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‘Convenient accounting’ of subsidies to hit new Govt-Puja Mehra

-The Hindu     Move to push this year's expenditure to next fiscal is intended to keep the fiscal deficit within target The Finance Minister of the next government post-elections will have to pay the price for the United Progressive Alliance's (UPA) subsidy and social spend. The Finance Ministry plans to book in next financial year, 2014-15, the expenditure that will be incurred on subsidies during the remaining months of the current fiscal (January-March). ...

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Road transport ministry seeks no cut in road upkeep budget -Dipak Kumar Dash

-The Times of India NEW DELHI: In the election year and with more complaints of "poor condition" of highways pouring in, the road transport ministry wants finance ministry not to reduce the allocation for road maintenance. The ministry has asked finance minister P Chidambaram to avoid reduction of "non-planned" expenditure since the allocation of Rs 2,000 crore for upkeep of highways is inadequate. Sources said that highways minister wrote a letter to...

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PlanCom begins process of finalising annual Plan-Sanjeeb Mukherjee

-The Business Standard Plan panel may skip annual meet with CMs in view of polls With general elections only a few months away, Planning Commission Deputy Chairman Montek Singh Ahluwalia might skip the customary one-to-one meetings with some chief ministers, while finalising the annual Plans for states, for 2014-15. According to a senior official, chief ministers usually avoid coming personally to discuss their annual plan ahead of a general election. The commission has...

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Reading the expenditure leaf -Surabhi

-The Indian Express With just weeks before the Vote on Account to be tabled in Parliament the expenditure numbers of the government are looking challenging. The fiscal deficit has already touched 94 per cent of the full year target of Rs 5,42,499 crore between April- November 2013 and while the sluggish pace of revenue receipts is evident, movements in expenditure needs to be assessed carefully. Total expenditure has crossed Rs 10,00,000 crore mark...

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