Central Government Employees Disappointed from the main budget of NDA Govt

Central Government Employees Disappointed from the main budget of NDA Govt

BUDGET OF DISAPPOINTMENT

Central Government employees have been eagerly awaiting the first budget of the new Government Inspite of one day strike and two days strike, the UPA Government was not ready to concede the genuine and justified demands of the Central Government Employees. Naturally, employees expected some good news from the maiden budget of NDA Government. But the budget has cast shadow on their expectations. Not only the Central Government employees but the common people and the working class are also totally disappointed.

The Union budget 2014-15, is an exercise in piloting large scale FDI & PPP mode in the financial and policy governance of the country. If followed the same policy of trajectory deregulation, privatization and corporate-orientation so long followed by its predecessor, the UPA Government, which has been rejected by the people in election.

While engineering a drastic cut in expenditure on almost all heads impacting common people aimed at containing fiscal deficit, the budget remained reluctant in taking any action in arresting organised pilferage from public exchequer in the form of deliberate tax default by big corporate houses which reached a huge sum of Rs. 4.18 lakh crores on account of Corporate tax Income tax by the end of 2012 -13

Added to this, the decision to constitute the Expenditure Management Commission to look into basically the subsidies for common people aiming at further deduction in the same .Budget has already proposed a cut in subsidy on petroleum to the tune of Rs. 22054 crore which would have a cascading effect on prices of all goods. Further the budget announced total decontrol of diesel pricing before the end of the current financial year adding further to the woes of the common people. The budget reduced the direct tax leading to a revenue loss of Rs. 22200 crore while increasing the indirect tax burden to the tune of Rs. 7525 crore.

The Budget announced raising of FDI cap in defence and insurance sector from existing 26% to 49% much to the detriment of the interests of national economy. The target for revenue from public sector Undertakings (PSU) disinvestment has been set at a huge amount of Rs. 63000 crore and the Finance Minister has announced that instead of earning dividend from PSUs. Number of measures have been incorporated in the Budget to actually weaken the public sector Banks making them easy prey of privatization policy of the Government.

On a whole, the first budget of the NDA Government has basically turned out to be grossly anti-people in character promoting more aggressive loot by the corporate and big-business houses on the mass of the people and working class.

Source: http://confederationhq.blogspot.in/

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General Budget 2014 -15: Government Reiterates Its Commitment to the Welfare of SCs & STs

Press Information Bureau 

Government of India

Ministry of Finance 

Government Reiterates Its Commitment to the Welfare of SCs & STs 

The Central Government has said that it is committed to the welfare of SCs and STs and this year an amount of Rs 50,548 crore is proposed under the SC Plan and Rs 32, 387 crore under TSP. The Union Finance Minister Shri Arun Jaitley while presenting his maiden Budget, in the Lok Sabha today said that to provide credit enhancement facility for young start up entrepreneurs from Scheduled Castes, who aspire to be part of the neo-middle class, a sum of Rs 200 crore will be opertionalised through a scheme by IFCI. For the welfare of the tribals “Van Bandhu Kalyan yojana” is being launched with an initial allocation of Rs 100 crore. Shri Jaitley has announced a sum of Rs 100 crores for modernization of Madarsas. 

Shri Jaitley said that NDA Government during its last term in office had introduced the Varishtha Pension Bima Yojana (VPBY) as a pension scheme for senior citizens. Under the scheme a total no. of 3.16 lakh annuitants are being benefitted and the corpus amounts to Rs 6,095 crore. The Finance Minister proposed to revive the scheme for a limited period from 15 August , 2014 to 14, August, 2015 for the benefit of citizens aged 60 years and above. He also proposed to set-up a committee to examine and recommend the use of unclaimed amounts with PPF, Post Office, saving schemes etc for the benefit of senior citizens. 

Shri Jaitley said that the Government is fully committed to the social security and welfare of employees serving in the organized sector. It is notifying minimum pension of Rs 1,000 per month to all subscriber members of EP Scheme and has made an initial provision of Rs 250 crore in the current financial year to meet the expenditure. Further, increase in mandatory wage ceiling of subscription to EPS from Rs 6,500 to Rs 15,000 has been made and a provision of Rs 250 crore has been provided in the current budget. For the convenience of the subscribers, EPFO will launch the “Uniform Account Number” Service for contributing members to facilitate portability of Provident Fund accounts. 

The Finance Minister said that the Government will make all out efforts to create a more inclusive society for Persons with Disabilities to enable them to enjoy equal opportunity to lead an empowered life with dignity. He also proposed to establish National level institutes for Universal Inclusive Design and Mental Health Rehabilitation and also a Centre for Disability Sports. 

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General Budget 2014 -15: Five New IITs and Five New IIMS will be Set Up in the States

Press Information Bureau 

Government of India

Ministry of Finance 

Five New IITs and Five New IIMS will be Set Up in the States  

The Government has announced to set-up five more IITs in the Jammu & Kashmir, Chattisgrah, Goa, Andhra Pradesh and Kerala. Similarly, five new IIMs will be set-up in the States of Himachal Pradesh, Punjab, Bihar, Odisha and Maharashtra. For this, a sum of Rs. 500 crore has been allocated in the Budget. Presenting his Maiden Budget in Parliament here today, the Union Finance Minister Shri Arun Jaitley said that the country needs a large number of Centres of higher learning which are world class and accordingly declare to set-up Jai Prakash Narayan National Centre for Excellence in humanities in Madhya Pradesh. 

Shri Jaitley announced “Pandit Madan Mohan Malviya New Teachers Training Programme” to infuse new training tools and motivate teachers with an initial corpus of Rs.500 crore. He said that for Sarva Shiksha Abhiyan a provision of Rs. 28, 635 crore has been made while for Rashtriya Madhyamik Shiksha Abhiyan Rs. 4,966 crores have been allocated. The Government will also strive to provide toilets and drinking water in all the girls school in first phase, the Minister added. 

To take advantage of the reach of the IT, the Finance Minister allocated a sum of Rs. 100 crore for setting up virtual classrooms as Communication Linked Interface for Cultivating Knowledge (CLICK) and online courses. 

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