While the government spent 1.1 percent of the Budget on capital outlay in 2013-14, the ratio of spending declined to 0.8 percent by 2023-24 and is likely to be lower at 0.5 percent in the current fiscal
There is a lot to learn from some other examples around the world. We have examples from pretty much every continent and every level of income. If I look at the case of India, it is actually quite impressive, Paolo Mauro, Deputy Director of the Fiscal Affairs Department at the IMF, told reporters at a news conference here.
The government will roll out its ambitious scheme of transferring cash to beneficiaries of select schemes in 20 districts tomorrow, but food, fertiliser and fuel subsidies will not be covered in the initial phase.
Union Minister Jairam Ramesh will launch the direct cash transfer scheme from Gollaprollu Mandal of East Godvari district of Andhra Pradesh on January 2, a senior official said.
Finance Minister P Chidambaram would visit some districts where the direct cash transfer scheme is to be rolled out from January 1, to get first hand account of the preparatory works.
Congress President Sonia Gandhi on Saturday inaugurated the Dilli Annashree Yojna which is Delhi government's scheme to provide food security to two lakh vulnerable households not covered under BPL and other food security schemes.
Government today justified the announcement of its direct cash transfer scheme saying it does not constitute violation of the model code of conduct and does not contain anything new that was not in this year's Budget.
Government today said it had not violated any election code of conduct in connection with its ambitious direct cash transfer scheme as it was announced in the budget speech by the then Finance Minister Pranab Mukherjee.
The benefits of the cash transfer scheme to be rolled-out from January 1 in 51 districts will reach the intended beneficiary only by February-March, said Planning Commission Deputy Chairman Montek Singh Ahlwualia.