-The Times of India The Narendra Modi government appears to have continued where the Congress regime left off as far as welfare of Dalits and adivasis is concerned. Plan allocation for schemes under various ministries and departments that serve dalits and adivasis remains much below the targeted levels in the Union Budget for 2015-16. Total Plan allocation in the recently presented Union Budget is Rs 4.65 lakh crore. To ensure that Plan funds...
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Rainfed authority again an arm of farm ministry; UIDAI gets boost -Sanjeeb Mukherjee
-Business Standard Budget of NITI Aayog may go up by 18.20% in 2015-16 In a classic case of back to basics, the National Rainfed Area Authority (NRAA), which since 2010 has been part of the erstwhile Planning Commission, will henceforth be an arm of the department of agriculture, as NITI (National Institution for Transforming India) Aayog is up for a rejig. NRAA's budget in 2014-15 was about Rs 31.50 crore, while...
More »Budget 2015: Centre’s cash-spread to states lavish only on paper
-The Times of India PM Narendra Modi in his speech in Parliament on Friday underlined how his government had decided to transfer a much larger share of resources to the states in line with Finance Commission recommendations, though it didn't have to. The finance minister in his budget speech repeatedly referred to the issue and the reduced "fiscal space" he had. The budget numbers reveal, however, that the states won't really...
More »The budget exposes the class bias of the Modi govt -Prasenjit Bose
-Hindustan Times Finance Minister Arun Jaitley's claims of already having achieved an economic turnaround, made in his budget speech, evoke suspicion. Inflation is certainly down and so is the current account deficit, but that has almost entirely to do with the crash in international crude oil prices, which have fallen from $110 per barrel in June 2014 to around $57 per barrel currently. In fact, rather than passing on the full...
More »Strong on the social sector side -Yashwant Sinha
-The Hindu Budget making is a complex exercise, especially in a country like India. Therefore, the parameters to judge the annual budget are also many. For me, the arithmetic of the budget is the first. According to the statements made by the Prime Minister and the Finance Minister, one expected the fiscal deficit targets to be adhered to. However the Finance Minister has extended it from two to three years....
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