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Union Budget gives fillip to revive millet cultivation in state -Sharan Poovanna

-Hindustan Times During the Union Budget presentation, Finance minister Nirmala Sitharaman on Tuesday had announced that 2022-23 will be considered as the International Year of Millets. “Support will be provided for post-harvest value addition, enhancing domestic consumption, and for branding millet products nationally and internationally,” Sitharaman had said. The government’s assurance will boost states like Karnataka which has moved in the direction to diversify and incentivise production of these super foods. Please click...

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Govt needs to look beyond salaried class to grow Income Tax collection -S Murlidharan

-CNBCTV18.com Income tax payers are admittedly abysmally low in India but the problem to a large extent is of our own making with too many holy cows and touch-me-nots. We often hear the elegy that in a country of 135 crore, hardly 1.5 crore people pay income tax although thrice of that number file returns. The answer is not far to seek though. We have right from the beginning exempted agricultural income...

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How Nameplate Changes, Sleight of Hand Helped the FM Assemble Budget 2022’s ‘Big Capex Boost’ -Subhash Chandra Garg

-TheWire.in What you lose on the wings, you gain on the roundabouts.  With no other major growth investments or policy reforms in the budget, Finance minister Nirmala Sitharaman made capital investment the lynchpin of the government’s growth strategy in Budget 2022. Stressing that “the virtuous cycle of investment requires public investment to crowd-in private investment” she took high moral ground to say that the “public investment must continue to take the lead and...

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Budget: Digital Models and Catchphrases Cannot Dissolve Inequality -Dipa Sinha

-TheWire.in Presenting a budget, especially in the midst of an economic crisis, is an opportunity to communicate a government's vision for the country. This budget fails to do that and seems to be completely disconnected from ground realities. It seems as if the Union Finance minister, this year, took the idea of a paperless budget so literally that she has attempted to find digital solutions to most of the country’s problems. The ‘Amrit...

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A recipe to deepen the distress in rural economy -Himanshu

-Livemint.com Rural economy has to deal with declining incomes and rising cost of essentials The general consensus on the state of the Indian economy can be summarized as follows: The economy has been in a deep crisis even before the pandemic-led disruptions. Second, the crisis is not a result of supply constraints but is a result of demand deficiency, particularly in the rural economy. Recent evidence suggests that the impact of the slowdown...

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