The emergence of “mandatory Aadhaar” for anything and everything – school admissions, public examinations, bank accounts, insurance – has no support in the Aadhaar Act.
Even as schemes have received minimal allocations, this budget signals an important shift in the political narrative. Gone is the focus on jobs, skills, aspirations and empowerment.
The government’s announcement of the National Health Protection Scheme for 10 crore families is, in fact, a massive insurance scheme for 50 crore of India’s poorest.
Vinod Dua breaks down the Union Budget 2018.
There is a paucity of demand of India – which requires an expansionary fiscal policy to revive employment, growth and investment.
While the government claims it “will bring healthcare system closer to the homes of people,” it hopes to do this through the private sector, not by strengthening the public health system.
The revised fiscal deficit target of 3.3% does not stand the test of credibility as it is based on a rather optimistic assumption that GDP will grow by 11.5%.
This fulfils a long-pending demand of the people of Tawang, and the army, which faces a huge challenge every winter to keep the Pass open.
Budget 2018 may be a good election weapon but given the difficulties faced by the economy and the incapacity of the government to deliver quickly, it can produce a political dividend for the BJP only if elections are held soon.
Siddharth Varadarajan and Anuj Srivas talk about the Union Budget 2018-2019.
The Wire’s founding editor M.K. Venu talks to Yamini Aiyar, president and chief executive of the Centre for Policy Research.
While the Rs 55,000 crore earmarked for this year is technically the highest since the scheme’s inception, it’s the same when taking into account the supplementary allocations infused last year and the scheme’s pending liabilities.
Ambiguities and more talk than outlays mean that little is likely to change.
The panel had suggested a fiscal deviation band of 0.5% to deal with unforeseen events and enacting a new Debt and Fiscal Responsibility Act.
Finance minister Arun Jaitley’s entire emphasis has been on the poor, with a few tweaks to the salaried, income-tax paying classes almost as an afterthought.
Rs 9.46 lakh worth of projects have been pushed through online monitoring system, the finance minister said.
The government announced a new health protection scheme to give Rs 5 lakh to 50 crore poor and vulnerable individuals, despite existing schemes on this hitting roadblocks.
Welcome to The Wire’s live blog on the Modi government’s last full budget before 2019 elections.
Highlights of finance minister Arun Jaitley’s Budget speech.
P. Tamilselvi, a mushroom farmer from Tamil Nadu, has increased her income many times over by paying more attention to marketing.
Should the RBI intervene and help exporters or does it make sense to wait and see when the interest rate differential peters out?
In a green paper, organisations have pointed out how a number of promises made to farmers have not been kept.
The PHD Chamber of Commerce has also batted for replacing all income tax with a banking transaction tax, an idea that has found favour within parts of the Sangh Parivar but has been rejected by most economists.
Snigdha Poonam’s ‘Dreamers’ attempts to tell the story of India’s demographic nightmare through the ordinary and often troubling lives of a few young people.
In large parts of the country, land tenure is unclear due to multiple, overlapping claims, and land that is not explicitly declared as forest are especially susceptible to land grabs.
Vinod Dua discusses the upcoming Union budget 2018 and communal violence in Uttar Pradesh’s Kasganj.
The NDA, one of the most anti-poor, anti-farmer, anti-rural governments in India’s history, is likely to finally be forced to put some resources aside for the social sector.
The prime minister’s speech revealed contradictions between the way his government has acted and the way it wants to act on climate change and globalisation.
In the face of growing inequality, we need not just compassionate and creative capitalism, but also one which recognises the ethical core of reciprocity.
The Wire breaks down the Economic Survey’s assessment of FY 2017-2018, the outlook for FY 2018-2019 and what it means for the upcoming Budget.
The huge number of ‘unwanted girls’ is a direct result of the ‘son meta preference’ where parents continue to have children until they have the desired number of sons.
There is a striking similarity in the economic performance of both NDA governments – and their neglect of agrarian and rural distress.
Subramanian said the markets are surging because of money being diverted from real estate to gold and that vigilance should be increased to ensure that a sharp correction does not happen.
The survey examines the impact of the Modi government’s push for formalisation but is relatively less silent on what it means for employment and socio-economic development.
Whether any of this means the government will finally increase R&D spending to 1% of GDP or distribute resources more favourably on February 1 remains to be seen.
Modi is facing voter discontent over falling farm incomes and the lack of jobs for hundreds of thousands of youth entering the labour force each month.
As per the annual survey, real GDP growth will rise to 7-7.5% in the coming fiscal year.
The revival of the Indian economy in 2018-19 faces strong headwinds because the unorganised sector has been marginalised repeatedly in the last 14 months.
The cascading tax burden on consumers clashes with the Modi government’s stated plan to improve poor people’s access to electricity.
Despite international brands sourcing from Bengaluru factories promising to look into the living conditions of workers, not much has changed, a new report says.