-Livemint.com While there have been some positives, including the reforms on political funding, the real test of the budget was the ability to manage spending to revive the economy This was the fourth budget of the National Democratic Alliance (NDA) government. Coming at a time when the world around is full of uncertainties, more was expected from the budget than what has been delivered. The domestic uncertainty is certainly the outcome of demonetisation....
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A Budget few can quarrel over -TT Ram Mohan
-The Hindu Arun Jaitley has steered clear of populist giveaways in the run-up to Assembly elections Some said it was a ‘make or break’ Budget, one that would use the potential gains from demonetisation to give a decisive push to economic growth. Others said it would be a populist budget aimed at the upcoming elections in Uttar Pradesh and elsewhere. It has turned out to be neither. Finance Minister Arun Jaitley has presented...
More »Cash-for-all worth a debate: Economic Survey
-The Times of India NEW DELHI: Universal Basic Income (UBI) or direct cash transfer is a powerful idea that mandates serious discussion, the Economic Survey said on Tuesday as it presented scenarios both for and against the scheme — which is aimed at eradicating poverty. It said that a UBI that reduces poverty to 0.5% would cost between 4-5% of GDP, assuming that those in the top 25% income bracket do...
More »Late-night deal: Fuel pumps say no, then yes to card payments
-The Times of India BENGALURU/ NEW DELHI: Through Sunday, the media was buzzing with reports that petrol pumps would refuse to accept card payments for fuel from Monday. Anxious consumers, already grappling with a cash shortage, fretted that this would directly clash with the government's efforts to wean people off cash and encourage digital payments. Finally, there was some relief on Sunday night after banks agreed to defer their decision to charge...
More »Pronab Sen, Country director of the International Growth Centre, interviewed by Ajaz Ashraf
-Scroll.in India’s first chief statistician, Pronab Sen, is now country director of the International Growth Centre, which seeks to build effective growth facilities through engagement between policymakers and researchers. In this interview to Scroll.in, he speaks on the 50 days of demonetisation, its failings, its severe impact on the poor, the loss of credibility of the Reserve Bank of India, the push to make India a cashless or less-cash economy, and...
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