-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...

-Press Information Bureau/ Ministry of Finance The plan outlay of 2015-16 reflects the compositional shift in the allocations for various Programmes and Schemes in view of high devolution; 42% of Union Taxes, to States as per the recommendation of 14th Finance Commission. Making his Budget Speech while presenting the General Budget 2015-16, the Finance Minister, Shri Arun Jaitley said that consequent to this substantially higher devolution, many schemes on the State...

-The Telegraph New Delhi: The Centre has tabled a land acquisition bill with provisions identical to that of a controversial ordinance, taking a calculated gamble and testing the nerves of the Opposition that is hoping to build a campaign anchored on farmers. Tabled in the Lok Sabha this morning, the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill is based entirely on the ordinance the Union cabinet...

Quite opposite to the top-down model of budgeting, the newly elected Aam Aadmi Party-led Government in Delhi has decided to go for a 'citizen-centric' budget planning at 'mohalla'-level for the fiscal year 2015-16. Drawing lessons from the success stories of participatory budgeting conducted at municipal-level in cities like Porto Alegre (Brazil), the AAP-led Delhi Government has decided to launch this form of decentralized budgeting on a pilot basis in a...

-The Hindu The implementation of the National Food Security Act is mired in apathy and confusion. A grave injustice is being done to millions of people who live on the margin of subsistence. It is not too late to remove the roadblocks, but this requires a sense of urgency An odd silence has surrounded the National Food Security Act (NFSA) in the last few months - as if food insecurity were a...