-The Hindu Finance Bill provides for rise of Rs.5/litre While the Budget has effected a hike in the duties and cess on petrol and diesel amounting to Rs.2 per litre, the government has given itself the leeway for a further increase of levies by Rs.5 per litre, Revenue Secretary Ajay Bhushan Pandey said. While Finance Minister Nirmala Sitharaman had announced a Rs.1/litre increase in the Special Additional Duty (SAD) on petrol and diesel...
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PRImary schools: Merger muddle -Abinash Dash Choudhury
-Frontline.in The mergers of small PRImary schools with low enrolment rates with bigger ones may have saved money for the Jharkhand government, but it has wreaked havoc on the lives of children in remote areas who find it difficult to commute to their new schools. It is a little past seven in the morning, time for children to get ready for school. But for nine-year-old Phoolmati Kumari, in Tengrapathar village of Jharkhand’s...
More »Falling far short of the goal -CP Chandrasekhar
-The Hindu The rhetoric in the Budget of accelerated, inclusive and sustainable development receives only limited financial backing The general election is over and a new government has been formed. But the campaign does not seem to end. More than an hour of Finance Minister Nirmala Sitharaman’s maiden Budget speech was largely devoted to underlining what she claimed were the remarkable economic achievements of the previous government. Given that legacy, she presented...
More »Economic Survey's Call for MGNREGA to Become 'Rural Distress Indicator' a Nod to Jobs Crisis?
-TheWire.in The survey also conferred a lot of credit on the Centre’s move in 2015 to implement direct benefit transfer and Aadhaar-linked payments when it comes to workers' wages. New Delhi: In tacit acceptance of the sudden surge in demand for jobs under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) following the demonetisation move of the government in 2016, the Economic Survey (released this July 4) has called for using...
More »A Budget that goes nowhere -C Rammanohar Reddy
-The Hindu It would seem that since the government is unable to catalyse domestic investment or fund public investment, it is now turning abroad to fuel growth Union Finance Minister Nirmala Sitharaman is mistaken if she thinks her first Budget is going to revive a slowing economy. The economy grew by just 5.8% in real terms in the last quarter of 2018-19. Yet, the Union Budget for 2019-20 assumes that the economy will...
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