Business Standard
Monday, Nov 23, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Smart Portfolios II
  Search:

Short on expectations
COMMENT: Madhav Chavan, Founder and director, Pratham
Business Standard /  July 07, 2009, 4:21 IST

With several question marks about the tax revenues of the government, it was difficult to imagine a bigger social sector spending over last year. The finance minister did announce with gusto a 144 per cent increase of expenditure on NREGS over the 2008-09 allocation of 14,400 crore, but, in fact, the revised estimates for NREGS in 2008-09 were already at Rs 30,000 crore and the 2009-10 Budget adds Rs 9,000 crore to it, which is about 33 per cent increase arising out of legal obligations of the Act and projected demand.

 
 
Related Stories
News Now
-Growing complacent
-The Market finds its own deficit
-Relief to local firms: Duties stay stable
-Mere talk will not do
-'The market expected too much'
-Huge push for consumption

The Budget speech did not even mention primary education, secondary education, and vocational skilling of youths. Of course, these sectors have been allocated funds from the Interim Budget. So, the non-reference in speech only means that it is not high on the political announcement agenda for the moment.

One other glaring omission is the fact that there was no reference to the “outcome over outlays” philosophy that the UPA-1 government articulated with great expectations. Each ministry was asked to prepare an outcome budget. Has this thinking been abandoned?

Arrow Other Stories     
- Sensex makes remarkable recovery, regains 17K
- L N Mittal doubles his stake in Ophir Energy
- Indian handicraft firms to participate in Munich fair
- Microsoft eyes Indian smartphone mkt
- RIL Hazira unit bags 'Excellent Energy Efficient Unit Award'
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Indian CIOs more progressive than global counterparts: IBM study
- Obama-Singh to run last mile on nuclear deal
- IAF orders more Tejas LCAs to replace MiG-21s
- Ubuntu 9.10: A karmic disconnection
- L N Mittal doubles his stake in Ophir Energy
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should sugar prices be decontrolled?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback