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<p style="text-align:justify"><em>Much was expected from the Union Budget 2022 which has come at a time when the Indian economy is facing an economic turmoil due to the coronavirus pandemic and battling widespread unemployment and inflation.</em></p>
<p style="text-align:justify">High hopes were pinned on this year’s budget as the country saw young people protesting for Railway jobs, farmers protesting for the government to address their loss of incomes, micro-sector producers as they faced closures and PSU workers as they fear loss of jobs due to privatisation. It was expected that the Union Budget would give some relief to these sections by promoting employment in these sectors.</p>
<p style="text-align:justify">Finance minister Nirmala Sitharaman in her speech promised to take care of all these issues, however, the budget numbers suggest that the promises are unlikely to be kept. Allocations have to justify the pronouncements.</p>
<p style="text-align:justify">At Rs 39.45 lakh crore, the budget expenditure is 15.3% of the projected GDP of Rs 258 lakh crore. For the current year, the revised expenditure of Rs 37.7 lakh crore is 16.2% of the estimated GDP of Rs 232.15 lakh crore. In other words, the expenditures will be proportionately less than what they currently are slated to be.</p>
<p style="text-align:justify">The budget number of Rs 39.45 lakh crore is based on an 11.1% increase in GDP. But, if the growth projected for the next year is 8.5%, that implies that the inflation rate would be just 2.6%. This is most unlikely given that the inflation is currently at about 5.5% and, it may jump if increased prices in the health and education sector are to be factored in. It is also likely to remain at elevated levels due to high energy prices globally. In other words, the figure of total expenditures is not credible.</p>
<p style="text-align:justify">The finance minister has also announced a 35% increase in capital expenditure from the budget estimate of Rs 5.5 lakh crore in 2021-22. The revised estimate for the current year is Rs 6.03 lakh crore, which is slated to go up to Rs 7.5 lakh crore. That is an increase of 25%. This is the planned increase over the current year but it is unlikely to materialise given that in the current year, up to November 2021, less than 50% of the planned expenditure had been incurred under this head. To expect that the remainder would be spent in the balance four months is unlikely. So, neither Rs 6.03 lakh crore nor Rs 7.5 lakh crore is expected to be spent.</p>
<p style="text-align:justify">Please <a href="https://thewire.in/government/union-budget-2022-numbers-contradictions-jobs-education-health">click here</a> to read more. </p>
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LATEST NEWS UPDATES | Union Budget 2022: The Concerns and Numbers Don’t Square Up -Arun Kumar </title>
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Much was expected from the Union Budget 2022 which has come at a time when the Indian economy is facing an economic turmoil due to the coronavirus pandemic and battling widespread unemployment and inflation.
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Much was expected from the Union Budget 2022 which has come at a time when the Indian economy is facing an economic turmoil due to the coronavirus pandemic and battling widespread unemployment and inflation.
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<a href="https://im4change.in/latest-news-updates/union-budget-2022-the-concerns-and-numbers-don-t-square-up-arun-kumar.html" target="_blank">Union Budget 2022: The Concerns and Numbers Don’t Square Up -Arun Kumar</a>
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<br><small>February 1, 2022</small>
<p style="padding-top: 6px;">-TheWire.in
Much was expected from the Union Budget 2022 which has come at a time when the Indian economy is facing an economic turmoil due to the coronavirus pandemic and battling widespread unemployment and inflation.
High hopes were pinned on this year’s budget as the country saw...</p>
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<br><small>February 1, 2022</small>
<p style="padding-top: 6px;">-NDTV.com
Budget 2022: "Agriculture employs more than half the working population, yet the centre paid little attention," a prominent farm leader said.
New Delhi: Farmers are disappointed with the meagre announcements made for them during today's budget speech by the finance minister, a prominent farm leader who...</p>
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<a href="https://im4change.in/latest-news-updates/two-lakh-anganwadis-to-be-upgraded-jagriti-chandra.html" target="_blank"><strong style="" >Two lakh anganwadis to be upgraded -Jagriti Chandra</strong></a>
<br><small>February 1, 2022</small>
<p style="padding-top: 6px;">-The Hindu
Allocation for anganwadis sees negligible increase of 0.7%
Two lakh anganwadis will be upgraded in the country, Finance Minister Nirmala Sitharaman said in her Budget speech on Tuesday.
