Budget 2013: Breaking Down The Numbers With Outcomes

Continuing with the focus on rural development, Finance Minister P Chidambaram increased the allocation for the Ministry of Rural Development by over 40% in Budget 2013-14.  IndiaSpend’s Budget primer series had raised a series of questions on rural development, urban infrastructure, controlling current account deficit and checking the fiscal deficit.  So, did Budget 2013 answer … Continued

Can India’s 150,000 Post Offices Really Become Banks?

India’s post offices (India Post) have tried to function as banks but have lacked an integrated banking structure or a core banking solution. Without integration, customers are confined to dealing only with post offices they have had direct dealings with.   In India’s Union Budget presented by Finance Minister P Chidambaram on 28 February, he … Continued

Budget 2013: The Dope On Who Gets How Much

Finance Minister P Chidambaram, while presenting Budget 2013-14, said that fiscal deficit remains high but did not cut down on spending, particularly the subsidy bill which many were watching closely.   IndiaSpend looks at the allocations to catalogue the top 10 ministries, and finds that the Ministry of Finance secures the top position (like it … Continued

Budget 2013: Here’s What The Government Is Really Betting On

  India’s Union Budget 2013-14 was presented on February 28, 2013 against a backdrop of a slowing economy and stalling investment.   IndiaSpend contributor Anupam Gupta takes a closer look at the Budget papers and finds the numbers reflecting an attempt at maintaining balance between supporting social spend and fiscal consolidation. He also brings out … Continued

Close To 90% Of Cheques Written Are Still Below Rs 1 Lakh

Is India moving towards a cashless society? So it seems if we look at data released recently by the country’s central bank, the Reserve Bank of India (RBI) comparing electronic payments and usage of cheques for payments.   IndiaSpend’s Sourjya Bhowmick looked at the report and here are some key findings:  there is a growing trend … Continued

The Man Of The House, Is A Woman

Mohan Bhagwat, head of Hindu right wing group Rashtriya Swayamsevak Sangh or RSS kicked up a furore recently when he referred to marriage as a contract between spouses wherein it was the woman’s duty to look after the house and keep the man happy. In return, the man would provide for her needs.   If … Continued