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

Long on Announcements, Short on Intent

The first full-year budget of the National Democratic Alliance government announced a sharp focus on investment, growth and social security. In addition, Budget 2015-16 claims to have given a boost to cooperative federalism. The budget indeed makes numerous impressive-sounding announcements, but stumbles in the details. This article focuses on the attention-grabbing push for investments and finds that the target of Rs 70,000 crore investment may be over-ambitious. As far as devolution of funds to states is concerned, the recommendations of the Fourteenth Finance Commission have been diluted and the states may find themselves short-changed.



Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

649for India

$20for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top