Dipa Sinha (for Info only, not official)

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Dipa Sinha

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    ...This has been justified on the grounds that the primary responsibility lies with the states, which should make adequate allocations from the additional funds they now have access to as a result of the increased share of revenue they are getting following the Fourteenth Finance Commission. But there is some expectation that this time it may be different. Such an expectation has mainly been built by a number of ruling party leaders arguing that demonetisation will bring in additional revenue for the government (it’s now quite clear that it will not), which will be used for increasing expenditure on the poor. Further, given the hardships caused by demonetisation on people especially from rural, marginalized and poor communities, the government is also under pressure to do something to display its commitment to the poor. ...

    Live Mint on Jan. 26, 2017, 12:17 a.m.