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Questions that need answers -Paranjoy Guha Thakurta

-The Asian Age As one listened to finance minister Arun Jaitley deliver his third Budget speech, the overwhelming impression that was sought to be created was along anticipated lines. Here was a government whose heart was bleeding for the hapless farmer toiling in the fields, the agriculturist whose livelihood has been all but destroyed by two successive monsoon failures. Here was an administration whose representatives were concerned about the “curse of...

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Social goods lead to public good -Ashok Varma

-The Hindu Business Line Higher social sector spending by the government boosts income and consumption, and spurs growth India’s economic growth is now much more closely linked to the state of the rural economy than it ever was. Sustaining a 7.5-per cent growth in GDP would be contingent on higher growth in rural household consumption. Rural expenditure grew 5.7 per cent annually during 2005-15 — against 5 per cent annual growth in the...

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A Union budget for the village -Himanshu

-The Indian Express Government must address the stress in the rural economy, seen in falling wages and incomes, which could reverse recent progress in rural areas Last year in February, Prime Minister Narendra Modi had exhorted voters to vote for his party in the Delhi assembly election, claiming that his victory in the general election had brought luck to the country. Unfortunately, the voters of urban Delhi were not convinced and...

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The state of social sector spending in 15-16 -Avani Kapur and Vikram Srinivas

-Livemint.com Overall, we find that social sector investments have in fact increased across all states, except Bihar In February 2015, the Government of India accepted the Fourteenth Finance Commission’s (FFC) recommendation to empower states with greater expenditure discretion. The states’ share in Union taxes, therefore, increased from 32% to 42%. While the move holds the promise to reform India’s centralized, one-size-fits-all approach to financing the social sector, the process adopted by...

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The future isn’t private -Virander Singh Chauhan

-The Hindu The public health care system, if adequately funded, is still the better alternative in a developing and complex country like India The United Nations General Assembly (UNGA), by consensus, has adopted the Sustainable Development Goals (SDGs), a set of objectives meant to improve the lives of millions of poor in the world. Among these, access to quality health care and freedom from disease is of paramount importance in helping societies...

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