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Budget 2018 to focus heavily on infra, rural spend, says ICRA -Joe C Mathew

-Business Today Social sector spending and investments in infrastructure development could be the highlights of the forthcoming Union Budget 2018-19, credit rating agency ICRA forecasts. It expects increase in budgetary allocations for social infrastructure and social security spending, such as NREGA (rural job security), food subsidy (food security), insurance schemes and welfare pensions. Larger allocations for infrastructure related to cold chains, etc., considered to boost the agricultural sector and the rural...

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Hard reality and political compulsions may force a rural-focused budget

  Budgetary allocation to a particular sector indicates how much priority the government assigns to that sector as compared to the rest. A preliminary analysis by the Inclusive Media for Change team indicates that the actual expenditure (net of receipts and recoveries) by two of the country’s most important ministries, namely the Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) was less than 1 percent...

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In 10 Graphs, the Worrying State of Public Health and Malnutrition in Maharashtra -Niranjan Nampoothiri

-TheWire.in Maharashtra cannot retain its position as a progressive state if health budget cuts become a characteristic part of its budgets. Massive budget cuts and budget under-spending in the social sector have been reported from Maharashtra over the last two years. The state spent as less as 0.49% of its Gross State Domestic Product (GSDP) on the public health sector in 2017-18. Incidentally, the state also witnessed high malnourishment, rising leprosy cases,...

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Gujarat scare may sow seeds of farm-focused policy in Budget -Deepshikha Sikarwar & Himangshu Watts

-The Economic Times NEW DELHI: The BJP's victory in the Gujarat elections, hard-fought as it was, points clearly to the possible direction of the Budget that finance minister Arun Jaitley will present in February. Given its setbacks in non-urban areas, the big focus of the ruling party will be on agriculture and the rural economy, apart from a likely boost in minimum support prices (MSP). FM Arun Jaitley told ET the results...

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Farmers seek income security law in pre-budget consultation -Gireesh Chandra Prasad

-Livemint.com At a pre-budget consultation, farmers and agriculture economists call for steps to reduce input costs New Delhi: Farmers on Tuesday urged finance minister Arun Jaitley to statutorily ensure income security for them and simultaneously take steps to reduce input costs and thereby make farming profitable. The suggestions from the Consortium of Indian Farmers Associations (CIFA) and agriculture economists was made at the first of the pre-budget consultation. “The median agriculture income is...

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