In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the 15th Finance Commission Main Report for 2021-26. But first, let us discuss 'fertilizer subsidy'. The budget documents for Union Budget 2021-22 show that the spending on ‘fertilizer subsidy’ was slashed from Rs. 1,33,947 crore in 2020-21 (revised estimate) to Rs. 79,530 crore in 2021-22 (budget estimate). However, the budgetary...
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Union Budget 2021-22 has slashed funds for ICDS, mid-day meal scheme, MGNREGA & maternity entitlements
-Press released by Right to Food Campaign dated 3rd February, 2021 In its press release dated 3rd February, 2021, Right to Food Campaign has stated that the Union Budget 2021-22 reduced financial allocations for crucial social security schemes such as the Integrated Child Development Services (ICDS), midday meals, maternity entitlements, and the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Please click here to Access the press release. Kindly click here, here, here...
More »A Budget that fails to address the hunger pandemic -Dipa Sinha
-The Hindu In a year of economic slowdown and growing inequality, we have been presented with a stingy Budget that fails to ensure the bare necessities for all While the country continues to grapple with the health and economic crisis as a result of COVID-19, widespread hunger and food insecurity is a silent emergency that has not been getting sufficient attention. Unfortunately, the Union Budget also does not include any significant measures...
More »Union Budget 2021: Budget sends mixed signals on farm sector -Priscilla Jebaraj
-The Hindu Farmer advocates not impressed by on-ground impact of budget announcements The Union Budget sent mixed signals to the tens of thousands of farmers who have been protesting on Delhi’s borders for the last two months, and the wider agricultural community. On the one hand, the budget allocation for the Department of Agriculture, Cooperation and Farmers Welfare was slashed 8.5% in 2021-22. The flagship PM-KISAN scheme, meant to provide income support to...
More »Budget 2021 Expectations: A budget full of hope, a transformative opportunity for India’s women and girls -Soumya Kapoor Mehta, Sona Mitra and Kanika Jha Kingra
-Financial Express Union Budget 2021 Expectations by Women: The Union Budget 2021-22 presents an opportunity to ensure that India’s economic growth and development is inclusive. Union Budget 2021-22 Expectations by Women: The year 2021 started with a renewed sense of hope, with vaccines for COVID-19 being rolled out across several nations. There is also hope that countries will be able to bounce back to pre-pandemic levels of growth by designing and delivering...
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