-The Telegraph New Delhi: The Union environment ministry has reclassified industries depending on their pollution potential, ranging from 60 "red" category units prohibited from ecologically fragile and protected areas to 36 "white" industries that will not require any environmental clearance. The list released today after a year-long internal exercise is intended to appropriately reflect the pollution potential of India's diverse industrial units taking into account their emissions, effluents, hazardous wastes and consumption...

-AP/Bloomberg Whether Modi can raise farmer incomes without stoking inflation may determine if his economic vision is any different from the previous Congress-led govt New Delhi: Shortly after Prime Minister Narendra Modi swept to power in 2014, his first economic plan promised modern cities, manufacturing corridors and bullet trains to aspirational Indians yearning to join a ‘neo middle class.’ This week his latest budget struck a much different tone, listing a slew...

-The Hindu Business Line The proposed investment in healthcare is inadequate Budget 2015 was catastrophic for health, as investments tanked to a historic low. Against that backdrop, when the Finance Minister talks about measures to tackle catastrophic health events, there’s bound to be some scepticism.     And that deepens on hearing the plan for a ₹ 1 lakh insurance to address catastrophes. Yes, impoverishment due to out-of-pocket expenditure on health is a major...

-The Indian Express Central allocations for agriculture are less important than the state budgets. I took the night train to Delhi to participate in budget-day discussions and my co-passenger, who boarded the train in ravaged Punjab, asked me a simple question: “50 farmers are committing suicide everyday; will the budget end farmer suicides?” My answer was — and still is — “No.” The Union budget is just the government’s bookkeeping exercise...

-The Tribune While giving concessions worth Rs.1,000 crore in the direct taxes paid by the rich, the government plans to net an extra Rs. 19,000 crore in indirect taxes, which are contributed by all. This reveals a regressive intent. Like all Union budgets, this one also is long on promises but hides the real dynamics, namely, how the resources are to be raised for the promised very substantial expenditures. The budget is...