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Pulled to the Centre -Prabhat Patnaik

-The Telegraph The Narendra Modi government's decision to abolish the National Development Council is a further blow against the federal structure of our republic. True, the NDC did not have a constitutional status, and differed in this respect from the Inter-State Council, whose activation was often demanded by the Left, precisely because it was a constitutional body, for deciding inter alia on the composition and terms of reference of finance commissions....

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Budget 2016: boost likely for job schemes -Arup Roychoudhury

-Business Standard Also for other programme impacting the non-urban economy, in the wake of two years of partial drought The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) seems likely to get its highest budgetary allocation since its launch a decade before. This allocation for 2016-17 could cross the previous highs of Rs 40,100 crore in the 2010-11 Budget and Rs 40,000 crore in 2011-12, by then finance minister Pranab Mukherjee. Actual spending...

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Civil society urges more resources for social sector

Representatives of around 20 civil society organizations and NGOs met the Finance Minister Shri Arun Jaitley as part of pre-budget consultation on social sector on 12 January, 2016. Immediately after the pre-budget consultation, a press conference was held by some of these organizations to convey the media persons what demands/ suggestions were made.   Subrat Das, Executive Director of Centre for Budget and Governance Accountability (CBGA, http://www.cbgaindia.org/) informed us that during...

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Drought or no drought, farm sector adapts to low rainfall -Sanjeeb Mukherjee

-Business Standard Despite two consecutive years of deficient rains, farm growth was positive in Q2 of 2015-16 The India Meteorological Department (IMD) might have decided to drop the use of the word “drought” from its nomenclature, but even if it had not done so, it would have hardly made a difference. Studies show that Indian agriculture has, over the years, developed an inherent resistance to drought. The share of agriculture in the overall...

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Is the economy sick? -Salman Anees Soz

-The Hindu The Modi government’s policy is choking domestic demand at a time when global demand is also weak. This is hardly a recipe for double-digit growth. The title seems provocative. After all, for the last several months, we have all heard that India is now the fastest growing large economy in the world. The Finance Minister keeps assuring us that the country’s economic revival is on a firm footing and that...

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