-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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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 »Lead from the Centre -Ashok Gulati
-The Indian Express Indian farmers are under stress this year. Earlier, many of them lost their crops in the kharif season, which was almost a drought with monsoon rains falling 12 per cent below their long-period average. Now unseasonal rains have impacted them adversely in the rabi season. Agri-GDP growth this year, expected to be a meagre 1.1 per cent before the unseasonal rains, may fall flat to just zero, if...
More »AAP budget paves way for subsidies, curbs spending
-The Times of India NEW DELHI: Promising to bring a full budget with plans and schemes based on public suggestions around May, the Aam Aadmi Party government on Tuesday sought a vote on account for three months on the total budget estimates of Rs 37,750 crore for 2015-16. Voting will be done on Wednesday. A larger non-plan outlay of Rs 21,500 crore and a smaller plan size of Rs 15,350 crore...
More »So Richie Rich? Have Another One On Us -P Sainath
-Outlook Corporate karza maafi reaches new heights, social spending new lows This year's budget write-off in customs duty on gold, diamonds and jewellery (all aam aadmi items, of course) is Rs 75,592 crore. That's well over twice the "record" amount allocated to the Mahatma Gandhi National Rural Employment Guarantee Scheme. As Prof Jayati Ghosh points out, the MNREGA has given billions of person-days of work to tens of millions of poor...
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