Jobless growth still the leitmotif

Basole, Amit (2017) Jobless growth still the leitmotif. The Tribune.

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Abstract

IN what has been termed as a "routine" and "calming" budget, Finance Minister Arun Jaitley's team has checked all the appropriate boxes. Increased outlay for popular schemes like the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and for public investment in infrastructure, and tax cuts for small businesses and the lower end of the salaried classes, while keeping to the announced path of fiscal consolidation with a deficit target of 3.2 per cent. Overall the budget contains no big surprises (such as inheritance tax, universal basic income etc.). But after the economic turmoil caused by demonetisation, was this a lost opportunity to make some big changes? Or is it a deliberate attempt to go back to business as usual?

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Newspaper Article

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Basole, Amit

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