-The Times of India NEW DELHI: A Global consultancy firm pegged a new level for poverty or empowerment line - at Rs 1,336 per month per person as against the poverty line prescribed by the government at around Rs 870 per month per person. McKinsey, in a report, said the empowerment line determines the level of consumption required for an individual to fulfill his/her basic need for food, energy, housing, drinking water,...
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Why did Chidambaram shut down New Delhi?-Mihir S Sharma
-The Business Standard The economic logic - and political reasons - behind the giant shift of spending power to the states Interim Budgets are not supposed to do this. This is precisely what they are not supposed to do. They are not supposed to lay out a policy change so vast it disempowers the next central government. But that's what P Chidambaram has done - and it appears to have been...
More »Budget 2014: Political move? UPA shifts power over huge spending to states
-The Times of India NEW DELHI: The next government at the Centre will have far less money to play with, thanks to something Chidambaram has done. He has transferred substantial control over spending on centrally-sponsored schemes such as employment guarantee and Sarva Shiksha Abhiyan to the states. In the coming year, the amount is Rs 3.4 lakh crore. State governments will be pleased. Political observers see it as a move to curry...
More »Spending on subsidies surged, education and health lagged during 10 years of UPA -Sidhartha
-The Times of India NEW DELHI: When finance minister P Chidambaram presents his first interim budget on Monday, he is expected to devote a significant chunk of his speech - which may be between 12 and 18 pages - to UPA government's spending on social sector schemes, especially health, education and rural development. But what is probably going to slip through is the fact that these sectors actually witnessed a comparatively...
More »Government Cuts Plan Spending by Rs 79, 790 Crore
-Outlook The government today cut Rs 79,790 crore from the budgeted Plan expenditure of Rs 5,55,532 crore for the current financial year against the backdrop of a burgeoning fiscal deficit. The Interim Budget 2014-15, presented by Finance Minister P Chidambaram in Parliament, projected revised estimates of the Plan expenditure at Rs 4,75,532 crore for 2013-14. For the next financial year starting April 1, the government has kept the the Budget Estimates of Plan...
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