-The Indian Express Investment in human capital, science and research remains the Achilles heel of Indian policy. The budget allocation for agriculture research and education has constantly declined from 0.31 per cent of the gross value added of agriculture and allied activities in 2011-12 to 0.24 per cent now Seven years of low crude prices, five years of above normal monsoon topped by good agriculture production, and everything looked positive for a...
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Agriculture infra cess may hit state revenues -Sayantan Bera
-Hindustan Times/ Livemint.com “There is an immediate need to improve agricultural Infrastructure so that we produce more, while also conserving and processing agricultural output efficiently,” Nirmala Sitharaman said in her budget speech. The government on Monday introduced a new agriculture Infrastructure development cess (AIDC) on petrol, diesel and several other imported items. Finance minister Nirmala Sitharaman assured it won’t place any additional burden on consumers. However, following the introduction of the cess, states...
More »Despite some hits, the Budget has crucial misses -R Nagaraj
-The Hindu That there is no targeted employment programme to alleviate the immediate crisis is a matter of concern The Budget, at its simplest, is the government’s tentative income and expenditure statement. Like all financial statements, the devil lies in the fine print. At its broadest, the Budget is a pious statement of the government’s policy and ideological intentions. It is also the government’s statement of how it seeks to tackle the...
More »India needs to look beyond the 137% spending hike to fix its public healthcare -Arjun Srinivas and howindialives.com
-Livemint.com Much of the increased spending will go towards preventive aspects of healthcare, with the health ministry by itself not gaining much even after the pandemic. India needs to do a whole lot more to strengthen its health Infrastructure In her Budget speech, Finance Minister Nirmala Sitharaman announced a 137% increase in allocations on “health and well-being" for 2021-22, to ₹2.24 trillion. Embedded in that declaration was a definitional change: it also...
More »Union Budget 2021: Budget sends mixed signals on farm sector -Priscilla Jebaraj
-The Hindu Farmer advocates not impressed by on-ground impact of budget announcements The Union Budget sent mixed signals to the tens of thousands of farmers who have been protesting on Delhi’s borders for the last two months, and the wider agricultural community. On the one hand, the budget allocation for the Department of Agriculture, Cooperation and Farmers Welfare was slashed 8.5% in 2021-22. The flagship PM-KISAN scheme, meant to provide income support to...
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