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Sheila Dikshit presents economic survey, promises ample jobs for Delhiites

-India Today A day before the city government is due to present its crucial Budget, Delhi Chief Minister Sheila Dikshit on Tuesday promised to provide ample employment opportunities and other facilities to Delhiites . The CM also refuted allegations of the government being 'insensitive' and reminded that a dedicated helpline number for women in distress had been set up. Presenting the economic survey in the Delhi Assembly on Tuesday, Dikshit said the city...

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Fundamental flaw

-The Indian Express In all its versions, the food security bill places an unbearable fiscal burden, further distorts agriculture The design of policy in the revised version of the food security law proposed by the food ministry — cabinet approval for which was deferred on Monday — will make a bad idea worse. It is even less concerned about the imperatives of fiscal sustainability and the needs of the Indian population. Providing...

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Finance red flag over 38% jump in food subsidy-Ravish Tiwari & Manoj CG

-The Indian Express The annual subsidy bill for the UPA’s proposed food guarantee law has been estimated at Rs 1,24,747.1 crore, 38.6 per cent over the budgeted food subsidy of Rs 90,000 crore for next year. An alarmed finance ministry is learnt to have red-flagged some major changes proposed in the original National Food Security Bill, sources said. It has objected to the proposal to do away with the original categorisation of beneficiaries...

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The feeding frenzy of kleptocracy-P Sainath

-The Hindu Since 2005-06, taxes and duties for the corporate world and the rich have been written off at the rate of Rs.7 million a minute on average. Duties waived on gold and diamonds in the last 36 months equal the 2G scam amount Forbes has just added an “errata” to Union Finance Minister P. Chidambaram’s budget speech. The Minister had found a mere 42,800 people in the country with a taxable...

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Surrender sop for Maoists up 25 times -Vishwa Mohan

-The Times of India Surrender will become more lucrative for Maoists across the country from April 1. The finance ministry has approved the home ministry's proposal to increase its share of financial contribution for each surrendered ultra by 25 times for senior Maoists and 15 times for foot soldiers. A senior ultra (politburo member or state/zonal/district committee commander) will get Rs 2.5 lakh, while a junior cadre will get Rs 1.5 lakh...

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