-The Indian Express While the government has failed to deliver what was promised through the main budget and subsequent mini-budgets, estimates for next year also point to missed opportunities to use fiscal measures to revive the ailing economy. Expectations from Budget 2021 were high. Unsurprisingly so, for an economy battered by two years of slowdown, with a pre-pandemic annual growth rate of 4 per cent being a decadal low and the subsequent...
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Behind reduction in agriculture budget, lower spending under PM-Kisan -Harikishan Sharma
-The Indian Express While Finance Minister Nirmala Sitharaman did not mention PM-Kisan in her Budget speech, she tried to assure farmers about the minimum support price (MSP). The Agriculture Ministry did not spend its full budget during 2020-21, leading to a reduction in the allocation in the revised estimates (RE) for the current financial year and a lower outlay for the next one. In Union Budget 2021-22, the two departments—Department of Agriculture,...
More »Union Budget 2021: Slashed funds for NREGA, Poshan Abhiyan 2.0, elderly pensions reflect poorly on Centre -Swati Narayan
-Firstpost.com The biggest hoodwink is the starved Poshan Abhiyan 2.0, which though merges the Supplementary Nutrition Programme and the Poshan Abhiyan, has been allocated an amount less than what was prescribed for Anganwadi services in 2020 In a post-truth world, the plain cold statistics in the fine print of the Union Budget 2021 often reveal more than the Union Finance Minister Nirmala Sitharaman's speech. The budget for NREGA labourers has been slashed despite...
More »Before Budget: Revenues Crash, Debt Mounts – But People Still Deprived -Subodh Varma
-Newsclick.in The Modi government has created a huge mess of its finances in the past year cutting spending and borrowing heavily. When the Union Budget is presented tomorrow (February 1), the government will have its hands full and pockets empty. In the current financial year, which will end on March 31, currently available information shows that revenues (government income) are going to be much short of what was estimated in last year’s...
More »Revise the text of the Budget speech -Jayati Ghosh
-The Hindu The Finance Minister must move to an expansionary fiscal stance that prioritises job creation, public service provision It is that time of year in India, when all eyes and ears turn to the Finance Minister to learn what she will unveil in the annual Union Budget. But it is a moot point whether, even in a year of the novel coronavirus pandemic and economic crisis, that speech will be of...
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