-The Indian Express Even as Finance Minister P Chidambaram’s Union Budget for 2013-14 is being touted as a ‘balanced’ budget, members of the Congress president Sonia Gandhi-led National Advisory Council (NAC) have criticised it for not having done enough for the social sector. They feel the budget, which comes just ahead of the Lok Sabha elections due next year, falls short on delivering to the less advantaged groups and is relatively...
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An opportunity missed-CP Chandrasekhar
-The Hindu “The purpose of a Budget – and the job of a Finance Minister,” P. Chidambaram declared in his speech, “is to create the economic space and find the resources to achieve the socio economic objectives.” Now that the presentation of and the spate of initial responses to the budget are behind us, it may be appropriate to ask how far the Minister went in accomplishing his self-defined task. Mr. Chidambaram...
More »The freebie nation-Sreelatha Menon
-The Business Standard The Union Budget shows the charitable instincts of the government continuing to overwhelm it - though some would call it part inefficiency and part helplessness. The exemptions given to citizens on the tax they ought to pay have been exceeding the Plan expenditure, and even the total fiscal deficit as it did in 2012-13. This has prompted criticism from the Left parties and activists, who view it as evidence...
More »Keeping polls in mind, state budgets offer sops to farmers
-The Business Standard State budgets are raining sops to pull farmers' votes With elections staring at them, several state governments are suddenly waking up to the demands of farmers and offering sops to the agriculture sector in their budgets, even as farmer organisations say the state and Central governments should do more. Karnataka, which pioneered the trend of having a separate agriculture budget--similar to the railway budget at the Centre — brought...
More »The kids aren’t really all right -Puja Marwaha
-The Hindustan Times Children represent not only India’s future, but are also integral to securing India’s present. Yet, development indicators continue to show slow progress towards securing their welfare and delivering their basic rights. The very survival of over a million newborns in the country every year continues to be at risk. Prospects for girls in particular are getting grimmer, with successive Census figures revealing a declining sex ratio. About 44%...
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