-The Times of India Spending on education as a share of the central government's total budgeted expenditure has been falling for the past three years. Compared to 2013-14, the last year of UPA, when education got 4.57% of the total expenditure, there has been a steady decline — 3.65% in 2016-17, according to this Budget's revised estimate, with the estimated outlay for the coming year showing a minor uptick at 3.71%. Looking...
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Will Budget help double farmers' income? -Vidya Venkat
-The Hindu Most of the earnings of the average farm household were spent in meeting consumption expenditures. Finance Minister Arun Jaitley announced a slew of measures in the Union Budget 2017 to boost the agriculture SECtor. Higher agricultural credit, higher allocation for irrigation projects, a crop insurance scheme and increased allocations for MGNREGA to dig farm ponds were among the measures announced on February 1. But will these help attain the goal...
More »Such Incredibly Accurate Revenue Budget Estimates? -Anuj Srivas
-TheWire.in Were the budget estimates for corporation and income taxes in 2016-17 a good coincidence or were they supposed to have been be qualified with a note? New Delhi: For the first time in at least ten years, the budget estimates (BE) of India’s corporate tax and income tax revenue receipts have exactly matched their corresponding revised estimates (RE) – give or take a couple of decimal points. A key part of every...
More »How the Krishi Kalyan Cess funded flagship schemes for farmers -Sayantan Bera
-Livemint.com Krishi Kalyan Cess, a 0.5% cess on all taxable services introduced last year to support a drought-hit farm SECtor, will raise Rs 9,000 crore in 2016-17 New Delhi: Krishi Kalyan Cess, a 0.5% cess on all taxable services introduced last year to support a drought-hit farm SECtor, will raise Rs 9,000 crore in 2016-17, budget documents presented in the parliament on Wednesday showed. The central government is spending money from this corpus...
More »A status quo budget for the social SECtor -Yamini Aiyar
-Livemint.com It should lay to rest the ongoing debate about this government’s attempt to radically restructure India’s welfare architecture There were no surprises—no helicopter drop of money into Jan-Dhan accounts, no move to dismantle ongoing welfare schemes in favour of a universal basic income (UBI). Far from being the populist, game-changing budget that many had expected, Union finance minister Arun Jaitley presented a sombre, status quo budget which, apart from some tinkering...
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