-Down to Earth This comes even as rural India is suffering its worst unemployment crisis in 45 years The Union government slashed budgetary allocation for its flagship Mahatma Gandhi National Rural Employment Generation Act (MGNREGA) in the Budget 2020-21, at a time when rural India is facing all sorts of crises including rising food bills and highest unemployment in the last five decades MGNREGA guarantees at least 100 days of employment to adults...
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Examining the FM's plan to double farmers' income in two years -Ashok Gulati
-The Indian Express The FM’s other ideas for agriculture, especially on Zero Budget Natural Farming (ZBNF), which she repeated this year, need to be tested before it becomes a national policy. In her Budget speech, Nirmala Sitharaman spelled out sixteen measures to reboot agriculture and re-affirmed the Modi government’s resolve to double farmers’ incomes by 2022. Agriculture is categorized by her as “Aspirational India”. All these sixteen measures are broadly in the...
More »Deposit insurance cover raised to Rs.5 lakh
-The Hindu The first increase in 27 years assumes significance in the wake of the crisis at PMC Bank Mumbai: The government has decided to increase the insurance cover for bank deposits to ?5 lakh from ?1 lakh, Finance Minister Nirmala Sitharaman said in her Budget speech. This is the first time since 1993 that the deposit insurance cover has been raised. The Finance Minister assured that there was a robust mechanism in...
More »Health sees minuscule increase; govt to privatise district hospitals -Sumi Sukanya Dutta
-The New Indian Express The proposal, mentioned in the Budget, has raised doubts. NEW DELHI: The idea to privatise district hospital — on which the Centre’s top think tank Niti Aayog is still trying to build consensus — was declared as the official policy of the Modi government on Saturday. Union Finance Minister Nirmala Sitharaman, in her budget speech, said that district hospitals will be attached with private medical colleges on public-private...
More »Farmers' group not impressed with Union Budget 2020-21
-Press released by All India Kisan Sangharsh Coordination Committee (AIKSCC) dated 1st February, 2020 Delhi, February 1st 2020: Budget fails to increase rural demand and purchasing power which would have boosted the economy - instead, the Budget only boosts the profits of big corporates and MNCs, said AIKSCC. When the crying need in India’s economy is to increase the demand and purchasing power in rural areas, and hence rural incomes, the...
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