-The Hindu Move to push this year's expenditure to next fiscal is intended to keep the Fiscal Deficit within target The Finance Minister of the next government post-elections will have to pay the price for the United Progressive Alliance's (UPA) subsidy and social spend. The Finance Ministry plans to book in next financial year, 2014-15, the expenditure that will be incurred on subsidies during the remaining months of the current fiscal (January-March). ...
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Paradox of Poverty amid Plenty -Jaswant Kaur
-The New Indian Express Most people would have been shocked to read the year-end report that India has been ranked 63rd, much below countries like Pakistan, Bangladesh and Nepal, on the Global Hunger Index (GHI), a yardstick used by the International Food Policy Research Institute (IFPRI) to comprehensively measure global hunger. The index is calculated as an average of three indices-undernourishment, underweight children and low child mortality rate-and is measured on a...
More »Reading the expenditure leaf -Surabhi
-The Indian Express With just weeks before the Vote on Account to be tabled in Parliament the expenditure numbers of the government are looking challenging. The Fiscal Deficit has already touched 94 per cent of the full year target of Rs 5,42,499 crore between April- November 2013 and while the sluggish pace of revenue receipts is evident, movements in expenditure needs to be assessed carefully. Total expenditure has crossed Rs 10,00,000 crore mark...
More »Save the farmer -Devinder Sharma
-Deccan Herald Between 2005 and 2010, 140 lakh people were displaced from agriculture and 57 lakh jobs were lost in the manufacturing sector. With a bountiful monsoon and a record foodgrain production, agriculture is going to be the saviour of the Indian economy in 2013-14. At a time when there is an all around doom and gloom -- industrial output failing to keep pace, manufacturing sector refusing to look up, joblessness growing,...
More »'Savage' fund cut by Chidambaram's babus have Jairam seething -Subodh Varma
-The Times of India As the clock ticks towards the general elections in a few months time, a major crack appears to be opening up in the government. The mandarins of finance ministry - presumably with the sanction of finance minister P Chidambaram - have proposed huge cuts amounting to over Rs 20,000 crore in spending on popular flagship schemes like the employment guarantee scheme, the rural housing scheme, the village...
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