-The Hindu Business Line It is not just about making matters easier for corporates. Distressed farmers can access relief under pressing circumstances The Insolvency and Bankruptcy Code (IBC) aims at improving the failing credit market situation in the country. A healthy credit market functions well where the debtor and the creditor have faith that their interests are recognised and protected under law. Failure to pay debt is a common occurrence but surprisingly, the...

-The Times of India NEW DELHI: The government is set to recast its focus towards nutrition with a set of new schemes that will take off in the coming financial year. The Union Budget has also increased allocations for the National Nutrition Mission and establishment of new labs for testing food given under the scheme. Expressing satisfaction with the budget allocations women and child development minister Maneka Gandhi said, "All our schemes...

-Business Standard Cess, surcharges come in handy New Delhi: Looking to leave its political imprint over spending in rural India, the National Democratic Alliance (NDA) government has budgeted for a massive 31 per cent hike in its share of spending on nine big-ticket centrally sponsored schemes (CSS) in 2016-17 over last year's budgetary allocation. Last year's Budget mantra of 'cooperative federalism' has been sidestepped to favour political exigencies. To fund these schemes, which...

-Livemint.com A growth-first approach may work in the short-term, but India needs to prioritize sustainability simultaneously The Union Budget 2016-17, seeking to “transform India”, has been hailed for its emphasis on agricultural growth and sustainability. Symbolically, the finance minister put “agriculture and farmers’ welfare” first in his nine-point agenda. The words “agriculture” and “farmer” found 20 and 32 mentions, respectively, in the budget speech, the highest in the last decade. On the...

-The Telegraph New Delhi: Budget cuts in several schemes for minority, Dalit and tribal students have prompted academics and activists to question the government's commitment to the education of marginalised communities. A section of the budget papers presented on Monday, titled "Expenditure Budget, Statement 22", shows a fall in allocations to many schemes compared with last year's budget. For example, allocations for pre-matric scholarships for minorities and Dalits have fallen by over 10...