-Down to Earth Urea subsidy cut 17%; allocation for NPK subsidy reduced 35% Amid acute shortage of fertilisers in India, Union finance minister Nirmala Sitharaman February 1, 2022, reduced subsidy on urea and nutrient-based (NPK) fertilisers. The move is expected to adversely hit the ailing farm sector. The Rs 63,222.32 crore allocation for urea subsidy in her Budget for 2022-23 was 17 per cent lower than the revised estimates (RE) for 2021-22. Another...
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A hazy picture on employment in India -Ramesh Chand and Jaspal Singh
-The Hindu The trends in employment have not shown any clear and consistent patterns over the years The two important indicators of structural transformation in any economy are rates of growth and changes in the structural composition of output and the workforce. India has experienced fairly consistent changes in the first indicator, especially after the 1991 reforms, but the trend in employment has not revealed any consistent or clear pattern. The growth rate...
More »India UnderSpends On Nutrition, New Nutrition Programme Yet To Be Implemented -Avani Kapur and Ritwik Shukla
-IndiaSpend.com The guidelines of the restructured scheme, Saksham Anganwadi and POSHAN 2.0, are still being worked out and POSHAN 2.0 has not yet Been approved, an RTI response revealed New Delhi: In 2021, the government consolidated several programmes for children, adolescent girls and creches, supplementary nutrition and POSHAN (Prime Minister's Overarching Scheme for Holistic Nourishment) into an umbrella programme called Saksham Anganwadi and POSHAN 2.0. But there is confusion over the objectives...
More »Many farmers left out of PM Kisan benefits in A.P., reveals survey -P Sujatha Varma
-The Hindu ‘Neither are the reasons specified nor a resolution process put in place’ Vijayawada (Andhra Pradesh): About 15.2 lakh farmers in Andhra Pradesh are deprived of the payment instalments under the Centrally-sponsored ‘PM Kisan Samman Nidhi’ that provides input subsidy to them. As part of the scheme, the farmers will receive a sum of ₹6,000 per agricultural year in three instalments of ₹2,000 each and the transfer of the 10th instalment is...
More »A Pandemic and a Union Budget: A Study in Three Acts -Suyash Rai
-TheWire.in How did the onset of the pandemic affect already-struggling budget management, how did the second wave affect the measures taken in Budget 2021-22 and what should we look for in the upcoming Budget? The latest estimates suggest that India’s economic output in 2021-22 is likely to, once again, reach the level it was at in 2019-20. If this happens, the pandemic would have delayed India’s journey to prosperity by two years....
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