-The Asian Age Sonia Gandhi’s economic and political ideology may have apparently triumphed over that of Manmohan Singh. The neo-liberal finance minister Palaniappan Chidambaram may be conveying an impression that he’s turned socialist with a vengeance by increasing taxes on the rich in the run-up to the 16th general elections. But the truth is that Mr Chidambaram has made certain assumptions about subsidies, inflation and the expected growth of gross domestic product...
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Budget 2013: Chidambaram focuses on women, youth, poor in budget
-IANS To woo "ambitious" women, "impatient" youth and the poor, the Congress-led UPA government Thursday promised them more schemes and programmes as they "represent the vast majority of the people of India". "...before I close this part of my speech, I wish to draw a picture of three faces that represent the vast majority of the people of India," finance minister P Chidambaram said. "The first if the face of the woman. She...
More »Budget 2013-14: Rs. 1,000 crore each for women, youth funds
-The Hindu "To the women of India - we have a collective responsibility to ensure the dignity and safety of women. Recent incidents have cast a long dark shadow on our credentials. As more women enter public spaces...there are more reports of violence against them. We stand in solidarity with our girl children. We pledge to everything possible to keep them swcure. A number of measures are in the works...
More »Union Budget 2013: Food Bill a promise of the UPA government, says Chidambaram
-NDTV Finance Minister P. Chidambaram has earmarked Rs. 10,000 crore as incremental cost to implement the Food Security Bill, which he described as a promise of the UPA government. A centrepiece of the ruling government's campaign in 2009, the Bill was cleared last month by a parliamentary committee. The Bill says 75 per cent of the rural population and 50 per cent of the poor in urban India - about 800 million people...
More »The Guv keeps the bar high -KT Jagannathan
-The Hindu It took nearly three years for the Reserve Bank of India (RBI) to give a final shape to the government’s decision to let more players in the private sector banking field. That by itself offers a clue to the divide in thinking between the fiscal and monetary managers of the Indian economy. When it did come out with guidelines for “Licensing of New Banks in the Private Sector”, the...
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