-Outlook The CPI(M) today castigated the government for foregoing over Rs 5.73 lakh crore as tax revenues by granting tax concessions to the rich, saying the amount was Rs 53,000 crore more than the fiscal deficit. "The budget proposals will further enrich the rich and impoverish the poor," senior CPI(M) leader Sitaram Yechury told reporters while reacting to the 2013-14 Budget. Quoting data presented in the budget, he said the aggregated revenue foregone...
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Budget 2013: Why the Nirbhaya fund is not what the Indian woman needs
-First Post While Finance Minister P Chidambaram played the knight in the shining armour role to the hilt, going all out to woo the Indian woman – with an all-woman bank, the ‘Nirbhaya’ fund and an empathetic lecture on the girl child- after the shock value wears out, we are only left with measures which at best might only scrape the tip of the iceberg that is women’s development and security...
More »Ramesh Promises Corrective Measures on Poor Spending
-Outlook Rural Development Ministry could spend only Rs 55,000 crore out of the budget estimate of Rs 75,000 crore for its various flagship programmes in the current fiscal and Minister Jairam Ramesh says he owns responsibility for it. Despite the poor spending, Finance Minister P Chidambaram today allocated Rs 80,000 crore to the key social sector Ministry in this year's budget. Ramesh blamed "serious administrative weaknesses in the poorest states of India"-- Bihar,...
More »Budget 2013: Rs 150 crore for development projects in Kudankulam
-PTI The protest-hit Kudankulam town, where two 1,000 MW nuclear reactors are at an advanced stage of commissioning, was on Thursday allocated Rs 150 crore for carrying out various development works. Finance Minister P Chidambaram made the allocation for 'Neighbourhood Development Project (in Kudankulam)' in the Union Budget. The amount has been set aside 'to provide relief and rehabilitation to project affected people of Kudankulam area in Tamil Nadu', the budget documents stated. The...
More »A bigger helping for food Bill
-The Business Standard FM allocates Rs 10,000 cr to implement the programme; this is apart from the usual food subsidy requirement of Rs 80,000 cr for the year The most ambitious social security programme of the government, the National Food Security Bill, got a leg-up in the 2013-14 Budget, with Finance Minister P Chidambaram allocating Rs 10,000 crore for implementing it. This allocation is over and above the usual food subsidy requirement of...
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