Tag «budget»

Highlights of the Budget

The Union Budget for 2013-14 aims at higher growth rate leading to inclusive and sustainable development as ‘mool mantra’. ·        Finance Minister makes three promises: to women, youth and the poor. ·        Nirbhaya Fund to empower women and to keep them safe and secure. ·        Proposal to set up India’s first Women’s Bank as a public sector bank. …

Social Security’s Investment Shortfall and US Government’s Financial Deficit Reporting = 64 Madoffs?

“The US Government has engaged in deceptive reporting on its financial performance for the last four decades,” writes World Scientific author Professor Nils Hakansson (University of California, Berkeley) in his book Social Security’s Investment Shortfall.  The concept of the Unified Budget currently employed by the US Government was mooted by President Lyndon Johnson and was …