-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...
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0.5% tragedy and DeMo confession
-The Telegraph New Delhi: The Demonetisation Demon will gouge India's economic growth in 2016-17 by at least half a percentage point, chief economic adviser Arvind Subramanian told reporters after presenting the Economic Survey a day before the budget. Subramanian, who was voicing his views for the first time on the deeply polarising subject of demonetisation, rejected the dire prophecies of other Oracles, including his former employer, the International Monetary Fund, that projected...
More »Will we miss the budget opportunity? -Jayati Ghosh
-The Indian Express Post-demonetisation, a reversal of the slowdown would require enhanced public spending. It doesn’t appear to be forthcoming. Given the economic uncertainty around the world and the demonetisation-induced domestic downturn in the Indian economy, preparing this year’s Union budget was never going to be an easy task. But the Modi government seems determined to make its task harder. It has managed to generate expectations — that will almost inevitably remain...
More »Why our farmers are killing themselves -A Narayanamoorthy & P Alli
-The Hindu Business Line Rising input costs have shrunk profits, making cultivation unviable. Easy access to credit and better MSPs can help The unremitting wave of farmer suicides has resurfaced, now haunting the farming heartlands of Tamil Nadu. Troubled by a severely deficit monsoon which triggered the worst drought in 140 years, over 100 farmers, mostly in the Cauvery delta, have reportedly committed suicide during a period of one month, and the...
More »Drought relief: TN wants Centre to give Rs. 39,565 cr from disaster fund
-The Hindu Business Line CM writes to Modi, submits memorandum Chennai: The Tamil Nadu government has urged the Centre to sanction ?39,565 crore from the National Disaster Response Fund, and to release immediately Rs. 1,000 crore ‘on account’ to take up drought mitigation work in the state. The state was hit by heavy floods in December 2015 and by Cyclone Vardah in December 2016. The State Disaster Response Fund is not sufficient to...
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