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...
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139 million people across Indian cities likely to run out of savings by month-end -Ganesh Rao, Praveen Ravi and Vishnu Padmanabhan
-Livemint.com 30% of India’s urban population may deplete their lifetime savings by the end of June and would find it difficult to meet essential consumption In the best of times, India’s poor lead a fragile existence but in the worst of times their situation becomes extremely precarious. The lockdown of the country over the past few months has discomfited everyone but it has hit the urban poor the hardest. Measuring vulnerability accurately is...
More »Ensuring food security in times of Covid-19 -Amita Bhaduri
-IndiaWaterPortal.org A study conducted in 47 districts indicates that over half of the surveyed households are eating less during lockdown. The study, ‘Covid-19 induced lockdown - How is hinterland coping’, based on a large survey undertaken by a consortium of civil society organisations undertook a rapid assessment of the impact of series of lockdowns on rural poor households. Of the many coping mechanisms, the most prominent was that over 50 percent of...
More »Union Budget 2020-21: An expert's guide to rural distress -Jitendra
-Down to Earth Nirmala Sitharaman's Budget has all the ingredients to deepen India’s farm crisis These are desperate times for India. Rural unemployment was at a 45-year-high while consumption expenditure of rural families fell 9 per cent between 2011-12 and 2017-18, according to a report by the National Sample Survey Office (NSSO), which the government never released but got leaked to the media in November 2019. Between 2011-12 and 2015-16, the income of farmers...
More »Decoding the Priorities: An Analysis of Union Budget 2020-21 -CBGA
-Decoding the Priorities: An Analysis of Union Budget 2020-21, Centre for Budget and Governance Accountability (CBGA), February 2020 The publication presents an analysis of the priorities in Union Budget 2020-21, both on public expenditure and resource mobilisation front. It has been divided broadly into five chapters. The first chapter focuses on a host of important aspects under Resource Mobilisation, like domestic tax policy, international taxation policy, financial transparency, and Centre-State...
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