-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...

-The Telegraph Arun Jaitley today drew loud cheers from the fiscal conservatives as he displayed "prudence" and stuck to the fiscal deficit - which captures the government's borrowing requirements - target of 3.9 per cent of the GDP for 2015-16 and pegged it at 3.5 per cent of the GDP for 2016-17. As the achievement came despite all the problems that the Indian economy faced - the Economic Survey presented details of...

-The Tribune While giving concessions worth Rs.1,000 crore in the direct taxes paid by the rich, the government plans to net an extra Rs. 19,000 crore in indirect taxes, which are contributed by all. This reveals a regressive intent. Like all Union budgets, this one also is long on promises but hides the real dynamics, namely, how the resources are to be raised for the promised very substantial expenditures. The budget is...

-The Hindu Business Line The government must open up conventional and unconventional avenues for women to find their way into the workforce Officials in the finance ministry are busy with budgetary consultations. At the outset, it needs to be recognised that the Union Budget is more than a mere accounting exercise as it lays out the vision of the government and provides a strategy to implement it during the course of that year. In...

-Livemint.com The economist believes inequality in India is comparable with Brazil, South Africa but lack of transparency over direct tax statistics in India hinders his study here New Delhi: Economist Thomas Piketty believes inequality in India is comparable with that in Brazil and South Africa. Like the two other emerging economies, where the richest 10% of the population has a 60-65% share of total wealth, a similar scenario probably exists in...