-The Hindu The FM deserves credit for keeping the capital expenditure steady amid receipts shortfall; but her plan does not meet market expectations of sweeping reforms The Finance Minister’s job is a greatly coveted one but no politician would want to be in Nirmala Sitharaman’s shoes today. The Indian Economy has slowed to a 5% crawl. The financial system is under considerable stress. Assumptions about tax revenues have gone awry. The clamour...
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Farmers' group not impressed with Union Budget 2020-21
-Press released by All India Kisan Sangharsh Coordination Committee (AIKSCC) dated 1st February, 2020 Delhi, February 1st 2020: Budget fails to increase rural demand and purchasing power which would have boosted the Economy - instead, the Budget only boosts the profits of big corporates and MNCs, said AIKSCC. When the crying need in India’s Economy is to increase the demand and purchasing power in rural areas, and hence rural incomes, the...
More »Union Budget 2020-21: Total rural budgetary allocation, including MGNREGA slashed -Jitendra
-Down to Earth This comes even as rural India is suffering its worst unemployment crisis in 45 years The Union government slashed budgetary allocation for its flagship Mahatma Gandhi National Rural Employment Generation Act (MGNREGA) in the Budget 2020-21, at a time when rural India is facing all sorts of crises including rising food bills and highest unemployment in the last five decades MGNREGA guarantees at least 100 days of employment to adults...
More »Employees' unions oppose govt plan to sell shares in LIC
-PTI Finance Minister Nirmala Sitharaman said the Life Insurance Corporation of India (LIC) will be listed as part of the government disinvestment initiative. LIC employees' unions on Saturday opposed the Centre's plan to sell a part of its shares in the state-run insurance behemoth through an initial public offer (IPO), insisting that the move is "against the national interest". Please click here to read more. ...
More »Economic Survey sources data from Wikipedia, other private entities
-PTI The Survey is also marked by quotes from Shrimad Bhagavad Gita, Rig Veda, Adam Smith's 'An Inquiry into the Nature and Causes of the Wealth of Nations', Kautilya's Arthashastra, and Tamil saint and philosopher Thiruvalluvar's treatise The Thirukural. New Delhi: The Economic Survey 2019-20 has sourced certain data from Wikipedia, which is not considered as reliable source of information. Besides Wikipedia, the Survey has also relied on data from other private...
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