-FirstPost.com The preliminary reactions of many people after the Budget presentation gave the impression that farm sector got a boost in terms of a significant increase in budget outlays for the sector. But a closer look reveals that behind this apparent increase is the accounting adjustment of funds for interest subvention, earlier reported under the Ministry of Finance, now shown under the Ministry of Agriculture. In 2014-15, actual spending by the Department...
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Promise of Achhe Din? A Critical Analysis of Union Budget 2016-17 -Delhi Solidarity Group
-Report by Delhi Solidarity Group The Government of India presented its annual budget with much fanfare, claiming it to be propoor and pro-rural, but the question looms whether it will really change the lives of the marginalized sections of the society. For a country like India that claims to be ‘democratic, socialist, sovereign, republic’ working towards the ‘welfare’ of its citizens it might be assumed that the key areas on priority...
More »Budget 2016, through a prism of the poor -Brinda Karat
-The Indian Express Gamlina’s response is just one example of how distant this government is from the lives of the poor and how tokenistic its schemes are. Gamlina Soren, an elected panchayat member in Jharkhand, sounded upset. She had been told by a local BJP functionary that gas cylinders were going to be “gifted” to poor women by the Centre but that they must have a BPL card. “But most poor Adivasi...
More »Laying the ground
-The Hindu Business Line The Budget’s agriculture focus is welcome, but it could have done better A Budget with a purported focus on agriculture could not have come at a better time. There has been a sharp dip in agriculture output from a trend rate of growth of 4 per cent per annum in the period 2004-05 to 2011-12 to about 1.5 per cent in the next four years, which includes a...
More »Unhealthy Budget: Tokenism in the name of catastrophe -Indranil Mukhopadhyay
-The Hindu Business Line The proposed investment in healthcare is inadequate Budget 2015 was catastrophic for health, as investments tanked to a historic low. Against that backdrop, when the Finance Minister talks about measures to tackle catastrophic health events, there’s bound to be some scepticism. And that deepens on hearing the plan for a ₹ 1 lakh insurance to address catastrophes. Yes, impoverishment due to out-of-pocket expenditure on health is a major...
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