-The Hindu “The purpose of a Budget – and the job of a Finance Minister,” P. Chidambaram declared in his speech, “is to create the economic space and find the resources to achieve the socio economic objectives.” Now that the presentation of and the spate of initial responses to the budget are behind us, it may be appropriate to ask how far the Minister went in accomplishing his self-defined task. Mr. Chidambaram...
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Ramesh Promises Corrective Measures on Poor Spending
-Outlook Rural Development Ministry could spend only Rs 55,000 crore out of the budget estimate of Rs 75,000 crore for its various flagship programmes in the current fiscal and Minister Jairam Ramesh says he owns responsibility for it. Despite the poor spending, Finance Minister P Chidambaram today allocated Rs 80,000 crore to the key social sector Ministry in this year's budget. Ramesh blamed "serious administrative weaknesses in the poorest states of India"-- Bihar,...
More »Budget 2013: UIDAI's plan spending doubled to Rs 2,620 cr in 2013-14
-PTI The Plan spending of the Unique Identification Authority of India (UIDAI), responsible for issuing Aadhaar numbers to residents, has been almost doubled to Rs 2,620 crore in 2013-14 from the revised estimates in the current fiscal. The authority's revised estimates of Plan expenditure in the current fiscal stands at Rs 1,350 crore compared to the budget estimates of Rs 1,758 crore. The actual Plan expenditure of the authority was 1,187.53 crore in...
More »A walk on the wild side
-The Economist Government borrowing generates inflation, widens the external deficit and crowds out much-needed investment. Can India now overcome its debt addiction? INDIA has grappled with its public finances for long enough. When presenting its first budget after independence in 1947, the finance minister of the day insisted that the country was not living beyond its means. Yet every budget since has failed to produce a surplus. India borrows more heavily...
More »The kids aren’t really all right -Puja Marwaha
-The Hindustan Times Children represent not only India’s future, but are also integral to securing India’s present. Yet, development indicators continue to show slow progress towards securing their welfare and delivering their basic rights. The very survival of over a million newborns in the country every year continues to be at risk. Prospects for girls in particular are getting grimmer, with successive Census figures revealing a declining sex ratio. About 44%...
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