-The Hindu FM allocates Rs.48,000 crore for MGNREGA; says it will be brought under digital scrutiny The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), once described by Prime Minister Narendra Modi as a “living monument of the UPA’s failure,” got its highest ever allocation — Rs.48,000 crore — since its inception over a decade ago. Finance Minister Arun Jaitley, however, indicated that the funds dispensed would come under increased digital scrutiny. “The...
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Union Budget and the agrarian crisis -MS Swaminathan
-Deccan Chronicle Arun Jaitley has reiterated the government’s resolve to help farmers double their income in another four years. Keeping in view the problems faced by farm families, who comprise over 60 per cent of our population, the Finance minister Arun Jaitley has reiterated the government’s resolve to help farmers double their income in another four years. The various measures suggested for doubling income include distribution of soil health cards, promotion of more crop per drop,...
More »Budget 2017: What Finance minister Arun Jaitley said versus what the numbers show -Samarth Bansal
-Hindustan Times The budget is about policy, and the budget speech has to strike a balance with politics. How well do they match? The allocation for MGNREGA is up 1% What Jaitley said: “Honourable Members would be happy to note that the budget provision of Rs. 38,500 crores under MGNREGA in 2016-17 has been increased to Rs. 48,000 crores in 2017-18. This is the highest ever allocation for MGNREGA.” What the numbers say: Yes,...
More »Modi Government's Budgetary Allocation for MNREGA Is Barely an Increase
-TheWire.in Two supplementary MNREGA allocations were made by the government last year. This means, there’s only a 1%, not 25%, actual increase in this year’s Budget. New Delhi: The Finance minister claimed that this year’s Budget allocations for the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) were a new “record”, at Rs 48,000 crore. But is this really a substantial increase? And, more importantly, is it enough? The 2016-17 Budget had...
More »The Tale And Maths Of Universal Basic Income -Jean Dreze
-NDTV The rock-star days are back for Chief Economic Advisor Arvind Subramanian, who had maintained a studied silence ever since India scored an economic self-goal over his head on 8 November 2016. His ambitious Economic Survey, released on Tuesday, includes a much-awaited presentation of the Finance Ministry's thinking on Universal Basic Income (UBI). Contrary to some media reports, the Survey does not advocate a specific plan for UBI in India. Rather,...
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