-The Hindu Minister was responding to a tweet from Rahul Gandhi which cited a news report on allocations for children being slashed by half Union Minister Smriti Irani has said that a children-centric scheme of the government had seen a “390%” increase in Budgetary allocations since 2014. She was responding to a tweet by Congress leader Rahul Gandhi. On Monday, Mr. Gandhi retweeted a news report on “share” of Budgetary allocation for children...
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Healthcare Budget Allocation Low As It's States' Responsibility: Finance Secretary
-PTI/ NDTV Finance secretary T V Somanathan on Monday said healthcare is primarily the responsibility of the states Mumbai: Finance secretary TV Somanathan on Monday said healthcare is primarily the responsibility of the states, amid suggestions by the industry that the Budgetary allocation for the sector is still low at 1.3 per cent of GDP. At a post-Budget interaction of industry representatives in Mumbai with finance minister Nirmala Sitharaman, Confederation of Indian Industry...
More »Rural Distress Makes India Inc. Call for Higher MGNREGA Allocation -Rabindra Nath Sinha
-Newsclick.in By doing so, the corporate sector seems to have cautioned the government against expecting a fast rebound in industrial activity, as there is sizeable idle capacity in the absence of consumption demand. Kolkata: Rural stress and funds for the rural job guarantee scheme were surprise additions in the organised corporate sector’s listed points for the post-Budget interaction with the Union government held on February 5 under the aegis of the Confederation...
More »If India wants to spend its money well, it should build infrastructure that is climate resilient -Flavia Lopes
-IndiaSpend.com/ Scroll.in In the 2022 Budget, the Centre proposed to earmark Rs 1-lakh crore in interest-free loans for states, some of which will be used for developing infrastructure. In May 2021, when Cyclone Yaas hit the eastern coast of India, a hospital in Bihar’s capital Patna was inundated in the floods and patients had nowhere to go. In September 2021, parts of the national capital, Delhi, were waterlogged because of heavy rains...
More »Strange optimism -Renu Kohli
-The Telegraph The RBI’s inflation analysis goes against the grain The Budget for 2022-23 was saluted for its growth push despite the record gap in revenues and expenditures: Rs 15 trillion would be borrowed to fill these. This, however, did not hold back the stock market from touching the sky, nor commentary greeting the raised capex to draw in private investments, create jobs, and support demand. Days later, the euphoria subsided as...
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