-Newsclick.in The Finance Minister of Uttar Pradesh Rajesh Agarwal presented the Budget for financial year 2018-19 on February 16. The State government allocated Rs. 63,223 crores for overall Education sector which is an increase of 10.90% as compared to 2017-18 in which Rs. 56,993 crores were allocated. Out of this amount, Rs. 50,142 crore will be spent on Primary Education, Rs. 9,387 crore on secondary education and Rs. 2,656 on higher education....
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Hard reality and political compulsions may force a rural-focused budget
Budgetary allocation to a particular sector indicates how much priority the government assigns to that sector as compared to the rest. A preliminary analysis by the Inclusive Media for Change team indicates that the actual expenditure (net of receipts and recoveries) by two of the country’s most important ministries, namely the Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) was less than 1 percent...
More »Centre favours doing away with mandatory playing of national anthem in theatres -Amit Anand Choudhary
-The Times of India NEW DELHI: The Centre on Monday told the Supreme Court that it could modify its order to do away with compulsory playing of anthem before screening of films in halls. The government had earlier insisted that playing of national anthem be made mandatory not only in theatres but also in educational institutions. It told the court that it was in favour of apex court withdrawing its interim order...
More »Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra & KR Srivats
-The Hindu Business Line Bonds to make up for shortfall being considered New Delhi: To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism. The newly proposed resolution and insolvency framework for financial entities envisages the Framing of a new scheme for refund of depositors’ monies in troubled banks, while providing higher protection to them, sources...
More »Banks can wipe out your money -BR Muralidharan
-Deccan Chronicle Bail-in clause in the proposed law can make you lose your rights on your bank deposits. As part of a host of banking reforms, the Central government has approved a bill in June 2017 to enact a new law Framing rules for the resolution of failing banks, whose details that surfaced on social media made all bank depositors a worried lot. If the government goes ahead with this move, it...
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