After the Fourteenth Finance Commission award, aggregate transfers as a percentage of gross domestic product has increased, while grants as a percentage of GDP has declined. The centre is resorting...
Budget 2016–17
Budget 2016-17 was presented after the Economic Survey recognised weaknesses in the Indian economy and raised hopes that the government would usher in major changes to enthuse the private sector to...
Health allocations in Budget 2016-17, which show a modest increase in nominal terms, must be viewed against the virtual stagnation of allocations since 2010-11, and the major cuts of 2015-16...
Budget 2016-17 correctly recognises that the economy is facing a demand slowdown but fails to back this up with necessary expenditure to boost aggregate demand. Guided by its programme of fiscal...
Since sustainable deficit could be different than the numeric fiscal rule, a review of the Fiscal Responsibility and Budget Management Act is timely and important. However, such a review should bear...
Budget 2016-17 recognises that the rural economy is in crisis; however, it fails to address this with sufficient targeted rural spending. A perusal of budget documents reveals exaggerated expenditure...
The Pradhan Mantri Ujjwala Yojana, to provide concessional LPG connections, is a step in the right direction but much more needs to be done by 2019 and beyond to ensure homes in India cook using...
