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...
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GoM to address 'no go' mining issue in a week
Coal Minister Sriprakash Jaiswal today said a Group of Ministers on Coal will meet within a week to try and iron out the vexed issue of "go" and 'no-go' areas in coal blocks. "The Group of Ministers will meet in the next three-four days or within a week to deliberate on issues like 'go' and 'no-go', among others," Jaiswal told reporters on the sidelines of an Assocham event here. Last year, the...
More »Rural work scheme cuts spend, wants more cash by Sreelatha Menon
The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), the United Progressive Alliance government’s flagship programme, has so far spent just 56 per cent of its Budget allocation of Rs 40,000 crore. It has also recorded a fall in the average number of workdays per household this financial year. Government managers are asking for a 60 per cent rise in allocation for the scheme in the next financial year. Rs 20,854...
More »Kind to cash by Richard Mahapatra
The government has a plan to reach welfare to the poor without wasting money. It wants to put hard cash in their hands instead of spending on welfare programmes. To begin with, it wants to end the public distribution system of food grain and give money directly to the people. Its logic: the new system of cash transfer will plug leakages and save an enormous amount of money. But is it...
More »An aam aadmi sarkar fights the poor by Vidya Subrahmaniam
It is tragic that the same government that gives huge corporate concessions and loses money in corruption is fighting over minimum wages. As India's — and by some reckoning the world's — largest rights-based rural safety net programme completes five years, here is a reality check. The National Rural Employment Guarantee Scheme (NREGS) has become the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). But in a monumental affront to the...
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