-The Hindu Policy should address credit, crop insurance, drip irrigation The government’s efforts to focus on the welfare of farmers in the Union Budget is admirable. However, in a zero-sum situation such as budget allocation, the government often finds itself trying to choose between short-term results and long-term benefits. Short term results might come with loan waivers and increase of Minimum Support Price (MSP), but care should be taken to address the...
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Size of tax rebates is large as compared to spending by agricultural & rural development ministries
Believe it or not, the total revenue foregone in 2017-18 on account of special tax rates, exemptions, deductions, rebates, deferrals and credits -- broadly termed as 'tax expenditures' (an indirect subsidy) – that was given to corporate taxpayers has been more than 50 percent of the expenditure incurred by the Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) altogether in that year. In other...
More »Budget 2018: It is by the privileged for the privileged -Aruna Roy
-The Financial Express Budget 2018: The government claims that this is the Budget for a “new India”.However, this vision excludes rural workers, small & marginal farmers and the unorganised sector. Many claims are being made about the farm sector. The fact is even the “optics” only partially meet these. The substance of this Budget shows how little it caters to farmers, and the economically & politically marginalised. The demand of farmers agitating...
More »'Of Hits and Misses: Analysis of Union Budget 2018-19' -CBGA
-Centre for Budget and Governance Accountability (CBGA) Union Budget 2018-19 is the fifth and the final full-year budget of the current ruling dispensation. The major plank on which this government was elected in 2014 with an exceptional mandate were issues of development related to reducing corruption, generating meaningful employment opportunities, tackling inflation (especially food inflation, an issue plaguing the economy at that point of time), reducing inequality, and pushing the economy...
More »Political Messaging Masks Budget 2018's Actual Delivery in the Social Sector -Yamini Aiyar and Avani Kapur
-TheWire.in Even as schemes have received minimal allocations, this budget signals an important shift in the political narrative. Gone is the focus on jobs, skills, aspirations and empowerment. Arun Jaitley had a difficult choice to make this budget. Maintain fiscal prudence or respond to growing demands for public expenditure in light of growing rural distress and at the same time keeping an eye on 2019. He did this today with great panache....
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