- Financial Express The Union Government will present its ninth and last full budget before national elections in early 2024. But none of the growth engines inspire optimism, Santosh Mehrotra writes in Financial Express. Nearly 60 percent of India's GDP is accounted for by private onsumption expenditure. However, since demonetisation consumer expenditure has been tepid as job growth fell sharply. Per capita consumption in 2022-23 is just above the level of 2019-20. Private...
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Understanding the rejig in India’s food security programme -Roshan Kishore and Pavitra Kanagaraj
-Hindustan Times India’s Public Distribution System (PDS) after the enactment of the National Food Security Act (NFSA) promises 5kg foodgrain per persons at a highly subsidised cost of ₹3/kg for rice, Rs.2/kg for wheat and Rs.1/kg for cereals. The government will stand to lose this revenue after the decision to make PDS entitlements free. New Delhi: On December 24, the Union government announced a rejig of India’s food security programme. It has...
More »Government expenditure on early childhood education a mere 0.1% of GDP: report -Jagriti Chandra
-The Hindu The study calls for raising it to 1.6% to 2.2% of GDP The government expenditure in India on early childhood education (ECE) for children between the age of three years and six years is a mere 0.1% of the GDP, and the average spend per child of ₹8,297 per annum is at least a fourth of desired levels, according to a new study. The research conducted jointly by the Centre for...
More »More than half the funds for POSHAN Abhiyaan unutilised: NITI Aayog report -Taran Deol
-Down to Earth The scheme has an earmarked three-year budget of Rs 9,046.17 crore from 2017-18, when it was launched Less than half the funds set aside for the POSHAN Abhiyaan have been utilised by India’s states, according to the fourth progress report released by the NITI Aayog September 1, 2022. States and Union territories (UTs) with poor distribution of mobile phones and growth monitoring devices emerged as those with low fund utilisation....
More »Doubling trouble: It’s mid-2022; is it good days yet for farm incomes? -Rajit Sengupta
-Down to Earth The Union government's claim about being on track to double farmers' income sounds hollow as it has not even spent the allocated budget for agrarian schemes in three of the past five years On February 28, 2016 Prime Minister Narendra Modi pledged to double farmers’ income by 2022-23—his gift to the country in its 75th year of independence. In the six years since then, the Union government has not...
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