-The Hindu The Centre’s taking up the burden for free food grain distribution in 2023 will provide relief to States The Government has decided not to extend the Pradhan Mantri Garib Kalyan Anna Yojana, (PMGKY), a scheme that ran between April 2020 to December 2022 (except for a short period in between), and provided additional allocation of food grains, i.e., rice or wheat from the central pool at five kilograms a month...
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Can Indian Farmers Reap Benefits From Government Subsidies Amid Inflation? -Subhash Chandra Garg
-TheQuint.in After interest payments, food subsidies, fertiliser subsidy will be third largest single-budget govt expenditure. With the Government seeking an additional appropriation of Rs 1.09 crore through the first supplementary in the current session, India’s fertiliser subsidy bill is set to exceed Rs 2.37 lakh crore this fiscal 2022-23. Govt Expenditures Going Big on Fertiliser Subsidies Excluding interest, pensions, and mandatory transfers to state governments, the revised budgetary discretionary expenditure is likely to be...
More »Pitch on cost of poll promises not linked to freebie debate: Election Commission official -Damini Nath
-The Hindu The government’s fiscal health will be brought into the political discourse with the proposed change, says top Election Commission of India official The Election Commission of India’s (EC) proposal that political parties disclose the financial ramifications of promises in their manifestos was not linked to the recent debate on freebies, but was aimed at improving the implementation of existing guidelines, a top EC official said on Wednesday. The EC had on...
More »Realistic analysis shows that the Indian economy has simply taken little steps in Q1 instead of a quantum leap
There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...
More »Freebies: Uttar Pradesh, Maharashtra are among top-2 states with highest liabilities
-Livemint.com A PIL said that Indian states have outstanding liabilities of ₹59,89,360 crore as of March 31, 2021 A PIL has been filed in the Supreme Court against freebies by state governments. As per the petition, the Indian states have outstanding liabilities of ₹59,89,360 crore as of March 31, 2021, and new sources of risk have emerged in the form of rising expenditure on non-merit freebies. Among the Indian states, Uttar Pradesh and...
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