-Frontline.in Despite its deeply flawed neoliberal perspective, Economic Survey 2017-18 is rich in detail, has many useful analytical discussions at different levels of aggregation, and would serve as a useful resource for students and scholars. When Arvind Subramanian, the present Chief Economic Adviser to the Ministry of Finance who took office way back in October 2014, presented his first Economic Survey, the one for 2014-15, there was considerable novelty on offer, at...
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Dalit farmers may fail to benefit from agricultural sops announced by govt -Harry Stevens
-Hindustan Times In an effort to relieve farmers’ economic distress, the Centre included in the Union Budget an increase in the minimum support price (MSP) for monsoon crops and pledged Rs 500 crore to Operation Greens, a programme to help growers of tomatoes, onions, and potatoes. New Delhi: The benefits from the Union Budget’s concessions to agriculture will not be shared equally among Indian farmers. Dalits, in particular, may lose out on the...
More »Budget steps may not lift rural consumption soon -Ratna Bhushan & Sagar Malviya
-The Economic Times NEW DELHI | MUMBAI: The government's spending in the budget aimed at bolstering rural development and providing higher income for farmers has not increased significantly and it may take at least two quarters to drive growth in the hinterland, consumer goods companies said. More than a third of daily-use branded products are sold in the rural areas, home to about 800 million people, whose purchasing behaviour depends on farm...
More »Health Budget Could Have Been About People, But Now It's About Markets -Ravi Duggal
-TheWire.in The Budget speech pitch of ‘Swastha Bharat’ as ‘Samridha Bharat’ is deception, because the allocation for realising that is missing. Each year when the Budget is tabled in parliament, there is excitement and expectations. Should we say this used to be? Things have changed dramatically over the years. In the good old days, during the Budget session, we would wait excitedly to know about the price hike in petrol, diesel and kerosene....
More »Why MSP at 1.5 Times Cost Is Another Empty Promise for Farmers -Kabir Agarwal
-TheWire.in Arun Jaitley’s Budget speech was vague on the details, and closer inspection reveals that it was also misleading. Arun Jaitley, presenting his fourth Budget as finance minister, announced that he is fulfilling a promise made by his party in the election manifesto for the 2014 Lok Sabha elections – the promise of a minimum support price (MSP) that is 50% higher than farmers’ cost of production. “Government has decided to keep...
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