India's public food distribution system or PDS - the world's largest social security net - has long been riddled with holes, through which precious food and money were being stolen.
With leakage-proof delivery of subsidies being crucial for easing the government's funding burden, the Unique Identification Authority of India (UIDAI) is set to play an important role as the finance minister aims to bring the fiscal deficit below 5% by end of the next financial year. HT reports.
Finance minister Pranab Mukherjee's announcement about direct cash transfer of subsidies for kerosene and most likely for food under the Public Distribution System (PDS), has drawn flak from activists across Delhi.
Finance minister Pranab Mukherjee has allocated Rs. 61,427 crore for education in his budget — 18% more than last year’s Rs. 52,057 crore. HT reports.
The annual allocation for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS), the flagship social security programme of the UPA government, has been scaled down from last year’s Rs. 40,000 crore to Rs. 33,000 crore in this budget. HT reports.
Stakeholders are crying "neglect" with the general budget failing to dole out sops for the tea industry. Amitava Banerjee reports.
Malnutrition got a renewed focus in the budget with allocation for child nutrition scheme increased by 58 % and Asha worker in each village to be designed as nodal person for initiative on malnutrition. HT
As Finance minister Pranab Mukherjee resorted to mopping up more taxes, a disappointed India Inc today said his Budget is a "missed opportunity" and would have cascading impact on inflation and consumer demand.
Shares of three listed airlines, Kingfisher Airlines, Jet Airways and SpiceJet, reversed their early morning gains, after a final decision remained elusive in the Union Budget for allowing foreign carriers invest in domestic players.
Finance minister Pranab Mukherjee is on Friday expected to present a social sector reform budget with higher allocations for health, education and skill development, besides a total sanitation programme.
Crucial leads from an informer helped the Delhi Police crack the murder of IT executive Jigeesha Ghosh three years ago, and in turn of journalist Soumya Vishwanathan, as the same persons were involved.
The current government policy on foreign direct investment (FDI) in aviation that bars foreign airlines from investing in Indian carriers is depriving the latter access to potential sources of capital and expertise, the Survey has said.
As a part of its capacity augmentation and efficiency improvement programme, the Indian ports sector needs Rs. 1.6 lakh crore in investments, the Survey has said.
The Economic Survey made a case for opening up the Rs. 22 lakh crore multi-brand retail sector to foreign direct investment (FDI), suggesting that FDI in the sector could be allowed in a "phased manner".
The Survey has called for specific measures including resolution of land availability issues and focus on high value-added industries to enhance the contribution of the manufacturing sector in India's GDP.