-TheWire.in The message coming out of finance minister Arun Jaitley’s budget this year is that the rural economy is back at the heart of policy-making. One of the highlights of the budget was the announcement of the ‘Health Protection Scheme’, under which poor households will be provided with an annual cover of Rs. 1 lakh to protect them from health-related financial shocks. This marks a significant expansion of the Rashtriya Swasthya...
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Laying the ground
-The Hindu Business Line The Budget’s agriculture focus is welcome, but it could have done better A Budget with a purported focus on agriculture could not have come at a better time. There has been a sharp dip in agriculture output from a trend rate of growth of 4 per cent per annum in the period 2004-05 to 2011-12 to about 1.5 per cent in the next four years, which includes a...
More »Watch farmer incomes to see if Narendra Modi is really transforming India
-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...
More »Unhealthy Budget: Tokenism in the name of catastrophe -Indranil Mukhopadhyay
-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...
More »Political expediency wins over cooperative federalism -Nitin Sethi & Ishan Bakshi
-Business Standard Cess, surcharges come in handy New Delhi: Looking to leave its political imprint over spending in rural India, the National Democratic Alliance (NDA) government has budgeted for a massive 31 per cent hike in its share of spending on nine big-ticket centrally sponsored schemes (CSS) in 2016-17 over last year's budgetary allocation. Last year's Budget mantra of 'cooperative federalism' has been sidestepped to favour political exigencies. To fund these schemes, which...
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