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Budget 2012: Jairam Ramesh seeks Rs 20,000 crore for sanitation programmes

Rural development minister Jairam Ramesh is seeking doubling of funds for water supply and sanitation programmes to Rs 20,000 crore in the upcoming budget, arguing that it is high time the Centre focused on this neglected sector.  Ramesh, who holds the additional charge of the ministry of drinking water and sanitation, has indicated that he is unwilling to settle for anything short of Rs 16,000 crore. The finance ministry has, so...

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Rural India loses steam: Demand for tractors, agriculture machinery, durables decline as income falls, prices rise

-The Economic Times   In 2007, 27-year-old Kaushalendra from Bihar shunned the placement frenzy, which would see many of his colleagues earn fat salaries, in favour of a more homespun alternative: Selling fresh vegetables on a push cart to residents of his hometown Nalanda.  Putting together whatever money he had, Kaushalendra began the venture in 2008 and soon started doing well. People didn't mind paying a little more if they saw value in...

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Jairam Ramesh proposes concurrent audit of rural welfare schemes by Urmi A Goswami

The rural development ministry has mooted the idea of concurrent evaluation of welfare schemes. Rural development minister Jairam Ramesh has put forward a proposal to Prime Minister Manmohan Singh, outlining the proposed concurrent evaluation network to improve the efficiency and quality of outcomes of all rural development schemes.  The government's annual budget for rural development comes second only to defence. In the current fiscal, the ministry's allocation (including spend on drinking...

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PAN to be tool against tax evasion

-The Financial Express   Come next financial year, the PAN card is likely to become the most potent tool for the Income Tax Department to unearth black money, tax evasion and instances of criminal financing in the country. A recent directive of the Central Board of Direct Taxes (CBDT) to the I-T Dept has asked its officials to launch a special drive against those who have "not furnished their PAN (Permanent Account Number)"...

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Budget 2012: Finmin seeks to blur plan-non-plan distinction by Devika Banerji & Deepshikha Sikarwar

The Planning Commission and the finance ministry are at odds over the accounting of plan and non-plan schemes in the budget.  While the finance ministry is pushing for inclusion of more than 10 non-plan schemes in the planned budget for the next financial year, the Planning Commission is resisting the move as it would eat into the share of existing schemes. The commission's reluctance follows an expected cut or flat allocation...

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