-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...
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Get down to business -Ashok Chawla
-The Indian Express If India is to improve its ease of doing business rank, the Centre needs to partner with states Twenty-five years ago, there would have been no interest in a subject such as the ease of doing business in India. What mattered then was the level of protection the closed economy provided and the ability to negotiate industrial approvals from Udyog Bhawan. Much water has since flown down the...
More »Use public sector lands for Make in India-like businesses, suggests Economic Survey -Kundan Pandey
-Down to Earth It also recommends the use of public lands for start-ups and industrial clusters The Economic Survey tabled on Friday has suggested that lands occupied by the public sector be converted for use by businesses under campaigns launched by Prime Minister Narendra Modi such as “Make in India” and “Smart City”. The second chapter of the survey (volume 1)—The Chakravyuha Challenge of the Indian Economy—makes a case for utilising publicly-owned land...
More »A budget for Bharat can reset the narrative -Anil Padmanabhan
-Livemint.com Pro-poor and yet not populist can be the single defining strand of this year’s Union budget The run-up to this year’s Union budget, especially the past one week, has taken place in the backdrop of an unprecedented, vicious political confrontation between the ruling Bharatiya Janata Party (BJP) and the opposition. Together with the hit-wicket tendencies of the BJP-led National Democratic Alliance (NDA), it probably exaggerated the magnitude of every challenge...
More »‘India budget weak in public participation; limited in transparency’ -Karnika Bahuguna
-Down to Earth The country’s performance in terms of public participation and budget oversight by the legislature was rated “weak” in the survey As Union Finance Minister Arun Jaitley gears up to present the Union Budget 2016-17 (April-March), it is worth noting that an international survey of budgets of over a 100 countries points out that India provides “limited” budget information in the public domain. The Open Budget Survey 2015, released by the...
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