-The Telegraph The 2015-16 budget was presented to the Lok Sabha by the finance minister on February 28, 2015. The first half of the 2015 budget session of both Houses of Parliament has just ended. The highlight was the passing of a number of bills and the budget debate. The debate on the budget in the Rajya Sabha was a long one, lasting over 10 hours. Several speakers participated, drawn from...
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Why is farm sector loan growth this year higher than agricultural GDP? -Ravi Krishnan
-Livemint.com The nominal agricultural gross domestic product growth is down this fiscal year, but credit growth to agriculture is up Here's a strange fact: nominal agricultural gross domestic product (GDP) growth is down this fiscal year, but credit growth to agriculture is up; and while nominal industrial GDP is up a bit, credit growth to industry is down. Please click here to read more. ...
More »Public funds to push neoliberal agenda -CP Chandrasekhar
-Frontline.in The Modi government has apparently realised that the private sector is not up to the task of driving growth. It hopes to fund its neoliberal dream of India becoming the fastest-growing emerging market through a combination of off-Budget borrowing and drastic expenditure reduction in key social sectors. IT will soon be a year since the National Democratic Alliance (NDA) government under Prime Minister Narendra Modi took office at the Centre....
More »How not to treat agriculture -Jayati Ghosh
-Frontline If Budget 2015 is any indication, the Modi government is going beyond what could be called benign neglect of agriculture to policy moves that are likely to harm its viability. IT is scarcely surprising that farmers are upset with the Narendra Modi government. Indeed, the rosy dreams created by that famous campaign advertisement of the Bharatiya Janata Party (BJP), when farmers spoke of the high crop prices and better cultivation conditions...
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...
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