-The Hindu India’s poor AOI is a stark reminder of the need to attain a key sustainable development goal of higher agri-growth While the overall budgetary allocation towards the agricultural sector has marginally increased by 4.4% in the Union Budget 2022-23, the rate of increase is lower than the current inflation rate of 5.5%-6%. The Food and Agriculture Organization (FAO) of the United Nations (UN) report for 2001 to 2019 shows that,...
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Tarun Bajaj, Revenue Secretary at the Ministry of Finance, interviewed by Vikas Dhoot (The Hindu)
-The Hindu It would be much easier for the government to provide relief to people if the tax base was wider, says Revenue Secretary Tarun Bajaj, noting that four crore people don’t file returns though the tax department gets some TDS collections on their account. With major customs duty rationalisation done and corporate tax settled, the government hopes to finish some pending reforms in personal income tax and GST, creating a...
More »A recipe to deepen the distress in rural economy -Himanshu
-Livemint.com Rural economy has to deal with declining Incomes and rising cost of essentials The general consensus on the state of the Indian economy can be summarized as follows: The economy has been in a deep crisis even before the pandemic-led disruptions. Second, the crisis is not a result of supply constraints but is a result of demand deficiency, particularly in the rural economy. Recent evidence suggests that the impact of the slowdown...
More »A betrayal of the social sector when it needs help -Dipa Sinha
-The Hindu The government seems to have prioritised meeting its fiscal deficit targets rather than using this opportunity to signal a path of employment-centred and inclusive growth India continues to rank poorly in various global indices that reflect the quality of life, human capital or human development in the country, such as the Human Development Index (rank 131 out of 189 countries) and the Global Hunger Index (rank 101 out of 116...
More »Budget 2022: Lowest sections of our society who suffered most are not yet part of recovery story -Ashwini Kulkarni
-The Free Press Journal Today’s budget speech of the Finance Minister was more about Government’s intentions, intentions for a long term horizon like 25 years and little on this years’ specific plans. There is an oft-spoken phrase – where there is a will there's a way. If the policies of a Government is its Will then the Budget is meant to give the Way by providing the means with funds. Today’s budget...
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