-TheWire.in/ PRS blog The Union Budget replicates revised estimates reported in the interim Budget, not the updated figures for 2018-19 from the Controller General of Accounts. Finance minister Nirmala Sitharaman presented the Union Budget for the financial year 2019-20 in parliament on July 5, 2019. In the 2019-20 budget, the government presented the estimates of its expenditure and receipts for the year 2019-20. The Budget also gave an account of how much...
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Uttarakhand's rivers quench the thirst of millions while its residents face water shortage -Mayank Aggarwal
-Mongabay.com * Uttarakhand has vast water resources and is a lifeline for millions of people living in downstream areas. However, many areas in the state are facing a water shortage. * The hill state is going to polls in the first phase of the 2019 Lok Sabha elections on April 11. In some constituencies, voters, dissatisfied with authorities for failing to provide water facilities, aim to register their protests, by boycotting the...
More »Rural India buying less of consumer products due to falling income -Viveat Susan Pinto & Shally Seth Mohile
-Business Standard Falling incomes and longer winter to translate into lower demand for at least some months The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing economic growth and falling rural wages are leading to a sharp fall in demand, one that will reflect in the next few quarters. A longer winter season has delayed offtake of...
More »The mistaken obsession with the fiscal deficit -CP Chandrasekhar and Jayati Ghosh
-Networkideas.org It’s that time of year again – the time when all eyes turn to those magic numbers, the actual and proposed fiscal deficits of the central government as shares of GDP. Breathless news anchors will interrogate financial investors on what the numbers mean, and why 3.5 per cent or 3.7 per cent is fatally worse than, say, 3.4 per cent or 3.2 per cent or less. Everyone will breathe a...
More »Audit report on Rafale deal not yet complete, says CAG -Priscilla Jebaraj
-The Hindu In a response to an RTI query, the CAG said: “Audit Report is under preparation. Therefore, no information can be provided in this stage.” The Comptroller and Auditor General (CAG) has not yet completed its audit report regarding purchase of Rafale aircraft, according to its response to an RTI query this week. This erodes the basis of the Supreme Court’s December 2018 judgement on the Rafale case, according to RTI...
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