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Square pegs, round holes -Amartya Lahiri

-The Indian Express Possibly the most problematic aspect of evaluating the budget is the opaqueness of the underlying data. The interest in this year’s Union budget had been high for obvious reasons. It being an election year, there were expectations of a major spending package focused on struggling sectors such as agriculture. The budget didn’t disappoint as the finance minister announced an income support programme for farmers, raised the tax-free income...

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Managing the stimulus -Neelkanth Mishra

-The Indian Express The income transfer scheme was the highlight of the budget. But its success will need deft manoeuvring. Like in each of the previous two years, the run-up to the budget this year was rife with fears of significant fiscal slippage if the government caved in to political compulsions. And like in prior years, these fears turned out to be exaggerated. The decline in fiscal deficit ratios has indeed...

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Education and Employment Drew Blanks in the Interim Budget -Kiran Bhatty

-TheWire.in The new vision wants youth to figure out education and skills on their own but still expects them to be the drivers of economic progress. Piyush Goyal, presenting the interim budget, called it a road map for peoples’ development – a fitting description for an election year budget. Accordingly, it contained the expected sops to farmers (income support), to the middle class and home owners (increase in income tax and rental...

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Can We Build a Home for the Homeless? - Tikender Singh Panwar

-Newsclick.in Dozens of people die every year in a city like Delhi because of the adverse weather conditions. The 70th Republic Day of India was celebrated as usual with fervour throughout the country. Various sections of the people have written elaborately in the media about the relevance of the day, and about the underlying principles of liberty, equality and fraternity in the Indian Constitution. Much has been stated about all these three important...

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Only 3% Mudra loans can generate monthly income of more than 10,000 -Prasanna Mohanty

-India Today The Narendra Modi government has claimed that its flagship Mudra loan scheme is generating employment. But, data shows a miniscule number of Mudra loans generate a return that satisfies even the minimum wage requirement. * The Modi-led govt has been showcasing the Mudra loan scheme to claim that millions of jobs are being created * There is no official data available on the number of jobs created due to the Mudra...

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