In last year’s Budget, the government had renamed a few schemes and categorised them under ‘Saksham Anganwadi and...</p>
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<br><small>February 1, 2022</small>
<p style="padding-top: 6px;">-The Hindu
High demand in migrant destination States, not source States: it says
Demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme has dropped from the peak of the first lockdown, but is still higher than pre-COVID levels, the Department of Economic...</p>
<a href="https://im4change.in/latest-news-updates/mgnrega-demand-dropped-from-june-2020-peak-but-still-higher-than-pre-covid-eco-survey-priscilla-jebaraj.html"
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<a href="https://im4change.in/latest-news-updates/a-hazy-picture-on-employment-in-india-ramesh-chand-and-jaspal-singh.html" target="_blank"><strong style="" >A hazy picture on employment in India -Ramesh Chand and Jaspal Singh</strong></a>
<br><small>February 1, 2022</small>
<p style="padding-top: 6px;">-The Hindu
The trends in employment have not shown any clear and consistent patterns over the years
The two important indicators of structural transformation in any economy are rates of growth and changes in the structural composition of output and the workforce. India has experienced fairly consistent...</p>
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LATEST NEWS UPDATES | Union Budget 2022: The Concerns and Numbers Don’t Square Up -Arun Kumar </title>
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<a href="https://im4change.in/latest-news-updates/union-budget-2022-the-concerns-and-numbers-don-t-square-up-arun-kumar.html" target="_blank">Union Budget 2022: The Concerns and Numbers Don’t Square Up -Arun Kumar</a>
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<br><small>February 1, 2022</small>
<p style="padding-top: 6px;">-TheWire.in
Much was expected from the Union Budget 2022 which has come at a time when the Indian economy is facing an economic turmoil due to the coronavirus pandemic and battling widespread unemployment and inflation.
High hopes were pinned on this year’s budget as the country saw...</p>
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<br><small>February 1, 2022</small>
<p style="padding-top: 6px;">-NDTV.com
Budget 2022: "Agriculture employs more than half the working population, yet the centre paid little attention," a prominent farm leader said.
New Delhi: Farmers are disappointed with the meagre announcements made for them during today's budget speech by the finance minister, a prominent farm leader who...</p>
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<a href="https://im4change.in/latest-news-updates/two-lakh-anganwadis-to-be-upgraded-jagriti-chandra.html" target="_blank"><strong style="" >Two lakh anganwadis to be upgraded -Jagriti Chandra</strong></a>
<br><small>February 1, 2022</small>
<p style="padding-top: 6px;">-The Hindu
Allocation for anganwadis sees negligible increase of 0.7%
Two lakh anganwadis will be upgraded in the country, Finance Minister Nirmala Sitharaman said in her Budget speech on Tuesday.
In last year’s Budget, the government had renamed a few schemes and categorised them under ‘Saksham Anganwadi and...</p>
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<br><small>February 1, 2022</small>
<p style="padding-top: 6px;">-The Hindu
High demand in migrant destination States, not source States: it says
Demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme has dropped from the peak of the first lockdown, but is still higher than pre-COVID levels, the Department of Economic...</p>
<a href="https://im4change.in/latest-news-updates/mgnrega-demand-dropped-from-june-2020-peak-but-still-higher-than-pre-covid-eco-survey-priscilla-jebaraj.html"
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<a href="https://im4change.in/latest-news-updates/a-hazy-picture-on-employment-in-india-ramesh-chand-and-jaspal-singh.html" target="_blank"><strong style="" >A hazy picture on employment in India -Ramesh Chand and Jaspal Singh</strong></a>
<br><small>February 1, 2022</small>
<p style="padding-top: 6px;">-The Hindu
The trends in employment have not shown any clear and consistent patterns over the years
The two important indicators of structural transformation in any economy are rates of growth and changes in the structural composition of output and the workforce. India has experienced fairly consistent...</p>
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LATEST NEWS UPDATES | Union Budget 2022: The Concerns and Numbers Don’t Square Up -Arun Kumar </title>
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<a href="https://im4change.in/latest-news-updates/union-budget-2022-the-concerns-and-numbers-don-t-square-up-arun-kumar.html" target="_blank">Union Budget 2022: The Concerns and Numbers Don’t Square Up -Arun Kumar</a>
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<br><small>February 1, 2022</small>
<p style="padding-top: 6px;">-TheWire.in
Much was expected from the Union Budget 2022 which has come at a time when the Indian economy is facing an economic turmoil due to the coronavirus pandemic and battling widespread unemployment and inflation.
