-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...
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Arvind Subramanian, Chief Economic Advisor, interviewed by Business Standard
-Business Standard Indian economy is closely integrated with the global economy, which is facing a slowdown, and so the headwinds are difficult to avoid, Chief Economic Advisor Arvind Subramanian told journalists in an interaction after presenting the Economic Survey 2015-16. In this uncertain environment, monetary and fiscal policies should aim to purchase insurance, so to speak, against the global slowdown, he said. Edited excerpts: * In the backdrop of a global slowdown,...
More »Budget 2016: boost likely for job schemes -Arup Roychoudhury
-Business Standard Also for other programme impacting the non-urban economy, in the wake of two years of partial drought The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) seems likely to get its highest budgetary allocation since its launch a decade before. This allocation for 2016-17 could cross the previous highs of Rs 40,100 crore in the 2010-11 Budget and Rs 40,000 crore in 2011-12, by then finance minister Pranab Mukherjee. Actual spending...
More »Union Budget likely on February 29
-The Hindu The government aims to sustain high growth and is likely to incorporate a 3-year road map. The NDA Government will present Budget 2016-17 in Parliament on February 29, Minister of State for Finance Jayant Sinha said on Thursday. The Government aims to sustain high growth and may incorporate a two-three year roadmap for economic policies, he said. “We are working hard on Budget that will be presented on February 29 and that...
More »Arvind Subramanian, Chief Economic Advisor, speaks to Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana
-Business Standard Chief Economic Advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the Chief Economic Advisor (CEA) or that of the government? I see my role as a member of the government. I...
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