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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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Indian judge Dalveer Bhandari was re-elected to the International Court of Justice on Monday as the UN General Assembly rallied behind him in a show of force that made Britain  bow to the majority and withdraw its candidate.
 
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Those with a resolve make a big difference to the society. They inspire others to make the best out of a bad situation, steer out of morass with fortitude. Insha Mushtaq, the teenage girl who was pelleted to complete blindness during 2016 emerged as a classic example of courage.
 
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Tibetan spiritual leader the Dalai Lama on Sunday said India and China have "great potential" and they could work together at a "practical level".
 
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This week a major United Nations gathering on climate change gets underway in Bonn, Germany.
 
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Prime Minister Narendra Modi's efforts to build India's global appeal for investors seem to have finally yielded returns in terms of the country's performance in the World Bank&rsquo...

 
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Title: The People Next Door -The Curious History of India-Pakistan Relations; Author: T.C.A. Raghavan; Publisher: HarperCollins ; Pages: 361; Price: Rs 699

 
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Could the North Korean nuclear issue which is giving the world an anxious time due to presence of hotheads on each side, the invasion of Iraq and its toxic fallout, and above all, the arms race in the teeming but impoverished South Asian subcon...

 
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Title: A Bonsai Tree; Author: Narendra Luther; Publisher: Niyogi Books; Pages: 227 Many books have been written on India's partition but here is a firsthand account of the horror by a migrant from what is now Pakistan, who ...

 
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As talk of war and violence -- all that Mahatma Gandhi stood against -- gains prominence across the world, a Gandhian scholar has urged that the teachings of the apostle of non-violence be taken to the classroom.

 
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Interview with Hudson Institute’s Aparna Pande, whose book From Chanakya to Modi: Evolution of India’s Foreign Policy, was released on June 17.