High hopes were pinned on this year’s budget as the country saw...</p>
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<br><small>February 1, 2022</small>
<p style="padding-top: 6px;">-NDTV.com
Budget 2022: "Agriculture employs more than half the working population, yet the centre paid little attention," a prominent farm leader said.
New Delhi: Farmers are disappointed with the meagre announcements made for them during today's budget speech by the finance minister, a prominent farm leader who...</p>
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<a href="https://im4change.in/latest-news-updates/two-lakh-anganwadis-to-be-upgraded-jagriti-chandra.html" target="_blank"><strong style="" >Two lakh anganwadis to be upgraded -Jagriti Chandra</strong></a>
<br><small>February 1, 2022</small>
<p style="padding-top: 6px;">-The Hindu
Allocation for anganwadis sees negligible increase of 0.7%
Two lakh anganwadis will be upgraded in the country, Finance Minister Nirmala Sitharaman said in her Budget speech on Tuesday.
In last year’s Budget, the government had renamed a few schemes and categorised them under ‘Saksham Anganwadi and...</p>
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<br><small>February 1, 2022</small>
<p style="padding-top: 6px;">-The Hindu
High demand in migrant destination States, not source States: it says
Demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme has dropped from the peak of the first lockdown, but is still higher than pre-COVID levels, the Department of Economic...</p>
<a href="https://im4change.in/latest-news-updates/mgnrega-demand-dropped-from-june-2020-peak-but-still-higher-than-pre-covid-eco-survey-priscilla-jebaraj.html"
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<a href="https://im4change.in/latest-news-updates/a-hazy-picture-on-employment-in-india-ramesh-chand-and-jaspal-singh.html" target="_blank"><strong style="" >A hazy picture on employment in India -Ramesh Chand and Jaspal Singh</strong></a>
<br><small>February 1, 2022</small>
<p style="padding-top: 6px;">-The Hindu
The trends in employment have not shown any clear and consistent patterns over the years
The two important indicators of structural transformation in any economy are rates of growth and changes in the structural composition of output and the workforce. India has experienced fairly consistent...</p>
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LATEST NEWS UPDATES | Union Budget 2022: The Concerns and Numbers Don’t Square Up -Arun Kumar
-TheWire.in
Much was expected from the Union Budget 2022 which has come at a time when the Indian economy is facing an economic turmoil due to the coronavirus pandemic and battling widespread unemployment and inflation.
High hopes were pinned on this year’s budget as the country saw...
-NDTV.com
Budget 2022: "Agriculture employs more than half the working population, yet the centre paid little attention," a prominent farm leader said.
New Delhi: Farmers are disappointed with the meagre announcements made for them during today's budget speech by the finance minister, a prominent farm leader who...
-The Hindu
Allocation for anganwadis sees negligible increase of 0.7%
Two lakh anganwadis will be upgraded in the country, Finance Minister Nirmala Sitharaman said in her Budget speech on Tuesday.
In last year’s Budget, the government had renamed a few schemes and categorised them under ‘Saksham Anganwadi and...
-The Hindu
High demand in migrant destination States, not source States: it says
Demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme has dropped from the peak of the first lockdown, but is still higher than pre-COVID levels, the Department of Economic...
-The Hindu
The trends in employment have not shown any clear and consistent patterns over the years
The two important indicators of structural transformation in any economy are rates of growth and changes in the structural composition of output and the workforce. India has experienced fairly consistent...
