-Press Information Bureau (Ministry of Housing and Urban Poverty Alleviation) As per the poverty estimates released by the Planning ComMISsion, the percentage of population below poverty line in urban areas has declined from 25.5% in 2004-05 to 13.7% in 2011-12. This was stated by Dr. (Ms.) Girija Vyas, Minister of Housing & Urban Poverty Alleviation in a written reply to a question in the Lok Sabha today. Dr Vyas stated that the...
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Why did Chidambaram shut down New Delhi?-Mihir S Sharma
-The Business Standard The economic logic - and political reasons - behind the giant shift of spending power to the states Interim Budgets are not supposed to do this. This is precisely what they are not supposed to do. They are not supposed to lay out a policy change so vast it disempowers the next central government. But that's what P Chidambaram has done - and it appears to have been...
More »Will you opt for farming as a profession? -Madhusheel Arora
-The Hindustan Times Punjab: Having seen my uncle hard at work in a farm and his decision to quit school to till land, I have often felt that popular imagination tends to see farming as an esoteric profession and food production as something that will somehow magically take care of itself. A young man/woman (who has had secondary education) seems to consider agriculture as far too back-breaking and tedious to be taken...
More »Interim Budget 2014-15: Highlights
-Outlook Following are the highlights of interim budget 2014-15: Income tax rates kept unchanged 10 pc surcharge on 'super-rich' having annual income above Rs 1 crore to continue 10 pc surcharge on domestic corporates with income of Rs 10 crore Foodgrain production estimated at 263 million tonnes in 2013-14 Fiscal deficit at 4.6 pc in 2013-14...
More »Government Cuts Plan Spending by Rs 79, 790 Crore
-Outlook The government today cut Rs 79,790 crore from the budgeted Plan expenditure of Rs 5,55,532 crore for the current financial year against the backdrop of a burgeoning fiscal deficit. The Interim Budget 2014-15, presented by Finance Minister P Chidambaram in Parliament, projected revised estimates of the Plan expenditure at Rs 4,75,532 crore for 2013-14. For the next financial year starting April 1, the government has kept the the Budget Estimates of Plan...
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