-Centre for Budget and Governance Accountability Budget 2017-18 is placed at an important juncture when there has been a thrust by the government for a digitised and a consequent cashless economy with the demonetisation of high value currency notes undertaken in November last year. A number of claims have been made in the budget speech by the Finance Minister regarding longer term benefits of this move for the Indian Economy. To...

-The Hindu FM allocates Rs.48,000 crore for MGNREGA; says it will be brought under digital scrutiny The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), once described by Prime Minister Narendra Modi as a “living monument of the UPA’s failure,” got its highest ever allocation — Rs.48,000 crore — since its inception over a decade ago.   Finance Minister Arun Jaitley, however, indicated that the funds dispensed would come under increased digital scrutiny. “The...

-Livemint.com It should lay to rest the ongoing debate about this government’s attempt to radically restructure India’s welfare architecture There were no surprises—no helicopter drop of money into Jan-Dhan accounts, no move to dismantle ongoing welfare schemes in favour of a universal basic income (UBI). Far from being the populist, game-changing budget that many had expected, Union finance minister Arun Jaitley presented a sombre, status quo budget which, apart from some tinkering...

-The Indian Express Considering all these aspects, farmers had higher expectation that Budget 2017-18 would give them the best deal. However, this expectation was not met. It is now widely recognised and reported that farmers in India are facing a distressing situation. During 1995-96 to 2015-16, about 3 lakh farmers in the country committed suicide due to economic distress and depression. The Election Manifesto of Bharatiya Janata Party in both 1998 and...

-The Telegraph New Delhi: The Centre today proposed its highest ever budget allocation for the rural job guarantee scheme but critics rued that the increase was just Rs 500 crore over the revised allocation last year. Finance minister Arun Jaitley announced Rs 48,000 crore for projects and payment under the Mahatma Gandhi National Rural Employment Guarantee Act, flagging the hike from the Rs 38,500 crore allocated last year (See chart). Social activists, however,...