The weekly observer edition 4

Page 1

The Weekly

BSERVER An IIJNM Publication

Volume 16 Issue 14

Thursday, 02 February, 2017

Themes of Budget 2017-18 Infrastructure

This year’s Budget will transform, energise India & clean the economy from impediments that affect growth. Narendra Modi @narendramodi A perfect sum up of the #Budget2017. India in trusting and worthy hands. Kiran Bedi @thekiranbedi This #Budget2017 is inclusive, participative and will take our nation to the next level of development! #BudgetForBetterIndia Devendra Fadnavis @Dev_Fadnavis Big industry not happy: Wanted a corporate tax cut. But where is incentive for honest, tax compliant citizens like you and me? #Budget2017 Rajdeep Sardesai @sardesairajdeep A controversial #Budget2017 which is clueless, useless, baseless, missionless and actionless. Heartless Mamata Banerjee @MamataOfficial It is good to note despite 5 assembly elections around the corner, #Budget2017 has not been used to blatantly deliver sops to these states Chetan Bhagat @chetan_bhagat Income tax halved and now at 5% for those who earn between 2.5 and five lakhs #Budget2017 Barkha Dutt @BDUTT Indian Railways to further promote tourism through dedicated trains #BudgetForBetterIndia Suresh Prabhu @sureshpprabhu

Rural Population

Ease of taxation a priority: Jaitley Nivedita Naidu nivedita.n@iijnm.org

The Poor and the Underprivileged ‘Tax administration,’ one of the ten

Tax Administration

Public Service Prudent Fiscal Management Financial Sector

Youth

Farmers

Digital Economy

“distinct themes,” structuring this year’s budget focuses on making taxation rates more reasonable, administration fairer and expanding the tax-base in the country. “The present burden of taxation is mainly on honest tax payers and salaried employees who are showing their income correctly,” finance minister Arun Jaitley said as he presented this year’s budget. “I would like to assure everyone that honest, tax-compliant person would be treated with dignity and courtesy,” he added. To encourage new tax payers the budget proposes that a person in the slab one category of income (i.e with an income of Rs 2.5 lakhs-5 lakhs) filing taxes for the first time would not be subject to scrutiny unless there is specific information available with the department. Mr Jaitley also proposed a slash in the rate of direct taxes to 5 percent for people earning Rs 2.5 lakh to 5 lakh per annum. Conitnued on pg 3

2017 budget aims at ‘energising youth through education’ Romita M romita.m@iijnm.org On the auspicious Day of Saraswati Puja (Goddess of Learning) Finance Minister Arun Jaitley, announced the Union Budget 201718. Jaitley mentioned, “Energising the youth through education, skills and jobs,” as one of the ten themes of the budget. An initiative to measure annual learning outcomes in schools has been proposed. It will focus on creativity, local innovation and science education. In addition, an innovation fund for secondary schools will be introduced. It will focus on using ICT (Information and Communication Technology) to encourage access and innovation in learning. 3479 educationally backward blocks have been identified for the same. Ajay Seth, Principal Secretary of Primary & Secondary Education in Karnataka, appreciated

the budget for recognising the challenges in providing quality education. He said basic school level evaluation falls short of assessing what a child is learning. Seth was however concerned about how “innovation” will be funded by the Rashtriya Sarva Shiksha Abhiyan (RSSA) and Rashtriya Madhyamik Shiksha Abhiyan(RMSA) programs. “Considering that the budget allocation has barely increased by 130 crores to RMSA, if the budget turns out insufficient then some existing programs might have to be rolled back to facilitate new schemes,” he added. Mita Das, retired government school teacher says, “It’s appreciable that they have focused on innovation but how do they plan to implement it? Teacher training has to be taken seriously for these schemes to succeed.” These measures have however failed to address the urgent

need for primary level learning revolution. NGOs like Pratham and Accountability Initiative have been campaigning vociferously for an overhaul in the primary learning schemes that affect students below the age of 10. Ministry of Human Resources’ Microsoft-powered online platform SWAYAM presently offers 287 courses. The platform will be scale dup to launch 350 courses. It will allow students to access online learning in various fields. A major requirement of CBSE has been answered as a National Testing Agency has been proposed that will undertake the common entrance tests. While Jaitley mentioned the Skill India initiative, there was no update on its accomplishments to date. An additional 600 vocational centres across various districts have been proposed for the existing Pradhan Mantri Kaushal Kendra (PMKK) that provides

vocational training to people. 100 international skill centres have been proposed that will offer advanced courses and foreign language training. Schemes for employment generation like Skill Strengthening for Industrial Value Enhancement (STRIVE), Skill Acquisition and Knowledge Awareness for Livelihood Promotion programme (SANKALP) with budgets of Rs. 2,200 and 4,000 crores respectively. Two new AIIMS centres will be established in Jharkhand and Gujarat to facilitate medical education and low-cost treatment. The other themes of the budget included rural population, infrastructure, financial sector, digital economy, public service. Sadly, the budget held more sops for Saraswati’s siblings Goddess Laxmi (Personal Finance) and Karthik (Industry).


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