Budget | Centre for Science and Environment

Budget


Walk the talk on carbon tax, Mr Finance Minister

Budget 2015, presented by Finance Minister Arun Jaitley, has a first. In it, India has accepted that it has a de-facto carbon tax—on petroleum products and dirty coal. Arguably, the only big green initiative of this budget is the increase of cess on coal—from Rs 100 per tonne to Rs 200 per tonne. But the question is: is this carbon tax, imposed on the carbon content of fuel, doing what it should—reduce greenhouse gas emissions that are responsible for climate change?

Think differently, Mr Finance Minister

As I write this piece, the finance minister has dispatched the Union Budget 2011. The press is busy reflecting the views of business and industry lobbies, as they quibble over duty exemptions, insist on financial stimulus and other incentives, and cry for big-ticket reform—foreign direct investment in retail and insurance. The only other discussion is about the growing fiscal deficit: will the finance minister give in to populism while extending the programmes for the poor? Or will he raise taxes to pay for the growing developmental needs of the country? The finance minister, it would seem, is caught between two battles: of checking the bulge in fiscal irresponsibility and of meeting the need for delivering governance.

Budget skirts the real issues, does not do enough for environmental concerns: CSE

  • Finance minister loses courage to put fiscal breaks on SUVs and diesel cars

  • Budget fails to put forward any new proposal to strengthen bus transport

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Why is the Finance Minister so willing to allow the rich car owners to mis-use diesel subsidy? Why he wants to forego revenue from this luxury consumption and put peoples’ health and energy security at risk? There is also no support for the bus transport for the masses.

CSE Press Note - Union Budget 2010-11: What does it say on the ‘green’ concerns

  • An analysis done by Centre for Science and Environment (CSE)
  • Says Budget does not offer much relief to green causes, except that of energy 
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Says Budget does not offer much relief to green causes, except that of energy.

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