ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Budget 2014-15Subscribe to Budget 2014-15

Agriculture: Intentions and Actions

The agriculture sector has grown rapidly in the past decade but this has been on the back of rising real prices and not productivity growth. Budget 2014 made a large number of announcements on new schemes and new policies to address the immediate and longterm challenges. An assessment of the budget initiatives.

New Macroeconomic Consensus Rules Budget 2014-15

A critique of the macroeconomic framework that underlies the fiscal consolidation approach of the Union Budget for 2014-15 .

Union Budget and the 'Digital Divide'

The emphasis on use of digital technologies to bridge the "rural-urban gap" in the union budget is limited to high talk and minimal allocations. The need for a more comprehensive and peoples' participation-oriented rural action plan should have been the focus while setting sectoral allocations, but that is not to be in this mid-year budget.

Cracks in Budgetary Policies towards the Social Sectors

The union budget for 2014-15 offers few changes in terms of policy priorities from the United Progressive Alliance government's interim budget for 2014-15, and it fails to recognise the cracks in the country's budgetary policies towards the social sectors, which have been worsening over time.

Revenue Mobilisation

In recent years, fiscal consolidation has been led by contraction in government spending. In the Union Budget for 2014-15 revenue mobilisation has received a major thrust, as buoyancies of all major taxes are expected to go up. This article examines the challenges of attempting to improve revenue collection and meet the targets for revenue.
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