-The Hindu ‘Allocation to job-intensive sectors cut’ “Every single number in the Budget is a lie,” Jayati Ghosh, Professor of Economics at Jawaharlal Nehru University (JNU), said in Mumbai on Sunday of the Union Budget. India’s current slowdown is worse than that of 1991 and 2008, and the Budget has cut allocations to all employment-intensive sectors, further adding to the mess, said Ms. Ghosh, one of the world’s leading development economists. “All the...

-The Hindu Concerned over time and quantum of funds to be devolved over the years Even after the Centre accepting the Union Finance Commission’s revenue deficit grant award of Rs. 74,000 crore, the State government is concerned over the time and quantum of funds to be devolved over the years. The concern is largely based on the Centre’s practice of slashing the grant progressively in the previous years. Citing financial constraints, if the...

-The Hindu The economic outlook rests on government meeting investment targets and keeping promises made to stakeholders There were many expectations from the Union Budget 2020: that it would reverse the falling growth rate, reduce unemployment and rekindle the animal spirits needed to revive private investment. Does the Budget really hold out the promise on these counts? To answer the question, the Budget can be judged in terms of its effect...

-The Hindu Business Line Mumbai: The dairy and animal husbandry sectors are again under focus in the Union budget with the Modi Government setting the ambitious target of doubling milk processing capacity to 108 million tonnes by 2025. Dairy giant such as Amul views the target as a window of opportunity for the dairying sectors and income enhancement for the farmers. R S Sodhi , MD of Amul, told BusinessLine that steps such...

-India Water Portal Budget fails to allocate enough to turn the rhetoric of tap water to each household into reality. Union Finance Minister Ms. Nirmala Sitharaman presented the decade's first union budget in the parliament on 1st February 2020. While presenting budget for 2020-2021, she started with the country’s vision for the decade in which she emphasised on water management and clean rivers as one of the 10 points of vision for...