-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...
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Activist says budget is not good for farmers -Sowmya Aji
-The Economic Times BENGALURU: Finance Minister Arun Jaitley’s pro-farmer pro-rural budget has largely got a thumbs down from farm activists and agriculture experts in Karnataka, a state with 91 percent of its area reeling under severe drought and a rural economy collapse post-demonetisation. The state’s current agriculture Growth Rate, despite the drought, is an estimated 4.2 per cent, marginally higher than the 4.1 per cent that Jaitley has projected for the country....
More »Budget 2017: High on rhetoric, low on delivery -Himanshu
-Livemint.com While there have been some positives, including the reforms on political funding, the real test of the budget was the ability to manage spending to revive the economy This was the fourth budget of the National Democratic Alliance (NDA) government. Coming at a time when the world around is full of uncertainties, more was expected from the budget than what has been delivered. The domestic uncertainty is certainly the outcome of demonetisation....
More »0.5% tragedy and DeMo confession
-The Telegraph New Delhi: The Demonetisation Demon will gouge India's economic growth in 2016-17 by at least half a percentage point, chief economic adviser Arvind Subramanian told reporters after presenting the Economic Survey a day before the budget. Subramanian, who was voicing his views for the first time on the deeply polarising subject of demonetisation, rejected the dire prophecies of other Oracles, including his former employer, the International Monetary Fund, that projected...
More »Will we miss the budget opportunity? -Jayati Ghosh
-The Indian Express Post-demonetisation, a reversal of the slowdown would require enhanced public spending. It doesn’t appear to be forthcoming. Given the economic uncertainty around the world and the demonetisation-induced domestic downturn in the Indian economy, preparing this year’s Union budget was never going to be an easy task. But the Modi government seems determined to make its task harder. It has managed to generate expectations — that will almost inevitably remain...
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