Source: PTI/IANS The World Bank has announced $4.3 billion in financial aid to India through a new innovative and flexible financing arrangement to help the country fight poverty. The arrangement, while facilitating a $4.3 billion increase in support to India, is designed to maintain International Bank for Reconstruction and Development's -- which is its lending arm -- net exposure within the limit of $17.5 billion established by it. In a statement, the World...

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...

Free uniform and notebooks; compulsory for schools to reserve 25% seats for children from poor sections The State Budget gives a major boost to school education, with the government earmarking a record sum of Rs.14,553 crore for it — the highest ever allocation made to any department in Tamil Nadu. The school education department will also focus on increasing enrolments and arresting drop-out rates, Finance Minister O. Panneerselvam told the Assembly...

The state government has proposed to spend more than Rs7,300 crore on the ailing agriculture sector — in desperate need of assistance after registering negative growth in the previous financial year — and on irrigation. However, this may not translate into direct assistance to farmers. Moreover, this year’s state budget continued to neglect dry land farming – which is of serious concern in view of erratic weather conditions – and has...

-The Times of India   In a bid to induce a fresh life into the ailing health services delivery system in Uttar Pradesh, the World Bank has signed a $152 million deal with the Central and UP governments. The funds will be used to Finance the government's efforts to improve the efficiency, quality, and accountability of health services in the state. The project, called the Uttar Pradesh Health Systems Strengthening Project (UPHSSP) for...