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Highlights of Union Budget 2016-17

-The Hindu In case you missed the Budget, here's a round-up. Affirming that the economy is right on track, Finance Minister Arun Jaitley presented the Union Budget for 2016-17. Citing that the CPI inflation has come down to 5.4% from 9 plus, he said it is huge relief for the public. Tax Infrastructure and agriculture cess to be levied. Excise duty raised from 10 to 15 per cent on tobacco products other than beedis 1 per...

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Odd-Even Policy: A reality check -Abhirup Bhunia

-The Hindu Business Line The new travel policy in Delhi can lead to a commuting disaster if public transport is not able to absorb the surplus Currently, 56.81 lakh two-wheelers and 27.90 lakh cars and jeeps ply on Delhi’s roads, according to the official state government statistics. These figures don’t include the taxis. Which means a total of 84.71 lakh private vehicles. In most cases, one vehicle equates to one person. Let’s say...

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No slowdown in bank lending to agriculture sector -Radhika Merwin

-The Hindu Business Line This is result of lacklustre credit growth to India Inc and tough priority sector lending norms Credit growth in the banking system continues to languish below the 10 per cent mark, far lower than the 14 per cent seen a year back. But there is one segment that has managed to grow faster than last year - loans to the agriculture sector. These grew 16.5 per cent in...

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Tribals Being Shortchanged by ‘Shahukars’ -VKL Gayatri

-The New Indian Express   PADERU (VISAKHAPATNAM DT) : It looks like there is no end to the plight of tribals in Agency areas of the district. They are being fleeced, cheated and robbed almost in every sphere of their lives. Here is a classic example of how the ‘shahukars' or the money-lenders loot the tribals with the banned instruments of measuring foodgrains. The ‘shahukars' shortchange the tribals as the latter barter their...

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Farmer in distress -Bharat Jhunjhunwala

-The Statesman Prime Minister Narendra Modi has expressed anguish over suicides by farmers, whose condition has not improved despite the high rate of economic growth. The reason for this distressing state of affairs is that economic policies are badly crafted. The primary effort of the Government has been to increase agricultural production. The price factor is not taken into consideration, the perception being that the farmer will be better off...

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