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...
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Pranab banks on indirect tax hike-Ashok Dasgupta
Token relief to individual taxpayers will cost the exchequer Rs. 4,500 crore In a “pragmatic and domestic growth-oriented” budgetary exercise aimed at shoring up investor confidence and investment, Union Finance Minister Pranab Mukherjee on Friday sought to tap indirect taxes, especially service tax, to rake in an additional Rs. 45,940 crore into his kitty. Presenting the budget for 2012-13 in Parliament, Mr. Mukherjee provided a token relief to individual taxpayers that will cost...
More »Notice to St Joseph’s School for violating RTE
-The Times of India A prominent private school in the city was found conducting admission tests of students of class I on Thursday for allegedly violating the Right to Education (RTE) Act. Acting on the orders of the District Education Officer (DEO) and the intervention of the District Project Coordinator (DPC), the written exam was cancelled and a notice was served to the school for the same. On Thursday, St Joesph's Co-ed...
More »Economic Survey 2012: Minimum farm growth needed for inclusive growth and development of rural areas-Nidhi Nath Srinivas
The Economic Survey has warned that more than half the population is dependent on a sector whose share in the economy is shrinking, leading to a bigger urban-rural divide and threatening national food security. "Achieving minimum agricultural growth is a prerequisite for inclusive growth, reduction of poverty levels, development of the rural economy and enhancing of farm incomes," the Survey has said. But it offers no path-breaking solutions on how to meet...
More »Budget 2012: Over 21% hike in Right to Education funds
-IANS Finance Minister Pranab Mukherjee Friday announced a hike of over 21 per cent in the budget allocation for providing free and compulsory education to children below 14 years. "I proposed an increase in allocation by 21.7 per cent for RTE ( Right to Education) -Sarva Shiksha Abhiyan to Rs.25,555 crore," Mukherjee said in parliament. The Sarva Shiksha Abhiyan is implemented in partnership with state governments and covers nearly 192 million children across...
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