The budget session of the Parliament began with President Pratibha Patil’s address. All indications point to a normal functioning of this session, unlike the wasted winter session. This is because the UPA 2 government has agreed to constitute a Joint Parliamentary Committee (JPC) to look into the 2G spectrum allocation scam. If the government were to have done this in the winter session itself, then precious time and resources would...
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Pleas for poor at pre-budget meeting
Pranab Mukherjee today got an opportunity to escape the drudgery of financial jargon and immerse himself in phrases such as poor, women, Muslims, farmers, weavers and prices. At an annual pre-budget exercise at the Congress headquarters, most party leaders asked the finance minister to provide relief to “the common man”, bring down inflation to a single digit, reduce petrol prices, lower interest rates on agriculture, housing and education loans and offer...
More »Ministry wants more money for rural job guarantee scheme by Ruhi Tewari
The ministry of rural development has demanded a nearly 60% increase in the allocation for its marquee job guarantee scheme in the forthcoming Union budget for fiscal 2011-12. The ministry has sought an allocation of around Rs. 64,000 crore, up from Rs. 41,100 crore, for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), a ministry official said, requesting anonymity. MGNREGS, the flagship programme of the Congress-led United Progressive Alliance (UPA) government...
More »Budget 2011: NREGA outlay likely to stay flat this year by Deepshikha Sikarwar
The forthcoming budget is unlikely to propose a steep hike in allocation of funds for the government's flagship rural welfare scheme despite a sharp increase in the wage rates under it. The finance ministry is likely to allocate only 42,000-45,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), a government official told ET. The scheme will have an opening balance of about 10,000 crore, the official said. This precludes...
More »Nitish pilots change in NREGA fund plan by Chetan Chauhan
Bihar chief minister Nitish Kumar has done what his counterparts in other states failed to do. He convinced the Centre that its policy on disbursement of funds for implementing the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) was flawed and needed correction. At a meeting with Plan Panel deputy chairman Montek Singh Ahluwalia, Kumar pointed out the anomaly, which the government acknowledged and was quick to react. This resulted in...
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