-The Indian Express At the projected economic cost of Rs 29.94/kg for wheat and Rs 42.94/kg for rice, the corresponding per-kg PDS consumer subsidy in the coming fiscal would work out to Rs 27.94 and Rs 39.94, respectively. The Food Corporation of India’s (FCI) “economic cost” of wheat sold through the public distribution system (PDS) is budgeted to go up to Rs 29.94 per kg and that of rice to Rs 42.94...

-Down to Earth While total allocations to Union budget 2021-22 saw an increase of 14.5%, the share for children declined by 10.8% compared to 2020 The novel coronavirus disease (COVID-19) pandemic has dealt a serious blow to the Indian economy. The economic slowdown has aggravated poverty, disrupted public provisioning for children’s welfare, exacerbated existing gaps in availability, access and utilisation of services. It has multiplied challenges for children from marginalised communities. Healthcare, nutrition,...

-The Indian Express Somanathan said the government is trying to reach the target group of unskilled and semi-skilled workers through increased government expenditure in the construction sector. Working with a “constrained resource envelope” in the aftermath of the Covid-19 pandemic ahead of Budget 2021-22, the government essentially had to make a choice between two policy options: handouts and capital expenditure. “We chose capex,” TV Somanathan, Expenditure Secretary, Ministry of Finance, told The...

-IdeasforIndia.in Commenting on the strong infrastructure push in the 2021-22 Budget, Sarmistha Pal argues that an emphasis on investment in infrastructure may not necessarily bring India out of the current economic recession – with the Budget’s negligence of the education sector and insufficient health expenditure, making matters worse. The 2021-22 Union Budget, announced on 1 February 2021, made a definitive turn to the right as it turned its back on providing any...

-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...