-Outlook Is the devolution of national funds to states really worth the praise? * Share of the states in the divisible pool of central taxes has risen from 32% to 42% for five years till 2019-20 * Rise in untied funds transferred is accompanied by cut in Central assistance for state plan spending * Limited ability of the poorer states to expand their fiscal space with own revenue collection * Funds for rural development...
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MNREGA labour budget cut by 220 million person-days -Nitin Sethi
-Business Standard 2,170 million person-days planned for FY17, compared with 2,391 million person-days last year At a time when nearly half of India's 676 districts are grappling with a second consecutive year of drought, the government expects a decline in the demand for work under the flagship Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in 2016-17. The estimated number of days when people in rural India will be offered work under MGNREGS...
More »MGNREGS: Centre to release funds in a week
-The Hindu New Delhi: The Centre on Thursday informed the Supreme Court that Rs. 11,030 crore will be released to States within a week to run the MGNREGA programme, especially to generate employment in drought-hit areas. In an affidavit filed by the Rural Development Ministry, the government told the Supreme Court that the amount will take care of pending wage liability of Rs. 7,983 crore under the MGNREGA scheme as on...
More »Govt to focus on execution, go slow on new scheme launches -Nivedita Mookerji
-The Indian Express Instead of announcing new schemes, focus to be on those already announced and key sectors As the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government pads up to enter its third year in office, its focus would be on key areas such as banking, defence, retail, manufacturing, infrastructure and job creation. If the first two years were about announcing signature schemes and campaigns, and setting the agenda for the...
More »Limited outreach of subsidised crop loan scheme among small & marginal farmers
The budgetary support to interest subvention scheme has increased by almost 14 times between 2006-07 and 2016-17. However, the much-touted subsidised short-term credit scheme provides little help to the small and marginal farmers, apart from tenant farmers. According to the Committee on Medium-term Path on Financial Inclusion, which submitted its report in December 2015, the interest subvention scheme suffers from 3 types of defects: i. Subsidised credit may not be...
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