Allocations are key | The Indian Express

Allocations are key | The Indian Express

Written by Yoginder K. Alagh |Updated: August 8, 2019 1:10:51 am

The writer, a former Union minister, is an economist.

Allocations are key

Economic policy needs to finetune its focus. It needs fewer lectures on reform.

Rural distress is real. Drinking water, improving the efficiency of existing irrigation systems, rural finance — including temporary waiver of loan repayments — need funds, which the affected states don’t have. (Representational Image)

For the Union Budget, two priorities were important in the second quarter of the year. The first was to finance a credible package of relief and recovery after a bad monsoon from the angle of drinking water and sowing. The second was to revive investment. The Economic Survey and budget speech were expected, as in the past, to reflect thinking on critical issues and not score brownie points.