-Press Note on Union Budget 2016-17 from Swaraj Abhiyan The farmers of India needed and expected a big deal from this year’s budget – they needed it because it is a time of unprecedented consecutive years of drought, and rising farmer suicides; they expected it because the Prime Minister and the government indicated that major pro-farmer steps would be announced in the Budget. The Budget presented by Finance Minister today is...
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No Gamechangers For Farmers -Ashok Gulati
-The Indian Express Budget makes the right moves on agriculture, but they may not be bold enough. In the last two weeks, Prime Minister Narendra Modi addressed three rallies of farmers, one each in MP, Karnataka and UP. Although it was late in the game, as farmers have been reeling under acute distress for two years, yet better late than never. Addressing the rallies, the PM thundered he would like to...
More »Budget 2016: FM Arun Jaitley faces tough task; has to please both farmers, investors
-PTI Budget 2016: Finance Minister Arun Jaitley faces a tough task of balancing the needs of farm sector as well as the industry when he presents his third and challenging Budget tomorrow as he seeks to garner resources to boost public spending for higher growth amid global headwinds. On the income tax front, the Budget may continue with the status quo on the tax slabs while it may tinker with the exemptions. Rising...
More »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...
More »Focus on farming
-Business Standard Many good ideas for agricultural reform should be in the Budget Shoring up the rural economy that has been crippled because of two successive droughts is clearly a major focus of the upcoming Budget. This is imperative also to revive rural demand for goods and services to stimulate overall economic growth. But how Finance Minister Arun Jaitley will seek to achieve this feat is hard to predict, though what he...
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