-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...

-The Hindu Allocation has remained same since 2007. Social sector spending has flatlined over the past few years, and massive spending expansions are required to keep Prime Minister Narendra Modi's key promises, Budget data show. Social sector spending - expenditure on health, education, water supply, sanitation and housing among others - has doubled over the past 10 years as a proportion of the Union government's total expenditure. But the big expansion came between...

-The Hindu The government's first full year budget is an excellent chance to recognise missed opportunities and take corrective action with regard to investing in addressing gender inequality The coming Union budget is significant for at least two reasons: first, this will be the new government's maiden full year budget. Second, with the NITI Aayog replacing the Planning Commission, the government is likely to abolish the distinction between plan and non-plan budgets. This...

-Down to Earth Proposed national health policy favours private sector, reluctant to increase public Health Expenditure The initial euphoria around the proposed national health policy seems to be fading ever since the document was placed in the public domain for comments. The draft National Health Policy, 2015, (NHP 2015) is being introduced 13 years after the last policy was drafted. The primary aim of the policy is to strengthen and prioritise the role...

-The Hindu The Draft National Health Policy 2015 fails to tackle head-on the core problem of the Indian health system: its management, administration and overall governance structure The Draft National Health Policy of 2015 released by the Ministry of Health and Family Welfare, Government of India, is a comprehensive document. So comprehensive, in fact, that it says too little by saying too much. A National Heath Policy is commonly read as a...