For the first time since the launch of the National Rural Employment Guarantee Scheme (NREGS) in the 2005-06 fiscal, the combined plan outlay for the Ministries of HRD and Health has surpassed that of the Department of Rural Development, which administers doles like the NREGS, old age pension and rural housing grants to the poor. The UPA regime has for the first time cut outlay — by about 2 per cent...

Although rising food prices remain a critical concern, Finance minister Pranab Mukherjee is counting on better supply management, improved output of pulses and rice, better access to rural credit and strengthening of existing agricultural schemes to bolster India’s farm output. The rural economy employs about 60% of India’s work force, contributes about 17% of gross domestic product, and is expected to post 5.4% growth over last year, according to advanced estimates...

Caught between public outcry and Congress reservations, the government on Tuesday indicated that it was willing to review the Budget proposal to levy a service charge on healthcare costs of individuals. But those opting for medical insurance might have to remain under the ambit of the levy. ''Whether the service tax will be on 25-bed hospitals or whether it will be on all tests is something that can be discussed,'' revenue...

In the pre-budget Economic Survey 2010-11, the Union Finance ministry made a strong pitch for the pro-growth impact of investment in human capital adding, “fortunately, there is awareness of this in India and efforts are afoot in terms of budgetary allocation and actual initiatives to boost the development of skill and human capital.” Given this leading comment, it was only natural that Union Finance minister Pranab Mukherjee laid special emphasis...

For most schemes, the increases have been nominalThe Union Budget goes eloquent about the virtues of the flagship schemes of the UPA government but Finance Minister Pranab Mukherjee has kept a tight fist while allocating funds, whether for the National Rural Employment Guarantee Scheme (NREGS) or those under the umbrella of Bharat Nirman.Though the Finance minister referred to wages under the 100-day employment programme having being increased after being indexed...