-The Hindu FM's Budget speech dwelt on agriculture, public investments in infrastructure, manufacturing and social sector spending. States to be equal partners in economic growth; move to making India cashless society; social sector programmes to continue. Some of the challenges mentioned by the Finance Minister are: poor agricultural income, decline in manufacturing ; and the need for fiscal discipline. Here are sector-wise highlights: TAXATION 1 Abolition of Wealth Tax. 2 Additional 2% surcharge for the super...
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States will have more spending freedom: CEA -Puja Mehra
-The Hindu Lauds Finance Commission recommendations for revenue share Chief Economic Adviser Arvind Subramanian said on Friday that calculations showed that the total transfers from the Centre to the States as a percentage of the divisible pool of its net tax revenue would remain nearly the same even after the acceptance of the 14th Finance Commission's recommendations. However, transfers from the Central government would no longer be scheme-and-grant-based, and it would rather be...
More »Rs. 200 Crore in Uttar Pradesh MP Funds. Not Even 1 Per Cent Spent So Far -Niha Masih
-NDTV Lucknow: Some of India's biggest politicians contested and won the Lok Sabha elections from Uttar Pradesh. But eight months later, they have not spent anything from their Local Area Development Fund (MPLAD). On the list of high-profile MPs from Uttar Pradesh who have spent not a rupee yet from their constituency funds are Prime Minister Narendra Modi, Home Minister Rajnath Singh, Congress President Sonia Gandhi, Congress Vice President Rahul Gandhi,...
More »Despite high maternal mortality, India records drop in fertility -Smriti Kak Ramachandran
-The Hindu Family planning programmes on the right track, feels Health Ministry India, which is unlikely to achieve the fifth Millennium Development Goals (MDG-5) of reducing maternal mortality to 109 per 1,00,000 live births by 2015, is however, confident of meeting the target for lowering the total fertility rate (TFR) by the end of the 12th Plan. A reduction in the TFR rates in nine of the 11 high-focus States has given Health...
More »Muslim population grows 24%, slower than previous decade -Bharti Jain
-The Times of India NEW DELHI: The latest census data on the population of religious groups, set to be released shortly, shows a 24% rise in the Muslim population between 2001 and 2011, with the community's share of total population rising from 13.4% to 14.2% over the 10-year period. While the growth rate of the Muslim population has slowed from around 29% between 1991 and 2001, it is still higher than the...
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