-Hindustan Times Fiscal prudence has been compromised in favour of pleasing every conceivable vote bank the NDA can appeal to What a difference five years make. In July 2014, when the National Democratic Alliance (NDA) unveiled its first full budget, finance minister Arun Jaitley made clear that the NDA was against “mindless populism”. “India,” he said in a media interaction, “has to make a choice between mindless populism and fiscal prudence…. the...
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Budget 2019: Farmer payout Rs 6,000 won't cost much but won't mean much either -Harish Damodaran
-The Indian Express Under the Pradhan Mantri — Kisan Samman Nidhi scheme, all farmers cultivating up to two hectares (5 acres) will get direct income support of Rs 6,000 annually, payable in three equal instalments of Rs 2,000 each. Work out the basic arithmetic of a farm’s expense — fertiliser, machinery, fuel, seeds — and an annual Rs 6000-payout, an average of Rs 16.40 a day, doesn’t add up to much. In...
More »There is so much confusion about the Pradhan Mantri Kisan Samman Nidhi Yojana
Against the backdrop of the Finance Minister Shri Piyush Goyal announcing the Pradhan Mantri Kisan Samman Nidhi (PMKSN) programme during his budget speech on 1st February, 2019, it becomes essential to differentiate between 12.56 crore operational holding households (enumerated, as per the Agriculture Census) and 13.33 crore ownership holding households (estimated, as per the 70th round National Sample Survey report no. 571) pertaining to size upto 2 hectares. In his budget...
More »Prof. Abhijit Sen, a former member of the erstwhile Planning Commission, interviewed by Asit Ranjan Mishra (Livemint.com)
-Livemint.com If you want to give a cash benefit, do it without distinguishing between farmers and non-farmers A toothless NITI Aayog is trying to flex its muscles on India’s statistical system. And in doing so, it is destroying its credibility NEW DELHI: The income support scheme announced in the Interim Budget for small and marginal farmers is both regressive and inefficient, because it neither includes the poorest landless farmers, nor does it...
More »The boundaries of welfare -Prabhat Patnaik
-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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