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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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On a self-imposed trial of three months, the Mehbooba Mufti government in Jammu and Kashmir has gone for what it believes to be a slam dunk.
 
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That China strictly implements the UN Security Council resolutions that sanction North Korea is seen by all. If Pyongyang continues with its nuclear and missile tests, China is bound to support more harsh resolutions on this country.
 
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The core parts of the controversial Terminal High Altitude Area Defense (THAAD) anti-missile system have been moved to the site of what had been a golf course in southern South Korea.
 
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