-NDTV blog Nirmala Sitharaman said: "We have spent, we have spent and we have spent." She had every reason to claim that, since the budget numbers show that the centre spent ₹ 4.1 lakh crore, or 13 percent above what it had planned for last year. Additional spending will continue this year: expenditure is estimated to go up by 14.5 percent in 2021-2022 compared to last year, even though the government's...
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India needs to look beyond the 137% spending hike to fix its public healthcare -Arjun Srinivas and howindialives.com
-Livemint.com Much of the increased spending will go towards preventive aspects of healthcare, with the health ministry by itself not gaining much even after the pandemic. India needs to do a whole lot more to strengthen its health infrastructure In her Budget speech, Finance Minister Nirmala Sitharaman announced a 137% increase in allocations on “health and well-being" for 2021-22, to ₹2.24 trillion. Embedded in that declaration was a definitional change: it also...
More »Budget 2021 fails to give priority to boosting jobs -Ashwini Deshpande
-The Indian Express The budget should have shown how serious it was about inclusive growth by announcing direct cash support to informal workers, circular migrants, agricultural labour, in addition to steady in-kind food transfers from the overflowing coffers of the FCI by making PDS universal. India’s annual budget, announced amidst much anticipation, focused on health as one of its key pillars. The fact that health and “inclusive growth” found their way into...
More »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 »Agriculture infra cess may hit state revenues -Sayantan Bera
-Hindustan Times/ Livemint.com “There is an immediate need to improve agricultural infrastructure so that we produce more, while also conserving and processing agricultural output efficiently,” Nirmala Sitharaman said in her budget speech. The government on Monday introduced a new agriculture infrastructure development cess (AIDC) on petrol, diesel and several other imported items. Finance minister Nirmala Sitharaman assured it won’t place any additional burden on consumers. However, following the introduction of the cess, states...
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