-Frontline.in The Modi government has apparently realised that the private sector is not up to the task of driving growth. It hopes to fund its neoliberal dream of India becoming the fastest-growing emerging market through a combination of off-Budget borrowing and drastic expenditure reduction in key social sectors. IT will soon be a year since the National Democratic Alliance (NDA) government under Prime Minister Narendra Modi took office at the Centre....
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Aahaar seeks corporate fuel -Subhashish Mohanty
-The Telegraph Bhubaneswar: The Naveen Patnaik government has sought the corporate sector's help to finance its new Aahaar (food) scheme, under which rice and dalma would be served to people at lunchtime for Rs 5. The scheme would be launched on April 1, coinciding with the 79th foundation day of the state, in Bhubaneswar, Cuttack, Berhampur, Sambalpur and Rourkela. It would cater to 25,000 people every day. In Bhubaneswar, the subsidised food will...
More »Losing the plots -Pratap Bhanu Mehta
-The Indian Express The debate over the land acquisition bill is increasingly marked by political tone deafness and legislative hubris. The government has offered minor amendments. But most of them are designed to display its consistent ability to be too clever by half rather than its ability to address deep issues. The 2013 bill had been framed in the context of several issues. The now much-maligned Land Acquisition Act of 1894...
More »The budget exposes the class bias of the Modi govt -Prasenjit Bose
-Hindustan Times Finance Minister Arun Jaitley's claims of already having achieved an economic turnaround, made in his budget speech, evoke suspicion. Inflation is certainly down and so is the current account deficit, but that has almost entirely to do with the crash in international crude oil prices, which have fallen from $110 per barrel in June 2014 to around $57 per barrel currently. In fact, rather than passing on the full...
More »Strong on the social sector side -Yashwant Sinha
-The Hindu Budget making is a complex exercise, especially in a country like India. Therefore, the parameters to judge the annual budget are also many. For me, the arithmetic of the budget is the first. According to the statements made by the Prime Minister and the Finance Minister, one expected the fiscal deficit targets to be adhered to. However the Finance Minister has extended it from two to three years....
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