When a massive sum of public money is spent on a programme like Mahatma Gandhi Rural Employment Guarantee Programme (MGNREGA)--a demand-driven programme, there is likelihood of financial misappropriations and mismanagement. Thankfully there are checks and balances in the rural employment guarantee legislation to counter such malpractices. It is worth noting that the total allocation under the Mahatma Gandhi Rural Employment Guarantee Programme (MGNREGA) for 2020-21 was Rs. 1,11,500.00 crore (R.E.), up...

-The Indian Express Evidence suggests that citizen participation in budgeting and closer engagement in the monitoring of civic works results in better outcomes and fewer leakages. The budget season is upon us. The Union budget, which lays out the receipt and expenditure proposals of the Government of India, is an annual feature in Parliament on February 1. It receives extensive press coverage — in fact, it sends both TV and print media...

-Livemint.com/ PTI Finance Minister Nirmala Sitharaman while presenting Budget 2021-22 earlier this month had announced the privatisation of Public Sector Banks To facilitate the privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year. Amendments would be required in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 for privatisation, sources said. These Acts...

-NDTV.com In February 2015, Prime Minister Narendra Modi, in a speech in Parliament, ridiculed the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) program as a symbol of the policy failures of the previous United Progressive Alliance (UPA) government headed by Dr. Manmohan Singh and, in his typical coarse style, taunted that he would bleed the program to a slow death. Exactly six years later, on February 12, 2021, Finance Minister Nirmala...

-Hindustan Times The chairman of the 15th Finance Commission, NK Singh, spoke to Zia Haq about the final report of the Commission for 2021-26 which has now been made public. Edited excerpts. The Constitution, through Article 280 to 281, provides for finance commissions every five years as a mechanism for sharing of taxes and revenues vertically between the Centre and states; and horizontally among all states, based on levels of development, demographic...