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Analysis of Budget with Kaushik Babu 

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BENGALURU: An evening meet was conducted by Ashirvad (religious organisation) regarding socially relevant theme ‘Analysis of Budget- 2017’ on March 4 at St Joseph’s Indian High School Auditorium. “The most important event in our country is the central budget. GDP (Gross Domestic Product) being one of the indicator’s of growth of the economy; a major component of it comes from the government expenditure, which comes through the annual budget,” said Prof. Kaushik Babu, an Economist from National Law School of India University. During the presentation, he briefed about the allocation of budget money in different sectors. Discussion included allocation of money in social areas such as health, education, childcare, women and Dalits.Babu


Babu Mathew moderating the session                                                                                     ANIT

In the field of education, the scheme ‘Beti Bachao, Beti padhao‘ was allocated with an increase of Rs 43 crore, whereas pre metric scholarship has been cut down in the new budget, he added. Central Budget allocated more money for National Rural Health Mission than National Urban Health Mission. Kaushik Babu pointed out in the discussion that when there is an increase in migration from rural to urban areas, they should treat both sides equally.

There is a hike in allocation of money from Rs 17,408 crore to Rs 22,095 crore for development of women and childcare. However, this budget does not provide an encouraging picture for the Dalit communities. Prof. Mathew also spoke about common concern about social justice.




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