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‘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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Budget expectations for rural sector

Amidst uncertainty over India's performance in terms of agricultural production and livelihood security of rural population, the Union Budget of 2016-17 will be presented by Finance Minister Shri Arun Jaitley on 29 February. Given the extent of drought in more than 10 states of India during 2015-16, it is expected that the NDA Government will allocate more resources for rejuvenating the rural sector. Since the country has seen two years of...

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12 important Bills that our lawmakers will seek to pass this Budget Session

-The Hindu The Budget Session of the Indian Parliament will be held from Feb. 23 to May 13, 2016 with 31 sittings in all. The agenda for this government, caught in the midst of various political storms such as Rohith Vemula’s suicide and the crisis at Jawaharlal Nehru University, would be to draw consensus among all MPs for 12 essential Bills. Most of them — listed below — have already been...

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Some Reflections on Agrarian Prospects -Abhijit Sen

-Economic and Political Weekly Abhijit Sen (abhijitsenjnu@gmail.com) retired recently from the faculty of the Centre for Economic Studies and Planning, Jawaharlal Nehru University; he has also been a Member of the Planning Commission and then of the Fourteenth Finance Commission. Indian agriculture is once again in a slowdown. After the spurt of 2004-05--2011-12 when growth accelerated and the variability of production declined, in recent years growth has slowed and volatility has risen....

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Reality of US Farm Subsidies: An Analysis of Agricultural Act of 2014 -Biswajit Dhar & Roshan Kishore

-Economic and Political Weekly Biswajit Dhar (bisjit@gmail.com) teaches at the Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi. Roshan Kishore (roshan.jnu@gmail.com) is currently a data journalist with Mint. With the formation of the World Trade Organization in 1995, the United States farm subsidies had moved towards income support, reducing spending on price support measures. The explicit reason was that the WTO had held that the latter forms were more...

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