-The Indian Express Universal health coverage (UHC) is at the heart of the government's healthcare agenda. The 12th Five Year Plan targets a long-term goal of UHC where "each individual would have assured access to a defined essential range of medicines and treatment at an affordable price, which would be entirely free for a large percentage of the population". But this year's reduced budgetary allocation raises troublesome questions about its ability...
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Nehruvian budget in the corporate age -Jean Drèze
-The Hindu The Budget overlooks the fact that human capabilities are as important as physical capital for economic growth and the quality of life. It goes back to the days when growth and development sounded synonymous, physical capital was thought to be the key, and human capital took a back seat Once upon a time, around the end of the Second World War, there was a naive view in development economics that...
More »Of Bold Strokes and Fine Prints: Analysis of Union Budget 2015-16 by CBGA
-Centre for Budget and Governance Accountability (CBGA) This publication highlights a range of pertinent issues primarily focusing on social sectors (such as education, health, drinking water and sanitation, food security etc.) and the responsiveness of the Union Budget towards the vulnerable sections of the population, (such as, women, children, dalits, adivasis, religious minorities, persons with disabilities and the Urban Poor). In addition, a number of important issues pertaining to taxation, renewable...
More »Social spending cut first time in a decade
-Hindustan Times The government slashed plan expenditure by about 20% in the 2015-16 budget amid fiscal concerns, hitting spending on social sectors such as education and women's empowerment that were the focus areas of the previous UPA administration. In the 2014-15 budget, Arun Jaitley allocated Rs. 5,75,000 crore for plan expenditure, or money that goes towards creation of productive assets, but could spare only Rs. 4,65,277 crore this time. This is also...
More »The budget exposes the class bias of the Modi govt -Prasenjit Bose
-Hindustan Times Finance Minister Arun Jaitley's claims of already having achieved an economic turnaround, made in his budget speech, evoke suspicion. Inflation is certainly down and so is the current account deficit, but that has almost entirely to do with the crash in international crude oil prices, which have fallen from $110 per barrel in June 2014 to around $57 per barrel currently. In fact, rather than passing on the full...
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