-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...
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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 »Unchanged by change: rural job limp -Pranesh Sarkar
-The Telegraph Calcutta: The amount of work Bengal has provided under the central 100-day-a-year scheme in 2013-14 is much less than the national average, latest data have shown, swivelling the spotlight on a trend continuing since the Left rule. Although providing work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is a focus area of the Mamata Banerjee government, Union rural development ministry data show that Bengal has given...
More »Govt Pegs Subsidy Bill Marginally Higher at Rs 2,46,397 Cr
-Outlook As government seeks to roll out the food law, Finance Minister P Chidambaram today sought to raise total subsidies on fuel, food and fertilisers marginally to over Rs 2.46 lakh crore in the 2014-15 fiscal. Government has increased the food subsidy by a whopping Rs 23,000 crore to Rs 1,15,000 crore for 2014-15 fiscal mainly for implementation of the National Food Security law. According to the interim Budget proposals, subsidy bill on...
More »Whose Forest is it Anyway?-Shirish Khare
-Tehelka In their struggle for forest rights, the Baigas of Madhya Pradesh have adopted a form of protest dating back to the 1930s, says Shirish Khare An idol placed under a banyan tree passes for a temple in Masna village in Mandla district of Madhya Pradesh. Surrounded by dense forests, the village is inhabited by the "primitive" Baiga tribe. "The government has taken over our land and enclosed it with barbed...
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