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Hype and reality -Jayati Ghosh

-The Indian Express The budget recognises the crisis in rural India, but allocations do not match the talk In India now, there appears to be an inverse relationship between the time finance ministers spend talking about a particular issue in their budget speeches and the amount of money they actually allocate to deal with it. This was true of former Finance Minister P. Chidambaram’s budget speeches, but incumbent FM Arun Jaitley...

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'Too little' tag on rural job scheme raise

-The Telegraph New Delhi: Finance minister Arun Jaitley today promised an 11 per cent hike in funds for the rural job scheme over the last financial year but critics termed it "highly insufficient", citing the wage arrears and increased demand. The government, though, has spent substantially more on the scheme this financial year than it had allocated in the last budget. Jaitley has earmarked Rs 38,500 crore for the Mahatma Gandhi National Rural...

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UPA’s flagship MGNREGA receives a fresh lease of life -Harish Damodaran

-The Indian Express ‘Expect 215 crore person-days of employment in 2016-17’ The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA), the flagship welfare programme of the previous UPA dispensation, seems to have received a fresh lease of life. This, barely a year after PM Narendra Modi had called it a “living monument of your (the Congress’s) failure to tackle poverty in 60 years”. Arun Jaitley’s Union budget for 2016-17 has provided a...

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Budget 2016: Allocation math for agriculture sector doesn’t add up -Sayantan Bera

-Livemint.com The agriculture sector saw a 94% increase in allocation, but an analysis of the numbers suggest that the real hike is a modest 27% New Delhi: In a bid to revive growth in agriculture and improve farm incomes, at a time when rural India is weathering a protracted period of distress, the Union Budget presented on Monday placed a renewed focus on the farm sector by increasing funds for crop insurance...

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Union Budget 2016-17: Mere eyewash or some concrete steps

In the age of social media, various sections of the Indian polity and civil society have reacted publicly in diverse voices, following the presentation of the Union Budget 2016-17 by Finance Minister Shri Arun Jaitley. An assessment of the Union Budget 2016-17 has been done in the following paragraphs by the Inclusive Media for Change team, based on a number of media reports, Government documents (including the Budget documents), and reports...

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