-Press Information Bureau/ Ministry of Finance The Union Finance Minister Shri Arun Jaitley said that Varishtha Pension Bima Yojana (VPBY) will benefit the vulnerable section of society with limited resources as it will provide monthly pension ranging from Rs 500/ to Rs 5,000/ per month to senior citizens of the country. The Union Finance Minister Shri Arun Jaitley was speaking after re-launching the Varishtha Pension Bima Yojana (VPBY) here today on...

-The Deccan Herald The government will not reduce subsidy on food items, fertilisers and development schemes in the current financial year starting April from what was paid in 2013-14, Minister of State for Finance Nirmala Sitharaman said. "The government does not plan to cut subsidies given in schemes like Mahatma Gandhi National Rural Employment Guarantee Act and National Food Security Act," the minister said in reply to a question in the Rajya...

-The Hindu In 2009-10, 33% of PDS off-take of kerosene diverted for non-household use: report The findings of a confidential report, commissioned by the government and accessed exclusively by The Hindu, have revealed that allocated expenditures of social spending programmes are not reaching intended users and confirm leakages due to corruption. The capitation fees collected by private colleges, on management quota seats in professional courses, last year was around Rs 5,953 crore, the...

-Economic and Political Weekly   The emphasis on use of digital technologies to bridge the "rural-urban gap" in the union budget is limited to high talk and minimal allocations. The need for a more comprehensive and peoples' participation-oriented rural action plan should have been the focus while setting sectoral allocations, but that is not to be in this mid-year budget. Vipul Mudgal (vipulmudgal@gmail.com) heads the Inclusive Media for Change project at the Centre...

-The Times of India Blog The presidential address to Parliament on June 9, 2014 had focussed nearly exclusively on projects and schemes, eschewing policy. Therefore, many had eagerly awaited the budget speech for a policy vision of the new government. Unfortunately, it too left observers guessing on whether the government would tackle tough reforms or rely principally on better implementation. Had this been the budget of the United Progressive Alliance (UPA), arguably...