-The Indian Express Interim budget indicates that the Government’s electoral strategy is to win over the ‘intermediate classes’ while ignoring the poor. The Narendra Modi Government has now carried its penchant for undermining institutions to the national budget itself. Not only has it treated what should have been an interim budget, as its tenure lasts barely two months into the new financial year, as a full-fledged budget, but it has also...
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Budget 2019: Behind Chest Thumping, Cuts in Welfare and Silence on Jobs -Subodh Varma
-Newsclick.in The Interim Budget granted a paltry Rs 500 per month to farmers as relief, fund cuts for dalits, adivasis and minorities, and was silent on agricultural and industrial workers. It was the theatre of absurd in the Lok Sabha on Friday as replacement Finance Minister Piyush Goyal presented the Interim Budget through an election speech, tom-tomming the so-called achievements of the Narendra Modi Government over the past five years, offering an...
More »Interim Budget a 'big disappointment' for education sector: RTE forum national convenor -Madan Kumar
-The Times of India PATNA: The Right to Education Forum’s national convenor Ambarish Rai on Friday said the interim Budget came as a ‘big disappointment’ for education sector. He said the insufficient allocation for education sector shows the union Government’s shrinking responsibility towards school education and implementation of the Right to Education (RTE) Act-2009. "The Budget again fails to provide the long pending demand of an investment of 6% of GDP on education....
More »Only 3% Mudra loans can generate monthly income of more than 10,000 -Prasanna Mohanty
-India Today The Narendra Modi Government has claimed that its flagship Mudra loan scheme is generating employment. But, data shows a miniscule number of Mudra loans generate a return that satisfies even the minimum wage requirement. * The Modi-led govt has been showcasing the Mudra loan scheme to claim that millions of jobs are being created * There is no official data available on the number of jobs created due to the Mudra...
More »Why everybody loves Universal Basic Income -Ankita Dwivedi Johri
-The Indian Express The Budget has promised an assured income to farmers, Rahul Gandhi a minimum income guarantee, and Sikkim a universal basic income by 2022. Back in 2016-2017, the Economic Survey said UBI was an idea whose time was ripe for discussion. As that talk picks up in the run-up to the Lok Sabha elections, The Indian Express parses the debate, starting from India’s only two pilot projects FINANCE Minister...
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