-TheWire.in While the scheme has laid the foundation, its expansion will, like the GST, require a great deal of political consensus across states. The Narendra Modi government’s interim budget, which was announced in February 2019, brought a bonanza for farmers. Piyush Goyal, who was the finance minister when Arun Jaitley was on medical leave, announced a new scheme called the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) under which Rs 6,000 per year...
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Recently presented Union Budget does not provide updated data on important heads for FY 2018-19
During budget presentations, budget documents, which are provided, carry updated data and information related to various departments and ministries of the Central Government such as on revenues, expenditures, deficits etc. Recently economists like Dr. Rathin Roy and Prof. Jayati Ghosh have expressed concerns about the Ministry of Finance for not uploading updated and appropriate budgetary data and figures on the website www.indiabudget.gov.in following the 2019-20 Union Budget presentation by the...
More »Explained: Why Centre's Reported Finances in the Economic Survey and Budget Differ -Suyash Tiwari
-TheWire.in/ PRS blog The Union Budget replicates Revised Estimates reported in the interim Budget, not the updated figures for 2018-19 from the Controller General of Accounts. Finance minister Nirmala Sitharaman presented the Union Budget for the financial year 2019-20 in parliament on July 5, 2019. In the 2019-20 budget, the government presented the estimates of its expenditure and receipts for the year 2019-20. The Budget also gave an account of how much...
More »The Mystery Of The 'Missing' Rs. 1.7 Lakh Crore In India's Budget -Sreenivasan Jain
-NDTV Three days after the Union Budget was presented, questions have surfaced over a nearly Rs. 2 lakh crore 'fiscal hole' in India's financial accounts. The anomaly was first picked up by Rathin Roy, a member of the Prime Minister's Economic Advisory Council. Writing in the Business Standard, he studied both the Economic Survey and the Budget and found that the revenue estimates for 2018-19, in other words how much the government...
More »CSOs are unhappy with the way the Economic Survey 2018-19 & the Union Budget 2019-20 dealt with MGNREGA
-Press release by NREGA Sangharsh Morcha and Peoples' Action for Employment Guarantee (PAEG) dated 9 July, 2019 Even as many parts of the county suffer from drought, the new government at the centre has allocated a mere Rs 60,000 crores for the National Rural Employment Guarantee Act (NREGA) for the ongoing financial year. This is Rs 1,084 crore less than the revised budget estimate for 2018-19. Expenditure would have been much...
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