-Centre for Budget and Governance Accountability (CBGA) ‘Analysis of Union Budget’ is a publication which Centre for Budget and Governance Accountability (CBGA) brings out every year following the presentation of the Union Budget in Parliament. This document presents our analysis of the priorities and trends in the Union Budget with regard to the sectors and issues that are directly relevant for the poorer sections of the population. Accordingly, this publication focuses...

-Hindustan Times The chairman of the 15th Finance Commission, NK Singh, spoke to Zia Haq about the final report of the Commission for 2021-26 which has now been made public. Edited excerpts. The Constitution, through Article 280 to 281, provides for finance commissions every five years as a mechanism for sharing of taxes and revenues vertically between the Centre and states; and horizontally among all states, based on levels of development, demographic...

-MongabayIndia.com * The main focus of the Union Budget for 2021-22 is on infrastructure development-led growth. * This is expected to create a demand in the economy and thereby help it recover after the pandemic crisis. * This commentary explores whether the thrust on infrastructure development will lead to adverse environmental consequences. * The views expressed in this commentary are that of the author. Investment in infrastructure is the most important focus area in the...

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...

-Hindustan Times Here are three charts which can help us understand this. If there is one point on which the Union Budget 2021-22 has received bipartisan praise, it is the fiscal transparency it has brought into budgetary calculations. By bringing hitherto uncounted expenditure heads into the budgetary numbers, and accounting for past dues, the budget has done away with the dubious practice of artificially underreporting the fiscal deficit numbers. While this is a...