-The Telegraph Arun Jaitley today drew loud cheers from the fiscal conservatives as he displayed "prudence" and stuck to the fiscal deficit - which captures the government's borrowing requirements - target of 3.9 per cent of the GDP for 2015-16 and pegged it at 3.5 per cent of the GDP for 2016-17. As the achievement came despite all the problems that the Indian economy faced - the Economic Survey presented details of...
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A more effective antidote to poverty? -Harish Damodaran
-The Indian Express The average annual MGNREGA spend in TN, for instance, is two-and-a-half times more than that for Bihar. Is the PMGSY more pro-poor compared to MGNREGA? Going by where monies under the two programmes get spent, the answer could well be yes. In a recent analysis, NC Saxena, Distinguished Fellow of the policy think-tank Skoch Development Foundation and former Secretary, Planning Commission, has noted how the expenditure on MGNREGA is...
More »High-level probe ordered into ‘rapes’ during Jat quota violence -Shiv Sunny
-The Hindu The Punjab and Haryana High Court has taken suo motu cognizance of the alleged crime reported by a newspaper; no eyewitness or victims produced yet A high-level probe has been ordered into allegations of at least 10 women being raped by members of a mob in Murthal village in Haryana during the recent quota agitation by the Jat community. Apart from top police officers from the State and members of the...
More »More than Make in India, Jaitley Needs to Focus on Farm in India -Devinder Sharma
-TheWire.in We are in a moment when the global economy shows no signs of revival; Russia and Japan are faced with recession, and emerging economies like Brazil and South Africa are in dire straits. There is no silver lining visible as far as domestic industrial growth is concerned. At such a time, all eyes are on Union finance minister Arun Jaitley to see how he plans to sustain economic growth that...
More »Budget likely to focus on rural-economy schemes to blunt farm crisis -Zia Haq
-Hindustan Times The Modi government is looking to address a worrying agrarian crisis with a set of schemes and Budget provisions aimed at ramping up the larger rural economy, rather than just the farm sector, people familiar with the development told HT. Budget 2015-2016 is likely to provide for a more effective Pradhan Mantri Krishi Sinchayin Yojana, a flagship scheme announced last year to create irrigation infrastructure, with substantially higher allocations. The...
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