-The Hindu Business Line Experts concerned over low allocations for key schemes New Delhi: It’s like demonetisation didn’t happen at all, activists and economists exclaim. Budget 2017-18, coming right after the demonetisation move, had raised hopes of greater allocations for social sectors — what with Prime Minister Narendra Modi’s mantra of Sabka saath sabka vikaas. Yet, there is all-round disappointment. “It is quite extraordinary. Post demonetisation, this is when you needed substantial moves for...
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Will Budget help double farmers' income? -Vidya Venkat
-The Hindu Most of the earnings of the average farm household were spent in meeting consumption expenditures. Finance Minister Arun Jaitley announced a slew of measures in the Union Budget 2017 to boost the agriculture sector. Higher agricultural credit, higher allocation for irrigation projects, a crop insurance scheme and increased allocations for MGNREGA to dig farm ponds were among the measures announced on February 1. But will these help attain the goal...
More »Share of spend in government expenditure, GDP on education falling for 3 years -Subodh Varma
-The Times of India Spending on education as a share of the central government's total budgeted expenditure has been falling for the past three years. Compared to 2013-14, the last year of UPA, when education got 4.57% of the total expenditure, there has been a steady decline — 3.65% in 2016-17, according to this Budget's revised estimate, with the estimated outlay for the coming year showing a minor uptick at 3.71%. Looking...
More »Farmer bodies want income guarantee -Sanjeeb Mukherjee
-Business Standard The organisations demanded higher budgetary allocation for irrigation Some farmers’ organisations have demanded the Centre announce an income guarantee law for them to ensure a minimum income when crops fail and also when prices crash due to a bumper harvest. To be called the Remunerative and Universal Price Yield Assurance (RUPYA) Act, the legislation would guarantee a price deficiency payment in the event of a price crash, a market intervention scheme...
More »Massive Slump in MNREGA Work After Centre's Unofficial Instructions -Nitin Sethi
-TheWire.in The Centre’s off-record instructions through WhatsApp and a squeeze on funds made the rural work programme crash after a roaring first half of the year. This is second of a two-part series. Read part one here. The WhatsApp messages from the central rural development ministry to states had a chilling effect on the work given under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) after the roaring demand growth in the...
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