-The Hindu The Finance Minister’s prescriptions are a classic case of being unable to see the wood for the trees, be it on the tax proposals, the rural outreach or the bank bailout. It was a marathon achievement: 12,187 words in 111 minutes. True, there were no interruptions; the Finance Minister virtually sent the House to sleep. I have listened to many Budget speeches; and I cannot say that Dr. Manmohan Singh...
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No Gamechangers For Farmers -Ashok Gulati
-The Indian Express Budget makes the right moves on agriculture, but they may not be bold enough. In the last two weeks, Prime Minister Narendra Modi addressed three rallies of farmers, one each in MP, Karnataka and UP. Although it was late in the game, as farmers have been reeling under acute distress for two years, yet better late than never. Addressing the rallies, the PM thundered he would like to...
More »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...
More »The ‘human face’ of Budget 2016-17 -CP Chandrasekhar
-The Hindu With an eye on the upcoming elections in different States, Union Finance Minister Arun Jaitley has declared that he is presenting a Budget that provides “additional resources for vulnerable sections, rural areas and social and physical infrastructure”. But since aggregate expenditure in nominal terms is slated to rise by just 10.8 per cent between this financial year and the next, that seems difficult to believe. Consider, for example, the...
More »Rail Budget 2016: Kudos Suresh Prabhu, for signalling much-needed focus shift to customers, staff -Payal Dey
-FirstPost.com Preparation of budgets is traditionally an incremental process: the first railway budget of the present government took off from the landscape sketched in the 12th Five Year Plan. Expansion, modernisation and development of railway infrastructure were to be given thrust through 3Ps: Public-Private Partnerships. Budget 2016-17, however, promises a new horizon on two fronts: overcoming challenges through 3Rs: Reorganising, Restructuring and Rejuvenating Indian railways, and introducing pillars of strategy, including zero-based...
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