-The Hindu State rejects Centre’s options; to work for consensus among States. THIRUVANANTHAPURAM: Kerala has rejected the two options for Goods and Services Tax (GST) compensation mooted by the Centre at the 41st GST Council meeting earlier this week. Instead the State has asked the Centre to take a loan and provide compensation to the States. “We have decided to inform the Centre in writing that the State cannot agree to the two...
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No economic reason to privatise banks -Aunindyo Chakravarty
-The Tribune Is there a case to be made for privatisation to help the government raise funds and reduce its fiscal burden and avoid having to recapitalise them every now and then? It is based on an entirely faulty understanding of why the govt needs to own banks. Banks are instruments through which capital flows into the economy. Bank privatisation is a hot topic again. It kicked off when Finance Minister Nirmala...
More »Can raising the approved labour budget from 280.76 crore person-days to 306.6 crore person-days help the unskilled returnee migrants who prefer MGNREGA to Garib Kalyan Rojgar Abhiyaan?
Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...
More »Migrant foodgrain scheme reached less than 15% of 8 crore target -Priscilla Jebaraj
-The Hindu Andhra Pradesh, Goa and Telangana had zero percent distribution The scheme to provide free rations to eight crore migrants under the Aatmanirbhar package reached less than 15% of its target beneficiaries, according to data provided by the Food Ministry on Wednesday. Andhra Pradesh, Goa and Telangana had zero percent distribution and seven States had less than 1% distribution. The scheme was announced by Finance Minister Nirmala Sitharaman in mid-May to support...
More »How Have the Centre’s Food Distribution Schemes Performed So Far? -Kabir Agarwal
-TheWire.in Food distribution under the PMGKY and Atmanirbhar Bharat package has been marked by delays. New Delhi: On Tuesday, Prime Minister Narendra Modi announced the extension of the Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) till the end of November. Under the scheme, 800 million ration card holders who are beneficiaries under the National Food Security Act (NSFA) are entitled to five kg additional grain (wheat or rice) per month per person....
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