-The Hindu   With an eye on the upcoming elections in different States, Union Finance Minister Arun Jaitley has declared that he is presenting a Budget that provides “additional resources for vulnerable sections, rural areas and social and physical infrastructure”. But since aggregate expenditure in nominal terms is slated to rise by just 10.8 per cent between this financial year and the next, that seems difficult to believe. Consider, for example, the...

-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...

-Hindustan Times Less than a day before the Railway budget is presented in the parliament, former railways minister Dinesh Trivedi’s allegations against incumbent minister Suresh Prabhu of “fudging numbers” and concealing facts about the organisation’s financial health have surfaced in a letter to Prime Minister Narendra Modi, that also charges Prabhu of copying Trivedi’s earlier budget speech. Citing that the current Operating Ratio (every paisa spent against a rupee earned) had reached...

-The Hindu Business Line If the finance panel’s award has been negated by cutbacks elsewhere, there’s a problem A few days back, the States conveyed to the Centre that the new devolution arrangement — more under the Fourteenth Finance Commission award and less from the Union Budget — was not working well for them. The main burden of their argument was that the additional transfers — ₹1.78 lakh crore more this year...

-The Hindu The health sector typifies the hands-off policy of the government in areas that impact welfare and livelihoods. An air of anticipation and optimism greeted the formation and installation of the new government in 2014. A widely held view was that it would be much more decisive than the previous dispensation in providing some direction to public policy. Twenty months have passed and the initial sense of optimism has been replaced...