-Press Information Bureau/ Ministry of Finance The plan outlay of 2015-16 reflects the compositional shift in the allocations for various Programmes and Schemes in view of high devolution; 42% of Union Taxes, to States as per the recommendation of 14th Finance Commission. Making his Budget Speech while presenting the General Budget 2015-16, the Finance Minister, Shri Arun Jaitley said that consequent to this substantially higher devolution, many schemes on the State...
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5 Ways This Budget Can Make Agriculture Profitable - Nidhi Nath Srinivas
-The Huffington Post Going by the number of farmers, Indian agriculture is the nation's largest private enterprise. And also the only one lacking free markets. So it is hardly surprising that half of India's population, since it depends on agriculture, contributes only 15% of the country's income. The shocking waste of entrepreneurial energy, time and resources of 263 million farmers and laborers has kept rural families in poverty, accelerated urban migration...
More »Devadasi system still exists in Telangana, AP, says report -Sribala Vadlapatla
-The Times of India HYDERABAD: The tall claims of the successive governments notwithstanding, Devadasi system continues to flourish in rural areas of Telangana and Andhra Pradesh. According to a report submitted by one-man commission recently, the two states together have about 80,000 Devadasi women. This was much over the estimated number of the AP social welfare commission, which put the figure at 24,273. A one-man commission headed by Justice Raghunath Rao, a...
More »Is the Govt doing away with PDS?
Following the recommendations of the Shanta Kumar Committee report on restructuring of the Food Corporation of India (FCI), there are signs that the Central Government is in a hurry to replace the Public Distribution System (PDS) with cash transfers. The Government's intention has been revealed in two official letters (one dated 10 February 2015 and another dated 11 February 2015) that were sent from the Joint Secretary at Department of...
More »Modi government accepts Finance Commission recommendations, states to get 42% share in central taxes
-The Times of India NEW DELHI: The Modi government said on Tuesday that it has accepted the recommendation of Finance Commission to raise the share of states in central taxes to 42 per cent from current 32 per cent. As per the increased devolution suggested in the report of the 14th Finance Commission, the states will get Rs 3.48 lakh crore in 2014-15 and Rs 5.26 lakh crore in 2015-16. "The higher tax...
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