-The Hindu Business Line Huge losses on procured grains and rising debt are a big concern FCI (Food Corporation of India) is sitting on a mountain of wheat and paddy. In January, the total stock of rice and wheat with FCI was 45.4 million tonnes. This increased to 46.3 million tonnes by April and touched 62.2 million tonnes in May. In July, the stock increased further to 74.2 million which was significantly...
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India's budget math faces a tough challenge now -Nikita Kwatra
-Livemint.com To keep up with the pressure of making headline fiscal deficit numbers look good, the government has increasingly resorted to off-budget financing for revenue as well as capital spending As with every other Union budget in the country, all eyes will focus on the fiscal deficit number that India’s new finance minister, Nirmala Sitharaman presents on 5 July in her maiden budget speech. But for many investors and analysts, how that...
More »A costly short-term borrowing: Dip into small savings -Sunny Verma
-The Indian Express The NSSF collects funds through small savings schemes, such as Post Office Savings Account, National Savings Time Deposits, National Savings Recurring Deposits, National Savings Monthly Income Scheme. It is a costlier form of borrowing for the government as compared to market loans. New Delhi: AN INCREASED reliance on the National Small Savings Fund (NSSF) and issue of recapitalisation bonds has helped the government to improve its fiscal affairs...
More »Can India's draft labour code really bring social security to its informal workers? -Aarefa Johari
-Scroll.in Trade unionists fear a large part of the unorganised sector might be left out of the ambit of the government’s labour code on social security. Rekha Patil, a vegetable seller on a footpath in suburban Mumbai, is a small part of India’s vast informal economy. Her husband, a farmer in Palghar, about 110 km north of Mumbai, has an unreliable income. But Patil’s earnings of Rs 350 a day barely sustain...
More »Aruna Roy, well-known social and political activist, interviewed by Jipson John and Jitheesh PM (Frontline.in)
-Frontline.in Interview with Aruna Roy. ARUNA ROY is a well-known social and political activist. A former Indian Administrative Service officer, she resigned from the IAS in 1975 and has since worked with the most oppressed in society. Aruna Roy’s observation on government service is indicative of her future concerns: “Everyone calls it an elite service; I always felt the discourse should be a bit better than what it was. I was shocked...
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