-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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Social schemes to get fiscal eye
-Business Standard Financial position, spending capacity to play a big role, say sources The government might take a hard view on several social sector schemes, including the Prime Minister's pet projects of Digital India and Pradhan Mantri Krishi Sinchaee Yojana in the coming Budget for 2015-16. These might get a renewed thrust but perhaps not in the form of a significant increase in Plan allocation. New ways in which funds will be raised...
More »Rethink on exemptions -Radhika Ramaseshan
-The Telegraph New Delhi: The Centre is likely to make key changes to the land acquisition ordinance in the face of gathering protests from multiple flanks and a nudge by Swadeshi affiliates. A clause that expanded the list of projects exempted from prior consent of affected families and a social impact assessment is expected to be done away with, said sources privy to discussions that have been going on through the week. The...
More »RSS outfits, Opposition may unite against land ordinance -Smita Gupta
-The Hindu Opposition parties, including the newly resurgent Aam Aadmi Party, a slew of people's movements and even RSS affiliates, have decided to join hands to challenge the Centre on the controversial Land Acquisition Ordinance. Emboldened by the results of the Delhi Assembly elections, these groups plan to hold protests together in the capital from February 22 to 24, coinciding with the start of the Budget Session of Parliament. For the ruling NDA,...
More »Key reform moves on the back burner -Puja Mehra
-The Hindu Measures on urea, LPG, kerosene to go The Modi government is putting on hold its plans for some key economic reforms Union Finance Minister Arun Jaitley had announced in his maiden Budget last July. These include decontrol of urea prices, fewer subsidised cylinders a year and withdrawal of kerosene from the public distribution system (PDS). Fertilizer Minister Ananth Kumar told The Hindu that the administered price controls for urea would stay. "We...
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