-The Hindu Which are India's most effective subsidies, the ones that best reach the poor? Chief Economic Advisor ARVind Subramanian devoted considerable space in the Economic Survey released on Friday to subsidies, how much they cost, whom they really go to, and how leaky they are. In terms of cost, the combined subsidy for rice and wheat clearly accounts for the largest share, a third of India's total subsidy bill. Please click here...

-The Indian Express The forthcoming budget is expected by some to be make-or-break or path-breaking, by others, to provide a legislative or economic roadmap for the rest of this government's term. Most likely, it will focus on issues within the purview of the finance ministry, namely, macro management, taxation, expenditure, the financial sector and balance of payments. The abolition of the Planning Commission and the 14th Finance Commission recommendations on tax devolution...

-PTI New Delhi: In a novel initiative, the Aam Aadmi Party government has decided to involve common people in making Delhi's budget for 2015-16 so that financial allocation can be made based on requirement of various areas. The government also hinted at undertaking an "austerity drive" and reviewing "functioning of unnecessary departments" to plug the wastage of resources. Chief Minister ARVind Kejriwal told the Delhi assembly that after taking people's opinion on the...

Quite opposite to the top-down model of budgeting, the newly elected Aam Aadmi Party-led Government in Delhi has decided to go for a 'citizen-centric' budget planning at 'mohalla'-level for the fiscal year 2015-16. Drawing lessons from the success stories of participatory budgeting conducted at municipal-level in cities like Porto Alegre (Brazil), the AAP-led Delhi Government has decided to launch this form of decentralized budgeting on a pilot basis in a...

-Hindustan Times The Narendra Modi government has decided to introduce the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill, 2015, in Lok Sabha today. The controversial Bill seeks approval of Parliament for changes brought in the law through an ordinance or emergency executive order in December 2014. The Bill will lapse on March 20, if it is not passed during this budget session that began...