-The Hindu Low allocations and specific policy statements point to greater privatisation and withdrawal of the state Finance Minister Nirmala Sitharaman began her speech by saying that the Union Budget was “woven around three prominent themes” — aspirational India, economic development for all and building a caring society. Achieving any of these would require extraordinary efforts on the social sector front starting with allocating additional resources for health, education, nutrition, employment...
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Falling short of aspirations -Ram Singh
-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...
More »Budgetary allocations to agricultural and rural sector is meagre, alleges ASHA
-Press release by Alliance for Sustainable & Holistic Agriculture (ASHA) dated 1st February, 2020 New Delhi, February 1st 2020: A thorough analysis of the Budget shows that even though the Budget speech spoke much about Agriculture and Rural sector and a 16-point program, the allocations for the Rural Economy were in fact slashed in this Budget compared to previous year. The Budget allocation for Agriculture, Allied sectors and Irrigation in 2020-21...
More »What's there for water in the budget kitty? -Partik Kumar
-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...
More »A Budget exercise that is designed for stressed times -TT Ram Mohan
-The Hindu The FM deserves credit for keeping the capital expenditure steady amid receipts shortfall; but her plan does not meet market expectations of sweeping reforms The Finance Minister’s job is a greatly coveted one but no politician would want to be in Nirmala Sitharaman’s shoes today. The Indian economy has slowed to a 5% crawl. The financial system is under considerable stress. Assumptions about tax revenues have gone awry. The clamour...
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