Just reclassified Rs 1.46 lakh crore of spending as capital investment. Finance Minister Pranab Mukherjee’s Budget for 2011-12 seems to have used a new accounting system to make a virtue of necessity. Committed to provide funds to run the Mahatma Gandhi National Rural Employment Guarantee Scheme or MGNREGS, Mukherjee has transferred the entire financial allocation for the scheme under a head that will now help him take credit for a reduced effective...
More »SEARCH RESULT
Total Matching Records found : 3935
A Budget for the Rich by R Ramakumar
Budget 2011-12 marks a sharp retreat of the government from the social and economic sectors. It has cut back expenditures in sectors that matter to common people, especially the poor. On the other hand, it has given huge concessions to the corporate sector in the form of tax cuts and exemptions. Let us take the overall fiscal stance of the budget. The underlying strategy is to reduce its fiscal deficit to...
More »NAC undermined by Praful Bidwai
By stubbornly overruling the National Advisory Council, the government risks defeating its purpose as a body that speaks for the poor and the disadvantaged. HAS the Manmohan Singh government begun to regard the National Advisory Council (NAC) as an adversary who should be undermined? Going by their exchanges on key issues such as food security, wages under the National Rural Employment Guarantee Act (NREGA), and the implementation of the Scheduled Tribes...
More »Midday meal scheme to get paltry hike of Rs 6cr this year by Akshaya Mukul
The Midday Meal (MDM) scheme catering to 12 crore children — all set to increase manifold with the implementation of the Right to Education Act — is likely to get a paltry increase of Rs 6 crore in the 2011-12 general budget. Last year, Rs 10,380 crore was allocated for the scheme. Sarva Shiksha Abhiyan (SSA) may see a big jump in allocation — Rs 21,000 crore from Rs 15,000 crore...
More »Acting on nutritional needs by David Nabarro
Scale Up Nutrition coordinates global action to root out under-nutrition. This week in New Delhi, nearly 1,000 international officials, scientists, advocates and development specialists are coming together to discuss how agriculture can be leveraged to improve nutrition and health. Nearly one-sixth of the people in our world are affected by chronic hunger. At any time, around a quarter of all children suffer from under-nutrition. Not only are they more likely to die,...
More »
