-The Hindu ‘Economic Survey also against norms’ New Delhi: If the Narendra Modi government presents a full Budget instead of a vote-on-account, it will not only be improper but also unconstitutional, former Finance Minister Yashwant Sinha said on Monday. “No Finance Minister has presented a Finance Bill in a vote-on-account session. If this government does that, it will be the first time and it will be in direct contravention of the Constitution,”...
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Government weighs options for pre-poll farm package -Vishwa Mohan
-The Times of India NEW DELHI: Will it be Telangana’s ‘Rythu Bandhu’ or Odisha’s ‘Kalia’ scheme which the Centre bets on in its much anticipated farm package ahead of general elections? Apart from these two schemes, the Centre is also looking at some proposals including area-based income compensation and waiving off premium for crop insurance and interest on loans for farmers who pay on time. The Centre’s farm options are due to...
More »Govt should launch basic income scheme: Arvind Subramanian
-The Indian Express Subramanian’s suggestions come days ahead of the Budget to be presented on February 1. Incidentally, Congress President Rahul Gandhi said his party will bring Minimum Income Guarantee for every poor person if voted to power. New Delhi: In order to tackle agrarian distress effectively, the Central government and the states should launch a basic income scheme which guarantees minimum cash transfers to all except the well-off in rural...
More »Union Cabinet may soon approve relief package for farmers
-PTI The Union Cabinet is expected to soon approve a relief package for farmers grappling with falling prices of their crops and to tackle distress in the farm sector, according to sources. The likely relief package is seen as an attempt to assuage the farming community’s discontent ahead of the general elections. “...The Agriculture Ministry’s proposal on addressing income deficit syndrome of small and marginal farmers is on the agenda (at the Cabinet...
More »Explained: What's the difference between a full Budget and an interim Budget? -Shaji Vikraman
-The Indian Express Budget 2019: At the end of its term, a government usually presents a vote on account rather than a full Budget. What is the difference? A look at what interim Budgets have covered over the years, or left for the next government. Chennai: On February 1, the government is set to present its last Budget ahead of the elections. Conventionally, a government at the end of its term...
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