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 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.
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.
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.
