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        Society for Policy Studies
 
 

 
Indian Union Budget 2015

Presenting the national budget for the next fiscal, Finance Minister Arun Jaitley Saturday said the state of the country's economy was better placed today with its credibility re-established by a series of measures taken by his government.

 

Post-reform India has had three gamechanging budgets. Manmohan Singh’s 1991-92, P. Chidambaram’s 1997-98 and Yashwant Sinha’s 2000-01 Union budgets genuinely broke new ground. Whether Jailey’s will be the fourth in 25 years — the situation demands it should be — will be clear tomorrow.

 

The rail budget missed an ideal opportunity to lay out the agenda for the future in a concrete manner. Instead, it was a statement of lofty intent.

 

A Railway budget is essentially an opportunity for any government to push forward GDP growth by at least 2.5 per cent, but the Modi government, in its second budget, has lost the opportunity again.

 

Any big change requires big ideas, decisive leadership and happy coincidence of circumstances. Nothing illustrates this better than the unfolding story of cooperative federalism in India.

 

The government’s first full year budget is an excellent chance to recognise missed opportunities and take corrective action with regard to investing in addressing gender inequality

 
  Exim Bank, IDBI Bank, IFCI expected to contribute to dedicated fund, which is likely to be augmented by budgetary support from govt
 

The next three days will shape the short-term future of the stock market, have a bearing on investor and consumer confidence, and provide another opportunity for just about anyone to make up their mind on the Narendra Modi-led National Democratic Alliance (NDA) government

 

The point of interest in this railway budget is the manner in which Railway Minister Suresh Prabhu plans to address the high working ratio, which hovers around 90 per cent, implying that to earn one rupee, 90 paise is spent. 

 
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A better conceived strategy to encourage the recycling of gold is necessary. Going by the international experience, especially that of China and Turkey, a few options could be considered

 


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India has accused the United Nations Security Council and the international community of tending to ignore the terrorists ravaging Afghanistan and their backers while these forces “have stood up against one of the biggest collective military efforts in the world.”
 
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Title: Reporting Pakistan; Author: Meena Menon; Publisher: Viking/Penguin Random House; Pages: 340; Price: Rs 599

 
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  A former Indian civil servant, who is currently a professor of Public Policy and Political Science at Duke University, US spent long periods in distant villages and city slums of India. The result? A scholarly book that presen...

 
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