The Supreme Court on Friday said that the government does not want to prop up a strong judiciary expressing its dipleasure over the meagre Budgetary allocation to it. “No government wants a strong judiciary . It is only on the paper. Look at the Budgetary allocation. It is less than one per cent,” said a bench comprising Justice GS Singhvi and Justice AK Ganguly. The court pointed out that the judiciary is...
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Increase sought in Budgetary allocation for tribals
The Adivasi Adhikar Rashtriya Manch (AARM) has urged Union Finance Minister Pranab Mukherjee to ensure that the allocation for the Tribal Sub Plan (TSP) in this year’s budget is increased to 8.4 per cent, in keeping with the strength of the tribals in the country. They stressed that the shortfall on this account was over Rs 27,000 crores in the last two years. Members of the AARM, which works among tribal...
More »Budgetary support to Plan spend hiked 18% by Neeraj Thakur
The ministry of finance and the Planing Commission have finally agreed on increasing gross budgetary support by 18% for the terminal year of the Eleventh Five-Year Plan (2007-2012). GBS is the monetary assistance provided by the Centre to implement schemes in five-year plans. The ministry of finance will allocate around Rs4.41 lakh crore as part of the planned expenditure in the Budget for the next fiscal, compared with an allocation of Rs3.73...
More »In repeat of FY11, plan panel seeks 18% hike in budgetary support, FM offers 12%
The finance ministry has offered only a 12% increase in the budgetary support to the central plan for the coming fiscal against the Planning Commission's demand for an 18% hike. The plan panel sought higher support, citing increased requirement for the flagship schemes, particularly MGNREGA, or Mahatma Gandhi National Rural Employment Guarantee Act . The North Block, constrained by its compulsion to return to fiscal consolidation and additional expenditure due...
More »Price volatility & food crises by Jacques Diouf
The present situation is different from that of 2007-2008, although recent climatic events may significantly reduce agricultural production next season. Must history always repeat itself? We are indeed on the verge of what could turn out to be another major food crisis. The FAO Food Price Index at the end of 2010 returned to its highest level. Drought in Russia and the export restrictions adopted by the government, together with...
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