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Questions that need answers -Paranjoy Guha Thakurta

-The Asian Age As one listened to finance minister Arun Jaitley deliver his third Budget speech, the overwhelming impression that was sought to be created was along anticipated lines. Here was a government whose heart was bleeding for the hapless farmer toiling in the fields, the agriculturist whose livelihood has been all but destroyed by two successive monsoon failures. Here was an administration whose representatives were concerned about the “curse of...

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By no means a ‘socialist’ Budget -G Sampath

-The Hindu Be it education, health, pensions for the socially vulnerable, distressed farmers, or MGNREGA, the 2016 Union Budget has nothing radical to offer. Appearances can be deceptive. Finance Minister Arun Jaitley’s emphasis on doubling farm incomes, Rural Development, and allocations for a battery of impressively named schemes for the social sector may give the impression that the right-wing NDA government has suddenly taken a ‘socialist’ turn. The reality, however, is otherwise. Howsoever...

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Highlights of Union Budget 2016-17

-The Hindu In case you missed the Budget, here's a round-up. Affirming that the economy is right on track, Finance Minister Arun Jaitley presented the Union Budget for 2016-17. Citing that the CPI inflation has come down to 5.4% from 9 plus, he said it is huge relief for the public. Tax Infrastructure and agriculture cess to be levied. Excise duty raised from 10 to 15 per cent on tobacco products other than beedis 1 per...

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Neglecting Health Expenditure in Favour of the Chimera of Insurance -Dipa Sinha

-TheWire.in When the data tells us insurance-based health schemes have not reduced out-of-pocket expenditure for the poor, Jaitley’s budgetary focus should have been on boosting public provision of health care. Despite sustained economic growth for over two decades, improvements in health indicators in India have not kept pace. By 2015, India was able to meet only four out of the ten health targets set under the Millennium Development Goals (MDGs) for that...

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Budget 2016: Govt raises agriculture spending to Rs.36,000 crore -Sayantan Bera

-Livemint.com Increased funding to go into irrigation schemes, crop insurance, national e-market for farm produce, pulse production and interest subsidy New Delhi: In a major push for agriculture in the Union budget, funding for the recently launched crop insurance scheme Pradhan Mantri Fasal Bima Yojana (PMFBY) has been more than doubled from Rs.2,589 crore in 2015-16 (budget estimate) to Rs.5,500 crore for 2016-17. The budget announced on Monday placed a renewed focus...

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