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Finance Ministry secretly corrects 14 data discrepancies in Budget 2020 after India Today seeks answers -Mukesh Rawat

-IndiaToday.in IndiaToday.in's analysis found that Union Budget 2020 had at least 14 data discrepancies regarding allocations for the Department of Health and Family Welfare. When we sought a clarification, the Finance Ministry secretly corrected them without replying to our mail. * There were 14 data discrepancies in Expenditure Budget for Dept of Health & Family Welfare * These were between the PDF and Excel files uploaded by Finance Ministry on budget's official website *...

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With savings rate falling, phasing out exemptions may hit it harder -Udit Misra

-The Indian Express The savings rate, expressed as a percentage of the gross domestic product, reflects the pool of investible funds within the country that are available for the government and private businesses to use for investment purposes. The government’s plan to gradually get rid of all exemptions and deductions under the personal income tax regime — in a bid to provide lower taxes and a simplified tax architecture as well as...

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A Union Budget for no one -Surajit Das

-Newsclick.in The poor, salaried, businesspersons -- all are unhappy. For, the underlying macroeconomics is wrong – the finance minister is trying to solve the aggregate demand problem by supply-side economics. The annual budget of the Union government was placed in Parliament on the February 1, 2020. In the very beginning of her second budget speech, finance minister nirmala sitharaman mentioned that “this is the Budget to boost their (people of India) incomes...

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The Budget's blurred social sector vision -Dipa Sinha

-The Hindu Low allocations and specific policy statements point to greater privatisation and withdrawal of the state Finance Minister nirmala sitharaman began her speech by saying that the Union Budget was “woven around three prominent themes” — aspirational India, economic development for all and building a caring society. Achieving any of these would require extraordinary efforts on the social sector front starting with allocating additional resources for health, education, nutrition, employment...

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What's there for water in the budget kitty? -Partik Kumar

-India Water Portal Budget fails to allocate enough to turn the rhetoric of tap water to each household into reality. Union Finance Minister Ms. nirmala sitharaman presented the decade's first union budget in the parliament on 1st February 2020. While presenting budget for 2020-2021, she started with the country’s vision for the decade in which she emphasised on water management and clean rivers as one of the 10 points of vision for...

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