Our running commentary on Budget 2013-14 on Twitter @governancenow
Nirbhaya fund a good marketing gimmick
Banking thru'post-offices: a brilliant idea
New criteria for backwardness a welcome step
Good thrust on SMEs, they generate jobs on ground
Bima scheme extensions but do we have penetration or even mapping of those guys?
LIC offices in small towns: admission of the failing LIC appeal in urban centres
All women bank: good ploy for women votes: Nirbhaya effect?
Tax break limit for home loans raised from Rs 1 lakh to 2.5 lakh. Wooing middle class?
World Bank appears in FM budget
funds provided to tech incubators will qualify as CSR under new Cos bill, hope we get a home born GOOGLE, FB or twitter
World Bank appears in FM budget
FM must also focus why the pithead costs of coal in India itself are higher than imported coal , major cause of imports
No alternative to coal imports. So PPP model for coal mining. A new excuse to loot natural resources or helping the #IndiaStory?
gas prices to be reviewed how about past cases dragging?
Inland waterways old story. No progress in the last decade
oil and gas exploratiopn to moveto rev sharing contracts, shale gas policy to be announced, natural gas policy to be reviewed
Nod to #NarendraModi in #IndiaStory? FM says, overarching goal is to give job-oriented education, skills to youth
building new cities along industrial corridors is old wine in old bottles. JICA must be tired of hearing
Bangalore-Chennai industrial corriddor and Bangalore-Delh corridor announced. That should help the #IndiaStory
good employment opp for 4-5 retiring IAS folks. this new employment scheme to be followed by a railway regulator! #IndiaStory
inflation indexed bonds or inflation indexed certificates to be issued
india domestic savings have fallen, FM proposes RGESS liberalised to include MFs in 3 yrs, income limit raised from 10to 12 lk
story of each year, big announcements, bad implementation, hollering on tv, and then we all go to sleep :(( #IndiaStory
More was promised, less delivered: FM says Rs 3511 crore allocated to Minority Affairs Ministry, 60% of revised estimates.
New investment propose to introduce new high value allowance
Higher allocation for SC/ST is expected to win over a constituency and neutralise the anti-incumbency.
regulatory authority for road sector, NHAI is doing what?
propose some more institutions to provide tax free bonds upto Rs 50000cr
Sets apart rs 10000 more to foot the bill for Food Security. Over and above existing food subsidies
Food security kept low key announcment in budget so far
every #Budget huge amounts of money is provided by #FM and no method adopted to monitor if the money is well spent :(
Lot of lollies in the beginning of the speech. Are we looking for harsher taxes?
Crop Diversification - a welcome step
Green revolution in Eastern India. Bigger outlay for agri there seems like a step in right direction
Higher allocation for HRD is too short to meet education for all. The right to education would continue to be a mirage
Rural Development jump is 46% . Clearly UPA feels that the Bharat nirman schemes helped it in 2009, wants to repeat
FM states the obvious: "Economic space constrains due to high fisc def, lower savings & investment & tight monetary policy"
Some solace for #IndiaStory! Avg growth rate in 11th Plan period 8%, highest ever in any plan period: FM.
budget for women - 97,134 crore
FM's opening cryptic remarks: Current year's growth rate will be below India's potential growth rate of 8% #IndiaStory
Finally the FM has accepted that Supply Demand Mismatch is the root cause of Inflation- honest admission