-Centre for Budget and Governance Accountability (CBGA) The Interim Union Budget 2019-20, the last budget presented by the incumbent government, comes at a time when the economy is beset with myriad problems. Among the various challenges facing the economy, perhaps the most critical are those related to the acute agrarian distress, burgeoning unemployment and slowing down of the economy. While it is true that many of these problems began prior to...
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Two sides of the coin: Tax incentives and revenue forgone -Suraj Jaiswal and Neeti Biyani
-Down to Earth The use of tax incentives to attract investments is prevalent around the world. However, there is no definitive data on the global magnitude of incentives granted because not all countries collect and publicly report such data and there is no common methodology for reporting across all countries. Rough estimate by Action Aid (2013) pegs the incentives granted by developing countries from corporate income tax (CIT) at $138 billion....
More »People's consultation on budget urges higher spending on education & health
-Press release by People's Budget Initiative (PBI, http://www.pbiindia.net/) New Delhi: People's Budget Initiative (PBI) is a coalition of civil society organisations from across the country which promotes people’s voice in policy making processes related to government budgets in India. As part of its campaign on ‘Budget Justice for Disadvantaged Sections’, a national consultation on Budget Justice: Agenda for the Next Five Years was organized in New Delhi on 14th September, 2018....
More »'Of Hits and Misses: Analysis of Union Budget 2018-19' -CBGA
-Centre for Budget and Governance Accountability (CBGA) Union Budget 2018-19 is the fifth and the final full-year budget of the current ruling dispensation. The major plank on which this government was elected in 2014 with an exceptional mandate were issues of development related to reducing corruption, generating meaningful employment opportunities, tackling inflation (especially food inflation, an issue plaguing the economy at that point of time), reducing inequality, and pushing the economy...
More »India half-way through in promoting budget transparency -- reports a Global Survey
-Press Release by Centre for Budget and Governance Accountability (CBGA) New Delhi: The idea of ‘good governance’ has gained a lot of momentum in the recent years and ‘Budget Transparency’ has acquired importance as one of the parameters of ‘good governance’ across the globe. In light of this, it is pertinent to see where India stands in a global survey of budget transparency covering more than 100 countries. A global survey on...
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