The Budget provides proof of the United Progressive Alliance government having forgotten the importance of its own “flagship schemes”. BUDGET 2012-13 provides conclusive proof that the United Progressive Alliance (UPA) government has lost its way. It has managed the remarkable feat of upsetting almost everyone and making no one happy. The Budget is highly regressive in both taxation and spending terms and will raise prices of essentials, so aam aurat and...

The finance minister’s budget includes a big boost in spending on reducing malnutrition, clearly the priority among the social services programs of the Congress party-led government. Finance Minister Pranab Mukherjee said India will increase spending on malnutrition programs by 58% in fiscal 2012-13 to 158 billion rupees, or about $3 billion. Included in this new spending is a plan to reorganize the Integrated Child Development Services, the central government-led initiative that has...

As much as 5.3 per cent of the Union Budget for 2012-13 is Budget for Children (BfC) with an increase of 0.3 per cent since 2011-12. This must be set against the inflation rate of 6.6 per cent. The increase can be attributed to the increased allocation in the development sector by 66.2 per cent and health by 29.7 per cent. However, as always, the share of the protection sector remains...

-The Times of India Many feel the Budget is positive for the education sector, with good amounts allocated to higher education and school education exempted from service tax Pranab Mukherjee, finance minister, presented the Union Budget for the year 2012-13 on Friday, with reference to the state of the global economy and its impact on India. The Budget seems positive for the education sector, with good amounts allocated to higher education and...

The common man, whose concerns were at the heart of the Congress-led United Progressive Alliance’s two successful election campaigns, doesn’t seem to be the focus of finance minister Pranab Mukherjee’s budget. Experts and political analysts say the aam admi doesn’t appear to be the dominant concern anymore, prompting speculation about Congress party chief Sonia Gandhi’s role. She has thus far been setting the UPA’s social agenda through the National Advisory Council...