-The Times of India NEW DELHI: The UPA government is expected to announce a minor increase in the outlays for social sector schemes, while leaving the overall Plan expenditure for 2014-15 around the same level as the Budget Estimates for the current fiscal. In what may be seen as shunning populism for a more pragmatic fiscal plan, finance minister P Chidambaram is in fact expected to penalize several poor performers, who...
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Pan masala, gutka to cost more as govt raises duty
-The Times of India NEW DELHI: Pan masala, gutka and several other tobacco products that are sold in pouches are set to get expensive as the government on Monday increased excise duty in a last-ditch effort to boost revenues. A statement issued by the finance ministry did not specify the extent of increase in excise but said the levy will now be linked to the capacity of production, which has increased due...
More »Unkept promise -TK Rajalakshmi
-Frontline The tussle within some Central government Ministries over proposed cuts in the budget for rural development schemes has affected a promise made to senior citizens. THEIR wizened faces said it all. Though there was disappointment, there was also a glimmer of hope that their trek to the national capital would not go in vain. For almost a month, senior citizens, most of them poor, had been pouring into New Delhi from...
More »‘Convenient accounting’ of subsidies to hit new Govt-Puja Mehra
-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). ...
More »PlanCom begins process of finalising annual Plan-Sanjeeb Mukherjee
-The Business Standard Plan panel may skip annual meet with CMs in view of polls With general elections only a few months away, Planning Commission Deputy Chairman Montek Singh Ahluwalia might skip the customary one-to-one meetings with some chief ministers, while finalising the annual Plans for states, for 2014-15. According to a senior official, chief ministers usually avoid coming personally to discuss their annual plan ahead of a general election. The commission has...
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