-The Indian Express Budget 2016 has a greater focus on the rural and social sectors. But the challenge will lie in improving delivery systems. Indian agriculture as well as the rural sector have been in distress in the last two years due to deficit rainfall and the decline in global commodity prices. The rural non-agriculture sector, too, has been under stress due to the lack of demand for manufacturing and services. It...

-The Financial Express It is expected that the measures announced in the Budget will boost agricultural output and rural incomes It appears that Budget FY17 has not generated enough excitement in media, academics and the masses, including farmers. Currently, farm distress is a serious concern in the country. The livelihood security of the rural population is in peril. Farmers are in dire need of substantial help to come out of the crisis-like...

-The Times of India NEW DELHI: In a move that could significantly bring down prices of expensive medicines, a high-level committee has recommended capping of trade margins for costly drugs at 35% of MRP (maximum retail price). The recommendations - part of a report submitted by an inter-ministerial committee - have been put in the public domain by the Department of Pharmaceuticals, inviting comments on the suggestions. The committee was set up...

-Economic and Political Weekly The Modi government tries hard to signal a makeover but beyond the symbolic it does not change much. Budget 2016 is not important for the proposals that it has made but for what it tries to signal about the proposed makeover, in a limited way, of the Narendra Modi government. The budget does try hard to claim that the Modi government is not a “suit-boot” administration, an image...

-The Economic Times Blog The massive increase in expenditure on irrigation in this year’s Budget has raised hopes that more water will flow into fields. This can drought-proof the farmer, increase crop output and lead to greater rural prosperity, which, in turn, will generate demand for all kinds of goods and services. So, everybody will live happily ever after. Not so simple. While higher spending on irrigation is a good beginning, a lot...