-Delhi Solidarity Group Following the ritual, Government of India presented its budget with much fanfare, claiming it to be pro-poor, but the larger question that looms is whether it will really change the lives of the marginalized sections of the society. For a country like India which is ‘democratic, socialist, sovereign, republic’ working towards the ‘welfare’ of its citizens, one, either out of innocence or honest belief, tend to assume that...
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Government conducting study on agrarian distress
-PTI NEW DELHI: Government is conducting a study to ascertain agrarian distress in major farmer suicide-hit states, Parliament was informed today. The data on number of farmer suicides during 2016 has not yet been compiled by the National Crime Records Bureau (NCRB). The most recent NCRB data showed number of farmer suicides to be 12,602 in 2015, with maximum reported in Maharashtra (4,291), followed by Karnataka. "Taking cognisance of the problem of agrarian...
More »How the Black Economy Grew in Post-Independence India -Arun Kumar
-Caravan Magazine Arun Kumar is an eminent economist who has been studying the black economy in India for close to four decades. His 1999 book The Black Economy in India is among the foremost accounts of the black-money problem in the country. In Understanding the Black Economy and Black Money in India: An Enquiry into Causes, Consequences and Remedies, released in February 2017, Kumar discusses the misconceptions around black money, the...
More »'Budget has little for demonetisation-hit social sectors' -Aesha Datta
-The Hindu Business Line Experts concerned over low allocations for key schemes New Delhi: It’s like demonetisation didn’t happen at all, activists and economists exclaim. Budget 2017-18, coming right after the demonetisation move, had raised hopes of greater allocations for social sectors — what with Prime Minister Narendra Modi’s mantra of Sabka saath sabka vikaas. Yet, there is all-round disappointment. “It is quite extraordinary. Post demonetisation, this is when you needed substantial moves for...
More »Share of spend in government expenditure, GDP on education falling for 3 years -Subodh Varma
-The Times of India Spending on education as a share of the central government's total budgeted expenditure has been falling for the past three years. Compared to 2013-14, the last year of UPA, when education got 4.57% of the total expenditure, there has been a steady decline — 3.65% in 2016-17, according to this Budget's revised estimate, with the estimated outlay for the coming year showing a minor uptick at 3.71%. Looking...
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