On February 18, 2016, India’s Prime Minister Shri Narendra Modi launched the Pradhan Mantri Fasal Bima Yojana. After its launch, the PMFBY was implemented by 21 states during kharif 2016, whereas in rabi 2016-17, 23 states and 2 UTs implemented the same. The Central Government launched the PMFBY in the kharif season of 2016 with the intention to help farmers cope with crop losses because of unseasonal and extreme weather....
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Social Sector Given Short Shrift in Budget -Rashme Sehgal
-Newsclick.in Major budgetary allocation cuts in crucial schemes for women, children and vulnerable sections are indicative of the government’s lopsided priorities. Finance Minister Nirmala Sitharaman’s budget has helped reinforce one home truth -- that India is divided into the salaried section and a vast underbelly, including the middle class who have been edged into poverty due to job losses suffered during the COVID pandemic. Coming out of the pandemic’s ‘third wave’, issues of...
More »Blissful ignorance -Jayati Ghosh
-The Telegraph The Union budget is an embodiment of unequal fiscal policy The finance minister and her ministry have betrayed, once again, their lack of understanding of the Indian economy or the conditions under which most Indians are living today. Despite attempts to ‘talk up’ the supposed recovery, the economy is weak and most people are hurting. India has seen one of the biggest increases in the number of poor and hungry people...
More »A betrayal of the social sector when it needs help -Dipa Sinha
-The Hindu The government seems to have prioritised meeting its fiscal deficit targets rather than using this opportunity to signal a path of employment-centred and inclusive growth India continues to rank poorly in various global indices that reflect the quality of life, human capital or human development in the country, such as the Human Development Index (rank 131 out of 189 countries) and the Global Hunger Index (rank 101 out of 116...
More »Budget 2022 Shows How Quickly We Forget the Social and Welfare Net That Served Us During COVID -Avani Kapur
-TheWire.in With revenues of the government expanding significantly, this was an opportunity to present a more expansive budget. Unfortunately, the budget made a clear choice. Unlike last year, this year expectations from Budget 2022-23 with respect to the social sector – particularly with respect to schemes for nutrition – were low. While India relied heavily during the peak of the pandemic last year on its welfare architecture, trends on the release of funds...
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