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Realty sector: Getting the foundation right

-The Indian Express As several steps taken by the Centre for the sector hangs fire, clarity and implementation of ‘Housing for All’ scheme would be the key for its success. The Union Cabinet approved its flagship ‘Housing for All’ scheme this week, with a 2022 target and a renewed emphasis on the low-income group categories by way of relaxed income limits and higher interest subvention. While the government seems to have struck...

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The BJP’s borrowed feathers -Dr. Manmohan Singh

-The Hindu Business Line Don’t let Modi’s gloss undermine the efforts and achievements of the UPA government, says the former Prime Minister This is the text of a speech delivered at the Congress chief ministers’ conclave in New Delhi on June 9 There is somewhat of a euphoria that our GDP growth since 2014-15 has started accelerating once again. But doubts have been expressed both within and outside government about the validity of...

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Modi government cuts social sector allocations to states by half to promote cooperative federalism

-The Economic Times BENGALURU: As the central government devolves more fiscal freedom to the states, they seem to be cutting allocations to social sectors, especially agriculture and allied areas in response, according to the initial findings of a study. The Narendra Modi administration wants to empower states further as part of a push toward cooperative federalism. Finance Minister Arun Jaitley's February budget cut allocations to the states by more than half in...

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Roads before welfare: Modi faces dissent over spending shakeup

-Reuters NEW DELHI: As Prime Minister Narendra Modi completes one year in office, his cuts in federal welfare spending on the poorest of India's 1.25 billion people are coming in for sharp criticism, including from within his cabinet. In a break with India's socialist past, Modi has saved money on federal social and subsidy expenditure and pumped it into an infrastructure stimulus he hopes will trigger a spurt in economic growth. The government...

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The promised land -Christophe Jaffrelot

-The Indian Express Government’s insistence on acquisition is rooted in a rush to impose the Gujarat model on the rest of India. The development agenda of the Narendra Modi government implies industrialisation. The BJP’s 2014 mandate was indeed for job creation. The “neo-middle class”, which Modi defined when he was CM of Gujarat as made up of aspiring city dwellers who have just emerged from poverty, supported him more widely than the...

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