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The state of social sector spending in 15-16 -Avani Kapur and Vikram Srinivas

-Livemint.com Overall, we find that social sector investments have in fact increased across all states, except Bihar In February 2015, the Government of India accepted the Fourteenth Finance Commission’s (FFC) recommendation to empower states with greater expenditure discretion. The states’ share in Union taxes, therefore, increased from 32% to 42%. While the move holds the promise to reform India’s centralized, one-size-fits-all approach to financing the social sector, the process adopted by...

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More than Make in India, Jaitley Needs to Focus on Farm in India -Devinder Sharma

-TheWire.in We are in a moment when the global economy shows no signs of revival; Russia and Japan are faced with recession, and emerging economies like Brazil and South Africa are in dire straits. There is no silver lining visible as far as domestic industrial growth is concerned. At such a time, all eyes are on Union finance minister Arun Jaitley to see how he plans to sustain economic growth that...

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Union Budget set to boost farm sector -Sayantan Bera and Gyan Verma

-Livemint.com Spending on irrigation, crop insurance to be doubled; e-platform to be developed for farm produce New Delhi: The government is set to double annual spending on irrigation and crop insurance, and develop a national digital platform for farm produce in order to ensure better prices for farmers, as part of a push to reduce rural distress following the first back-to-back drought in India in three decades. “We’re expecting that the new...

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Budget 2016: Nirbhaya Fund is a dud; Jaitley should urgently find ways to utilise it -Kanika Kaul

-FirstPost.com The high incidence of violence against women and the ensuing public outcry has brought the issue to the forefront of the policy discourse in the last few years, underscoring the need for the government to undertake substantive interventions to address gender based violence. It was against this backdrop that the former Finance Minister, in his Budget Speech in 2013-14 announced the introduction of Nirbhaya Fund, acknowledging that “...As more women...

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Crop insurance is too returns-oriented -PSM Rao

-The Hindu Business Line Farmers’ incomes are too inadequate for actuarial premium rates to work for them The farm crisis in India continues unabated, proving all the governmental nostrums ineffective. Unfortunately, the new crop insurance scheme — the Pradhan Mantri Fasal Bima Yojana (PMFBY) — recently cleared by the Union Cabinet, to be implemented from the kharif crop cycle beginning this June, too, is unlikely to bring in any significant relief to...

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