeeb Mukherjee
-Business Standard Likely to carry out mid-term appraisal; states could continue with annual Plans Contrary to popular belief, the National Democratic Alliance government may not scrap the 12th five-year Plan (2012-13 to 2016-17) formulated by the United Progressive Alliance (UPA) government. Instead, it may carry out a course correction, in consultation with ministries and state governments. A model for such a structured rectification would be firmed up at the first governing council meeting...
More »Rs.98,679 cr. for priority sector lending in AP
-The Hindu Hyderabad: The credit plan estimate for 2015-16 for priority sector lending in Andhra Pradesh has been put at Rs.98,679 crore by the National Bank for Agriculture and Rural Development, 27 per cent higher than State's credit plan for 2014-15. The plan estimate was unveiled here on Thursday at a State Credit Seminar, which was attended by Chief Minister N. Chandrababu Naidu, Agriculture Minister P. Pulla Rao and Chief Secretary I.Y.R....
More »India's rural employment programme is dying a death of funding cuts -Jayati Ghosh
-The Guardian After a decade of success, the landmark scheme is being starved of money by a central government seemingly intent on reining in rural wage Growth Ten years ago this week, the Indian parliament unanimously passed the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). It was a historic legislation based on two interlinked goals: ensuring livelihood security to rural residents by providing at least 100 days of guaranteed wage employment...
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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