-The Indian Express One notable thing was the absence of emphasis on doubling farmers’ real incomes by 2022. Perhaps the reality that this is an uphill task has dawned on the government — it may not achieve even half the target. In her FIRst budget speech, Finance Minister Nirmala Sitharaman reminded us of the famous quote from M K Gandhi, that the “soul of India lives in villages”. She also said...
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Budget 2019 Sorely Lacks a Coherent Vision for Long-Term Growth -MK Venu
-TheWire.in While Nirmala Sitharaman's maiden budget hit all the right political notes, its fiscal math is far fuzzier. The FIRst budget of the Narendra Modi government 2.0 is very high on political rhetoric around empowering the poorest in ‘New India’, but does not have a clear road map of how a fully-funded welfare state will be sustained without a robust revival in growth, based on the twin engines of investment and consumption...
More »A Budget that goes nowhere -C Rammanohar Reddy
-The Hindu It would seem that since the government is unable to catalyse domestic investment or fund public investment, it is now turning abroad to fuel growth Union Finance Minister Nirmala Sitharaman is mistaken if she thinks her FIRst Budget is going to revive a slowing economy. The economy grew by just 5.8% in real terms in the last quarter of 2018-19. Yet, the Union Budget for 2019-20 assumes that the economy will...
More »Falling far short of the goal -CP Chandrasekhar
-The Hindu The rhetoric in the Budget of accelerated, inclusive and sustainable development receives only limited financial backing The general election is over and a new government has been formed. But the campaign does not seem to end. More than an hour of Finance Minister Nirmala Sitharaman’s maiden Budget speech was largely devoted to underlining what she claimed were the remarkable economic achievements of the previous government. Given that legacy, she presented...
More »How Effective Have NDA's SC/ST Budgets Been? An Analysis of the Last Five Years -N Paul Divakar, Adikanda Singh, Juno Varghese and Beena Pallical
-TheWire.in There is a serious problem when it comes to both allocation and implementation of schemes for SC/ST development. People who fall under Scheduled Caste (SC) and Scheduled Tribe (ST) groups constitute 25% of India’s total population. As we approach NDA 2.0’s FIRst budget announcement, it is crucial to examine the policy and practice of its SC/ST budgets over the last five years. It is well established that both groups of people have...
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