-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...

-Hindustan Times The government slashed plan expenditure by about 20% in the 2015-16 budget amid fiscal concerns, hitting spending on social sectors such as education and women's empowerment that were the focus areas of the previous UPA administration. In the 2014-15 budget, Arun Jaitley allocated Rs. 5,75,000 crore for plan expenditure, or money that goes towards creation of productive assets, but could spare only Rs. 4,65,277 crore this time. This is also...

-Economic and Political Weekly Since independence, India's national health policies have been aspirational but the end results have been limited. The National Health Policy 2015, which is in the process of being finalised, should, in place of the earlier "broadband" approach, adopt a "narrow focus" on primary healthcare through the National Rural Health Mission. The latter has focused on primary healthcare and has shown visible results. A slew of suggestions as...

-The Indian Express The forthcoming budget is expected by some to be make-or-break or path-breaking, by others, to provide a legislative or economic roadmap for the rest of this government's term. Most likely, it will focus on issues within the purview of the finance ministry, namely, macro management, taxation, expenditure, the financial sector and balance of payments. The abolition of the Planning Commission and the 14th Finance Commission recommendations on tax devolution...

-PTI New Delhi: In a novel initiative, the Aam Aadmi Party government has decided to involve common people in making Delhi's budget for 2015-16 so that financial allocation can be made based on requirement of various areas. The government also hinted at undertaking an "austerity drive" and reviewing "functioning of unnecessary departments" to plug the wastage of resources. Chief Minister Arvind Kejriwal told the Delhi assembly that after taking people's opinion on the...