-The Indian Express The budget needed to break new ground, provide a thrust to a slowing economy. This budget lacks innovation. Economics has never been a strong point of the NDA government. Its only two major economic forays, demonetisation and the GST, have both turned out to be pretty disastrous. It was futile, therefore, to expect much from the Union Budget for 2019-20. Even so, one is surprised by the budget’s...
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Union Budget: At the bottom of the page lie Nirmala's deficit secrets -Devadeep Purohit
-The Telegraph Sitharaman spun a narrative, listed some intent but did little to give the economy a much-needed push The nation had swooned over Narendra Modi’s Mazboot Bharat narrative in April-May, giving the BJP a thumping victory in the Lok Sabha polls. The success of the saffron camp in spinning narratives was in full display on Friday when Nirmala Sitharaman rose to present the Union budget 2019-20 that the ruling dispensation in...
More »Government keeps options open for more fuel price hikes -TCA Sharad Raghavan
-The Hindu Finance Bill provides for rise of Rs.5/litre While the Budget has effected a hike in the duties and cess on petrol and diesel amounting to Rs.2 per litre, the government has given itself the leeway for a further increase of levies by Rs.5 per litre, Revenue Secretary Ajay Bhushan Pandey said. While Finance Minister Nirmala Sitharaman had announced a Rs.1/litre increase in the Special Additional Duty (SAD) on petrol and diesel...
More »With little allocation for agriculture, budget sends a worrying signal -Ashok Gulati
-The Indian Express One notable thing was the absence of emphasis on doubling farmers’ real incomes by 2022. Perhaps the reality that this is an uphill task has dawned on the government — it may not achieve even half the target. In her first budget speech, Finance Minister Nirmala Sitharaman reminded us of the famous quote from M K Gandhi, that the “soul of India lives in villages”. She also said...
More »Funds for education of SCs, STs slashed in Budget, say rights groups
-The Indian Express It pointed out that fellowships and scholarships for PhD and post-doctoral courses have constantly declined since 2014-15 - from Rs 602 crore to Rs 283 crore in 2019-20 for SC students and from Rs 439 crore to Rs 135 crore for ST students. New Delhi: The funding for secondary and higher education of Scheduled Caste (SC) and Scheduled Tribes (ST) students has received a setback in the Union...
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