-The Hindu The national discourse is so superficial that it only talks of foreign direct investment, investment allowance, tax sops and the like which are just about a twentieth to a sixth of the national economy. It did not even notice paragraph 102 in the Union budget speech which is about half of India's economy. Commentators see facts hidden in budgets as the "devil's in the detail." This presumes that only...
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No focus on Punjab issues -Sarbjit Dhaliwal
-The Tribune Chandigarh: There is nothing much for Punjab in the Union Budget. In fact, it has left important issues pertaining to state's fiscal health and economy untouched. As far as Punjab is concerned, the Union Budget is disappointing," said eminent economist Sucha Singh Gill. The Budget has left state's debt issue untouched. When Pranab Mukherjee was the Finance Minister, he had proposed to set up a special committee at the Union Government...
More »Agriculture & Social sectors: No breaking away from the past
-The Business Standard Slew of monetary allocations show no clear shift in strategy Finance Minister Arun Jaitley peppered his long speech with announcements of 28 schemes and projects of Rs 100 crore each. This suggests the National Democratic Alliance had grafted a social and agriculture agenda different from the United Progressive Alliance's. However, it was a relatively low-cost trick to dazzle and distract in a year when fiscal constraints remain as worrisome. The...
More »Rs. 37,880 crore to be pumped into nation’s road network -Sandeep Dikshit
-The Hindu Rs. 3,000 crore for the North-East alone; fillip to PM's rural scheme The Union Budget 2014 has given importance to fast-tracking highways and improving the road infrastructure to augment the nation's arterial network. "The sector had taken shape between 1998 and 2004 under NDA-I. The sector again needs huge amount of investment," said Finance Minister Arun Jaitley while tabling the Budget. "I propose investment in National Highways Authority of India and...
More »Human Development to be Taken into Account in Formulating and Implementing Social Sector Programmes: Economic Survey 2013-14
-Press Information Bureau/ MINISTRY OF FINANCE The Economic Survey 2013-14 presented by the Finance Minister Shri Arun Jaitely as precursor to the General Budget in the Lok Sabha today shows some interesting results of inter-state comparisons of socio-economic development of select states based on available indicators from various sources and furnish some clear policy pointers. While some states have done very well in terms of growth indicators, they are poor performers...
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