-The Telegraph New Delhi: Finance minister Arun Jaitley today promised gifts for children, women, patients and the poor but slashed his government's funding across the social sectors. Budget outlays for education, health, rural development, social justice and women and children have fallen sharply or remain close to the outlays these sectors had received last year. The allocation for children under the women and child development ministry witnessed the sharpest fall from last...

-The Hindu FM's Budget speech dwelt on agriculture, public investments in infrastructure, manufacturing and social sector spending. States to be equal partners in economic growth; move to making India cashless society; social sector programmes to continue. Some of the challenges mentioned by the Finance Minister are: poor agricultural income, decline in manufacturing ; and the need for fiscal discipline. Here are sector-wise highlights: TAXATION 1 Abolition of Wealth Tax. 2 Additional 2% surcharge for the super...

-The Hindu Report on Maharashtra looks at NSS data Mumbai: Nearly 47% out of Maharashtra's total employed population, which is dependent on agriculture, fisheries and forestry as an economic activity, earns only Rs 100 per day on an average. The data is in sheer contradiction with the earnings of 1.36% of the employed population from Information and Communication sector in the state, which on an average earns Rs. 833 per day, higher than...

-Hindustan Times The government's fiscal management plan in the budget could see a roadmap on extending the controversial cash transfer schemes from just entitlements to subsidies, a move that could add fuel to the already surcharged atmosphere over the land acquisition bill. The finance ministry has issued instructions to bring all Central schemes having a financial component under the direct benefit transfer (DBT) from April, apparently to plug leakages and to keep...

-The Telegraph New Delhi: The Supreme Court today pulled up the government for engaging in endless litigation over land acquisitions, denying due compensation to farmers. "You have enacted the new land acquisition law for payment of compensation to farmers, but you don't pay the farmers for years. You (the defence ministry) spend Rs 100 crore for the Republic Day parade but when it comes to payment of compensation to the poor farmers,...