Union-Budget-2016

Rupak De Chowdhuri / Reuters

How 'The Future Of The Nation' Fell By The Wayside In Union Budget 2016

In India, the total number of children (0-18 years of age group) is 472 million and accounts for 39% of our total population. It would be a fair assumption that the category designated as the future of the nation ought to be secured a good future through substantial investment in their development. Unfortunately, budgetary allocation for children has been experiencing a decline. The overall percentage share of resources allocated for children has fallen from 4.52% in 2014-15 to 3.26% in 2015-16.
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Budget 2016 Falls Short Of Expectations For The Insurance Industry

I had high expectations of the Union Budget 2016/17 and hoped it would solve some of the core issues in the insurance sector. However, this crucial sector was relatively neglected, with minuscule reforms compared to last year's Budget, which saw an enhancement of the tax deduction limit in health insurance, benefits for pensioners and the introduction of personal accident insurance schemes.