-The Indian Express Many patients also reported their inability to access public insurance schemes like MPJAY due to lack of co-operation from hospitals, and incurring heavy Debt to pay their hospital bills for Covid and other emergency health conditions. Pune: Manisha Palekar from Kolhapur narrated the story of her husband, a public school teacher, who tested positive for Covid-19 and had to be admitted to a private hospital, which charged them Rs...
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Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22
In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the 15th Finance Commission Main Report for 2021-26. But first, let us discuss 'fertilizer subsidy'. The budget documents for Union Budget 2021-22 show that the spending on ‘fertilizer subsidy’ was slashed from Rs. 1,33,947 crore in 2020-21 (revised estimate) to Rs. 79,530 crore in 2021-22 (budget estimate). However, the budgetary...
More »Story of Budget 2021, in 9 charts -howindialives.com
-Livemint.com The Union government has finally stepped on the gas when it comes to spending. But after a temporary splurge in the rest of this fiscal year, the finance ministry will tighten its purse strings to bring down Debt levels, the budget numbers suggest Even as countries across the world raised spending aggressively to counter the economic impact of the covid-19 pandemic, India had remained an outlier. Throughout the pandemic, the finance...
More »Before Budget: Revenues Crash, Debt Mounts – But People Still Deprived -Subodh Varma
-Newsclick.in The Modi government has created a huge mess of its finances in the past year cutting spending and borrowing heavily. When the Union Budget is presented tomorrow (February 1), the government will have its hands full and pockets empty. In the current financial year, which will end on March 31, currently available information shows that revenues (government income) are going to be much short of what was estimated in last year’s...
More »Farmers’ agitation will impact global trade -Devinder Sharma
-The Tribune Instead of leaving the farmers to face the vagaries of markets, which have pushed them globally into a Debt trap, the demand for ensuring that no trading takes place below the MSP not only provides farmers with a safety net but it will also gradually become an economic design for the rest of the world to emulate. Across the globe, farmers are suffering the consequences of keeping farm-gate prices...
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