-The Hindu Business Line Claims that the economic gap in India is being bridged are not borne out by NSS data Recent accounts of poverty reduction - especially during 2004-11- triggered by the release of the 68th round of the NSS data, have been euphoric. Growth acceleration not just resulted in more rapid poverty reduction over this period than during 1993-2004 but it was also more inclusive as the most disadvantaged groups,...
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Finance, fertilizers and petroleum ministries to seek subsidy cuts-Sidhartha
-The Times of India NEW DELHI: A swathe of ministries - from finance to fertilizer and petroleum - are going to make a case for a reduction in subsidies before Narendra Modi, a move that will push up your monthly expenditure but is expected to help the government cut wasteful spending and revive investment. Sources said the three ministries are identifying subsidies as a key constraint in their presentations that secretaries will make...
More »Heading towards a cliff -Kundan Pandey
-Down to Earth As India elects new government, the 12th Five Year Plan may no longer be pro-poor MUCH hope is pinned on the 12th Five Year Plan that was declared as the first health Plan by Prime Minister Manmohan Singh. The United Progressive Alliance (UPA) government, while drafting the Plan, also termed it "pro-poor" and promised the maximum budget for social welfare schemes. But as the Plan comes into force this...
More »Officials shape plan to cut spending, deficit: Sources
-Reuters NEW DELHI: The finance ministry is working on a proposal for the new government to cut welfare spending and rein in the deficit in its first budget, to allay fears of fiscal slippage that would increase the risks of a sovereign credit downgrade, officials said. Two senior ministry officials told Reuters the plan would make it possible for Narendra Modi's incoming government to reduce the current year's fiscal deficit and...
More »Plan panel may lose sheen, turn into think-tank -Kumar Uttam
-The Hindustan Times The all-powerful Planning Commission may shrink, made more accountable, and forced to think long-term under the new government. Prime Minister-designate Narendra Modi is likely to dilute its over-arching financial powers and convert it into a developmental think-tank. Five Year Plans, the main mandate of the Planning Commission, may be scrapped. Instead, the panel may have to draft plans with 10-30 years on its horizon. The 12th Five Year Plan...
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