-The Indian Express The budget recognises the crisis in rural India, but allocations do not match the talk In India now, there appears to be an inverse relationship between the time finance ministers spend talking about a particular issue in their budget speeches and the amount of money they actually allocate to deal with it. This was true of former Finance Minister P. Chidambaram’s budget speeches, but incumbent FM Arun Jaitley...
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Pretending to be pro-poor, little change over UPA -Arun Kumar
-The Tribune While giving concessions worth Rs.1,000 crore in the direct taxes paid by the rich, the government plans to net an extra Rs. 19,000 crore in indirect taxes, which are contributed by all. This reveals a regressive intent. Like all Union budgets, this one also is long on promises but hides the real dynamics, namely, how the resources are to be raised for the promised very substantial expenditures. The budget is...
More »The Poor Badly Needed a Good Budget this Year. Well, They Didn’t Get It. -Bharat Dogra
-TheWire.in Jaitley said he was making a record allocation to NREGA but the increase is a modest one in real terms and is even more suspect if one considers the backlog from previous year, particularly of delayed wages While various lobbyists did what they could to keep the finance ministry well informed about their demands, one is not so sure whether the needs of the poorest and most needy sections were articulated...
More »The ‘human face’ of Budget 2016-17 -CP Chandrasekhar
-The Hindu With an eye on the upcoming elections in different States, Union Finance Minister Arun Jaitley has declared that he is presenting a Budget that provides “additional resources for vulnerable sections, rural areas and social and physical infrastructure”. But since aggregate expenditure in nominal terms is slated to rise by just 10.8 per cent between this financial year and the next, that seems difficult to believe. Consider, for example, the...
More »Government tries to harvest success with farmer-friendly Budget -Richard Mahapatra
-Down to Earth The 2016 Budget has the right intent for the rural sector, but lacks clarity Union finance minister Arun Jaitley devoted a major part of his third budget speech to “transform India” and of the nine pillars to achieve the goal, three were on strengthening the rural sector. Altogether, the rural sector (including irrigation and agriculture) received close to Rs 200,000 crore this Budget, which makes one point clear:...
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