-The Hindu In case you missed the Budget, here's a round-up. Affirming that the economy is right on track, Finance Minister Arun Jaitley presented the Union Budget for 2016-17. Citing that the CPI inflation has come down to 5.4% from 9 plus, he said it is huge relief for the public. Tax Infrastructure and agriculture cess to be levied. Excise duty raised from 10 to 15 per cent on tobacco products other than beedis 1 per...
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By no means a ‘socialist’ Budget -G Sampath
-The Hindu Be it education, health, pensions for the socially vulnerable, distressed farmers, or MGNREGA, the 2016 Union Budget has nothing radical to offer. Appearances can be deceptive. Finance Minister Arun Jaitley’s emphasis on doubling farm incomes, rural development, and allocations for a battery of impressively named schemes for the social sector may give the impression that the right-wing NDA government has suddenly taken a ‘socialist’ turn. The reality, however, is otherwise. Howsoever...
More »Neglecting Health Expenditure in Favour of the Chimera of Insurance -Dipa Sinha
-TheWire.in When the data tells us insurance-based health schemes have not reduced out-of-pocket expenditure for the poor, Jaitley’s budgetary focus should have been on boosting public provision of health care. Despite sustained economic growth for over two decades, improvements in health indicators in India have not kept pace. By 2015, India was able to meet only four out of the ten health targets set under the Millennium Development Goals (MDGs) for that...
More »Budget 2016: FM Arun Jaitley faces tough task; has to please both farmers, investors
-PTI Budget 2016: Finance Minister Arun Jaitley faces a tough task of balancing the needs of farm sector as well as the industry when he presents his third and challenging Budget tomorrow as he seeks to garner resources to boost public spending for higher growth amid global headwinds. On the income tax front, the Budget may continue with the status quo on the tax slabs while it may tinker with the exemptions. Rising...
More »Economy set for takeoff, but tick off reforms checklist first: Survey
-The Times of India The Indian economy has the engines for growth to cruise at 8% to 10%, but strong global headwinds mean that in the immediate future it's more likely to grow at somewhere between 7% and 7.75%, said the government's annual Economic Survey, released on Friday. On the whole, the Survey was bullish on India, describing it as a "haven of stability and an outpost of opportunity" in a gloomy...
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