-The Times of India PM Narendra Modi in his speech in Parliament on Friday underlined how his government had decided to transfer a much larger share of resources to the states in line with Finance Commission recommendations, though it didn't have to. The finance minister in his Budget speech repeatedly referred to the issue and the reduced "fiscal space" he had. The Budget numbers reveal, however, that the states won't really...
More »SEARCH RESULT
Total Matching Records found : 3976
Of Bold Strokes and Fine Prints: Analysis of Union Budget 2015-16 by CBGA
-Centre for Budget and Governance Accountability (CBGA) This publication highlights a range of pertinent issues primarily focusing on social sectors (such as education, health, drinking water and sanitation, food security etc.) and the responsiveness of the Union Budget towards the vulnerable sections of the population, (such as, women, children, dalits, adivasis, religious minorities, persons with disabilities and the Urban Poor). In addition, a number of important issues pertaining to taxation, renewable...
More »Social spending cut first time in a decade
-Hindustan Times The government slashed plan expenditure by about 20% in the 2015-16 Budget amid fiscal concerns, hitting spending on social sectors such as education and women's empowerment that were the focus areas of the previous UPA administration. In the 2014-15 Budget, Arun Jaitley allocated Rs. 5,75,000 crore for plan expenditure, or money that goes towards creation of productive assets, but could spare only Rs. 4,65,277 crore this time. This is also...
More »The Budget exposes the class bias of the Modi govt -Prasenjit Bose
-Hindustan Times Finance Minister Arun Jaitley's claims of already having achieved an economic turnaround, made in his Budget speech, evoke suspicion. Inflation is certainly down and so is the current account deficit, but that has almost entirely to do with the crash in international crude oil prices, which have fallen from $110 per barrel in June 2014 to around $57 per barrel currently. In fact, rather than passing on the full...
More »Less cash for Dalits, tribals -Basant Kumar Mohanty
-The Telegraph New Delhi: Finance minister Arun Jaitley has slashed the overall allocation for Dalits and tribals in his Budget compared with last year's proposals in a trend critics fear could see the "last man" gradually becoming the "lost man". The media, too, came in for criticism for giving the "impression" that the country had no SC/ST citizens. Jaitley yesterday set aside Rs 30,851 crore for Scheduled Castes and Rs 19,980 crore for...
More »
