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Managing the stimulus -Neelkanth Mishra

-The Indian Express The income transfer scheme was the highlight of the budget. But its success will need deft manoeuvring. Like in each of the previous two years, the run-up to the budget this year was rife with fears of significant fiscal slippage if the government caved in to political compulsions. And like in prior years, these fears turned out to be exaggerated. The decline in fiscal deficit ratios has indeed...

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The budget has exposed the NDA government's nervousness -Yamini Aiyar

-Hindustan Times Fiscal prudence has been compromised in favour of pleasing every conceivable vote bank the NDA can appeal to What a difference five years make. In July 2014, when the National Democratic Alliance (NDA) unveiled its first full budget, finance minister Arun Jaitley made clear that the NDA was against “mindless populism”. “India,” he said in a media interaction, “has to make a choice between mindless populism and fiscal prudence…. the...

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Budget 2019: Behind Chest Thumping, Cuts in Welfare and Silence on Jobs -Subodh Varma

-Newsclick.in The Interim Budget granted a paltry Rs 500 per month to farmers as relief, fund cuts for dalits, adivasis and minorities, and was silent on agricultural and industrial workers. It was the theatre of absurd in the Lok Sabha on Friday as replacement Finance Minister Piyush Goyal presented the Interim Budget through an election speech, tom-tomming the so-called achievements of the Narendra Modi government over the past five years, offering an...

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Interim Budget a 'big disappointment' for education sector: RTE forum national convenor -Madan Kumar

-The Times of India PATNA: The Right to Education Forum’s national convenor Ambarish Rai on Friday said the interim Budget came as a ‘big disappointment’ for education sector. He said the insufficient allocation for education sector shows the union government’s shrinking responsibility towards school education and implementation of the Right to Education (RTE) Act-2009. "The Budget again fails to provide the long pending demand of an investment of 6% of GDP on education....

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Prof. Abhijit Sen, a former member of the erstwhile Planning Commission, interviewed by Asit Ranjan Mishra (Livemint.com)

-Livemint.com If you want to give a cash benefit, do it without distinguishing between farmers and non-farmers A toothless NITI Aayog is trying to flex its muscles on India’s statistical system. And in doing so, it is destroying its credibility NEW DELHI: The income support scheme announced in the interim budget for small and marginal farmers is both regressive and inefficient, because it neither includes the poorest landless farmers, nor does it...

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