Ummid Assistant

Applications open for Manmohan scholarship at Cambridge

Opportunities for Indian students in US

Welcome Guest! You are here: Home » National

Citizens praise budget, but question efficacy on ground

Thursday February 28, 2013 08:19:48 PM, IANS

Related Article

2013 Union Budget

Chidambaram proposes Rs.3,511cr for Minorities

Laying stress on the development of the minorities in India, Finance Minister P. Chidambaram on Thursday proposed to allocate 3,511 crore rupees to the »

Chidambaram proposes Rs.2,400 crore to powerloom sector

Chidambaram terms education priority area, hikes allocation 17 percent

Chidambaram's marginal rebate to low-income taxpayers

Chidambaram set to present India's 82nd budget

This will be a make-or-break budget for UPA

I

New Delhi: The public's reaction to the 2013-14 budget is positive, though a section of the "aam admi" feels that it will take a fair amount of sweat for the government to meet the target of containing the fiscal deficit at 4.8 percent of the gross domestic product in the new fiscal.

However, entrepreneurs and the tech-fraternity are happy with the incentives offered by the government to create a vibrant "start-up technology eco-system and drive innovations with more support to technology incubators".

"In the the last five years, I think this is the best budget for the start-up eco-system. The government has sent a subtle message that it wants the small and medium companies to grow big and it has offered several sops to compete at the national level," Sanjay Vijayakumar, CEO of Kochi-based MobME Wireless told IANS on telephone.

The government has allowed small and medium industries, run by "informed investors", to list on the stock exchange without making an initial public offer (IPO) to raise capital and has provided Rs.1,000 crore to train 10 lakh youth in skill development, he said.

"Such schemes will benefit the youth and the students," the entrepreneur said.

There is good news for agriculture and watershed development with increased allocation, but "we need effective implementation," says Sunita Narain, director general of the Centre for Science and Environment (CSE).

Pointing to the workable components and targets which did not seem feasible, Narain said "the recognition that small and marginal farmers need investment in improved land productivity is a critical component of the budget".

Narain said the finance minister's decision to "evolve a scheme to encourage cities to take up waste-to-energy propjects in public-private partnership mode shows his complete lack of understanding of garbage".

"What is needed is to incentivize municipalities that can segregate, recycle and reuse waste, not build white-elephant waste plants. But clearly, that does not suit the technology-fixated mindset. Now these funds will push another round of bad projects, which will create more problems than solve existing ones," Narain said in a statement.

Schemes like the allocation of Rs.1,000 crore for women's safety and empowerment are just an appendix, said Crystal David John, head of the economics department at the Stella Maris College in Chennai. "What is needed for women's empowerment is an all-round gender sensitivity which should percolate down to the ground level and create an environment for justice," John told IANS from Chennai.

John was echoed by Radhika Chakavarty, a 19-year-old student of St. Stephen's College in the capital. "Schemes like these are not enough. The focus should be on better laws and implementation of policies," she addded.

Rameez, a 21-year-old student in the capital said "the special bank for women is justified because women have poor access to credit in rural areas".

There has been a 8.7 per cent increase in child welfare schemes from last year, but there has been no focus on the Integrated Child Protection Scheme, which was promised, Bharti Ali, director of the HAQ Centre for Child Rights said.

"Though greater attention to schemes is important, how the increased budget is spread across the heads is crucial to the success of the schemes," she explained.

Pankaj Sinha, a 23-year-old executive at Pininfarina, observed that the "introduction of service taxes was earlier confined to only the restaurants that served the liquor and the 18 per cent hike on cigarettes and cigarillos might either reduce consumption or become a major cause for outrage".

Describing the budget allocation as "real short" for the health sector, Bejon Misra, founder trustee of the Consumer Online Forum, said "he was disappointed with very little focus on social security issues like pension, healthcare to all, employment and debt servicing in the manner as was expected". It was more of a balancing act, he added.

"I must tell you that 10 percent Indians are holding 50 percent of India's total income. They are the super-rich of India. Why should the finance minister be reluctant to tax the super rich (10 per cent surcharge has been levied on those who earn more than Rs 1 crore)? The thing that is lacking in this budget is triggers what actually happens on the ground," V. Mukund Das, director of the Chandragupt Institute of Management in Patna, told IANS over telephone.

The implementation of the schemes have to be efficient and the approach to fiscal welfare "pro-poor", Das said.


 

 






 

Home | Top of the Page

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

i

More Headlines

Women don’t need to veil, can travel alone: Saudi Mufti

Gadar Memorial in US to become museum

Chidambaram terms education priority area, hikes allocation 17 percent

Chidambaram proposes Rs.2,400 crore to powerloom sector

Congress wins nine seats in Meghalaya

Left retains Tripura -- for fifth straight term

Eight govt doctors to be arrested for negligence

Eye injured in surgery: Negligent doctor hauled up

Children with disorders appeal to PM for help

Chidambaram begins presenting India's 82nd budget

Left Front set to retain power in Tripura

Children with disorders appeal to PM for help

 

Top Stories

2013 Union Budget

Chidambaram proposes Rs.3,511cr for Minorities

Laying stress on the development of the minorities in India, Finance Minister P. Chidambaram on Thursday proposed to allocate 3,511 crore rupees to the Ministry of Minority  »

Chidambaram proposes Rs.2,400 crore to powerloom sector

Chidambaram set to present India's 82nd budget

Chidambaram's marginal rebate to low-income taxpayers

 

  Most Read

Muslim youth selectively being targeted: Parliament told

Union Minister of State for Home Affairs R P N Singh was on Tuesday cornered in the Lok Sabha during question hour by a large number of members  »

Stop victimisation of Muslim youths: Delhi convention on Politics of Terror

Do you feel the pain of Indian Muslims, Mr. Prime Minister

Assembly Election Results

Left retains Tripura -- for fifth straight term

Tripura's ruling Left Front Thursday stormed back to power in Tripura for the fifth straight term, delivering a humiliating blow to the Congress. The Left Front led by the Communist Party   »

NPF leading in Nagaland

Congress wins nine seats in Meghalaya

 

  News Pick

Hagel confirmed as defence secretary; critics play India card

After a bruising political fight, President Barack Obama finally got Chuck Hagel confirmed as defence secretary by the Senate even as a new controversy erupted over his nominee's "distorted views" on India. The final 58-41 vote fell nearly down party lines, with only four Republicans voting for  »

Rajya Sabha adopts motion for JPC probe into chopper deal

After a walkout by several opposition parties, the Rajya Sabha Wednesday adopted a motion for the setting up of a joint parliamentary committee to probe the deal for purchase of VVIP helicopters.  »

Cops throw old couple off moving train, woman dead

In a shocking incident, an elderly woman was killed and her husband wounded when the couple was thrown out of a moving train by government railway police (GRP) personnel for boarding the wrong train, police   »

Press council chief urged to take action against bias media, stop Media trial

Gen. Secretary of Civil Liberties Monitoring Committee Lateef Mohammed Khan in an open letter sent to the Press Council Chief, Justice (Rtrd.) Markandey Katju has urged  »

 

Picture of the Day

Paratroopers in formation of Akashganga during the Indian Air Force Fire Power demonstration Exercise 'Iron Fist 2013' at Pokharan, Jaisalmer, Rajasthan on February 22, 2013.

 

Recommend the story to your friends

 

 
 
 
 
 
 
 
 

RSS  |  Contact us

 

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Science & Technology

RSS

Scholarships

About us

International

Health

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

The Funny Side

Education & Career

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

© 2012 Awaz Multimedia & Publications. All rights reserved.