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No clean slate -Arvind Virmani

-The Indian Express The forthcoming budget is expected by some to be make-or-break or path-breaking, by others, to provide a legislative or economic roadmap for the rest of this government's term. Most likely, it will focus on issues within the purview of the finance ministry, namely, macro management, taxation, expenditure, the financial sector and balance of payments. The abolition of the Planning Commission and the 14th Finance Commission recommendations on tax devolution...

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Highlights of Union Budget 2015

-The Hindu FM's Budget speech dwelt on agriculture, public investments in infrastructure, manufacturing and social sector spending. States to be equal partners in economic growth; move to making India cashless society; social sector programmes to continue. Some of the challenges mentioned by the Finance Minister are: poor agricultural income, decline in manufacturing ; and the need for fiscal discipline. Here are sector-wise highlights: TAXATION 1 Abolition of Wealth Tax. 2 Additional 2% surcharge for the super...

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Goa's Mining Logjam -Pamela D’Mello

-Economic and Political Weekly   The stage is all set for the resumption of iron ore mining in Goa after it was suspended in the state in 2012, to curb its indiscriminate and illegal mining. The Goa government's decision to renew the mining leases comes at a time when the economics of iron ore mining have changed and environmental concerns have gained more prominence. Pamela D'Mello (dmello.pamela@gmail.com) is a Goa-based journalist. The state government...

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5 Ways This Budget Can Make Agriculture Profitable - Nidhi Nath Srinivas

-The Huffington Post Going by the number of farmers, Indian agriculture is the nation's largest private enterprise. And also the only one lacking free markets. So it is hardly surprising that half of India's population, since it depends on agriculture, contributes only 15% of the country's income. The shocking waste of entrepreneurial energy, time and resources of 263 million farmers and laborers has kept rural families in poverty, accelerated urban migration...

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Food insecurity and statistical fog -Jean Drèze

-The Hindu The implementation of the National Food Security Act is mired in apathy and confusion. A grave injustice is being done to millions of people who live on the margin of subsistence. It is not too late to remove the roadblocks, but this requires a sense of urgency An odd silence has surrounded the National Food Security Act (NFSA) in the last few months - as if food insecurity were a...

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