Believe it or not, the total revenue foregone in 2017-18 on account of special tax rates, exemptions, deductions, rebates, deferrals and credits -- broadly termed as 'tax expenditures' (an indirect subsidy) – that was given to corporate taxpayers has been more than 50 percent of the expenditure incurred by the Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) altogether in that year. In other...
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Budget 2018: I&B Ministry tracks social media response -Nistula Hebbar
-The Hindu New unit maps volume of chatter, its nature, user location As Union Finance Minister Arun Jaitley stood up on Thursday to deliver the Budget speech this year, a real-time monitoring of public online conversations around the word “Budget” was being carried out by a small unit set up by Minister Smriti Irani in the Information and Broadcasting Ministry. The longer than usual budget speech spawned many talking points and reactions, much...
More »Political Messaging Masks Budget 2018's Actual Delivery in the Social Sector -Yamini Aiyar and Avani Kapur
-TheWire.in Even as schemes have received minimal allocations, this budget signals an important shift in the political narrative. Gone is the focus on jobs, skills, aspirations and empowerment. Arun Jaitley had a difficult choice to make this budget. Maintain fiscal prudence or respond to growing demands for public expenditure in light of growing rural distress and at the same time keeping an eye on 2019. He did this today with great panache....
More »For India's Farmers, Budget 2018 Is Nothing but a Hoax -Kirankumar Vissa
-TheWire.in The finance minister has made a big announcement on minimum support price, but he should make it clear whether all he is promising is to take the prices back to the UPA-II levels. The government has done it again. Like last year, there has been much hype about a pro-farmer Budget, but in actuality it rests on misleading claims which don’t address the farming crisis. Last year, the agriculture credit target...
More »'Pink' Economy Survey: Adverse sex ratio has led to 'missing' of 63 million women in India
-PTI NEW DELHI: Breaking from past, the Economic Survey for 2017-18 was printed in pink colour as it waded into the problem of gender bias prevalent in India. Indian parents continue to have children until they get the desired number of sons, it said observing that the adverse sex ratio of females to males has led to 63 million "missing" women. The pre-Budget annual document detailing state of economy was in the...
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