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The Poor Badly Needed a Good Budget this Year. Well, They Didn’t Get It. -Bharat Dogra

-TheWire.in Jaitley said he was making a record allocation to NREGA but the increase is a modest one in real terms and is even more suspect if one considers the backlog from previous year, particularly of delayed wages While various lobbyists did what they could to keep the finance ministry well informed about their demands, one is not so sure whether the needs of the poorest and most needy sections were articulated...

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Neglecting Health Expenditure in Favour of the Chimera of Insurance -Dipa Sinha

-TheWire.in When the data tells us insurance-based health schemes have not reduced out-of-pocket expenditure for the poor, Jaitley’s budgetary focus should have been on boosting public provision of health care. Despite sustained economic growth for over two decades, improvements in health indicators in India have not kept pace. By 2015, India was able to meet only four out of the ten health targets set under the Millennium Development Goals (MDGs) for that...

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Be cautious on new accounting system: CGA -TCA Sharad Raghavan

-The Hindu The new method provides a more accurate picture of a company's financial position. It is also more complex, expensive and time-consuming. The Controller General of Accounts has asked the government to be careful in adopting the accrual method of accounting considering the costs involved as only a few of its departments can benefit. “We should tread this subject in a careful manner. There is no such thing as a big-bang approach....

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Budget 2016: Aadhaar project to be given statutory backing -Shreeja Sen

-Livemint.com The move to introduce a law to bring statutory backing for Aadhaar will clear decks for Jan Dhan Yojana, Aadhaar and Mobile number aimed at expanding access to financial services New Delhi: Statutory backing for the Aadhaar unique identification scheme will be introduced during the financial year 2016-17, finance minister Arun Jaitley said on Monday in his budget speech. The bill will be introduced in the current budget session. The government’s...

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Get down to business -Ashok Chawla

-The Indian Express If India is to improve its ease of doing business rank, the Centre needs to partner with states Twenty-five years ago, there would have been no interest in a subject such as the ease of doing business in India. What mattered then was the level of protection the closed economy provided and the ability to negotiate industrial approvals from Udyog Bhawan. Much water has since flown down the...

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