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Explaining the Rise in Revenue Deficit Between Modi Govt's Interim and Full Budgets -Aneesha Chitgupi

-TheWire.in While the revenue deficit is estimated to increase in the Union Budget in comparison to the interim one, the fiscal deficit shows a decline thanks to the increase in capital receipts especially through disinvestment. A comparison between the Interim Budget (IB) presented on February 1, 2019, and the full Union Budget (FB) presented before parliament on July for the current fiscal year (2019-20) throws up some intriguing questions. While most commentators have...

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Only 25 per cent water left in dams across Maharashtra -Radheshyam Jadhav

-The Hindu Business Line Sowing completed in 73 per cent area under kharif cultivation Pune: With rains continuing to evade Maharashtra, the dams across the State are left with just 25 per cent water compared to 46.5 per cent stock during the same period last year. Situation in drought hit Marathwada region is alarming as dams have just 0.82 per cent water. There are 4,716 water tankers plying to cater drinking water...

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Migrants aren't streaming into cities, and what this means for urban India -Gregory Randolph and Sahil Gandhi

-Hindustan Times If Indian cities have become successful in turning away migrants, we should see that as the first sign of their demise, not their dynamism. “Stop migration into cities.” These were the words of finance minister Nirmala Sitharaman during last week’s budget speech, even as she — confusingly — called urbanization an “opportunity rather than a challenge.” A call to stop rural-urban migration should alarm, but not surprise us. The FM’s statement...

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CAG demonstrates how govt relies on off-budget resources to fund deficit - Dinesh Narayanan

-The Economic Times India’s deficit numbers have come under lens as the govt is increasingly depending on off-budget borrowings. The Comptroller and Auditor General (CAG) has said that the central government’s key deficit figures may be considerably higher than those stated in the union budget. In a presentation to the 15th Finance Commission (FFC) on July 8, three days after the July 5 budget, CAG has asked whether the extra-budgetary resources accounted for...

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Underfunding, misleading claims: The story of MGNREGA in New India -Debmalya Nandy

-Down to Earth Govt has made tall claims on NREGA implementation; but it is neither keen on providing dignified wages nor allocating adequate funds for the scheme The Union Budget for 2019-20 ignored issues of social security and employment and did not show any intent to boost rural India. The Budget tabled by Nirmala Sitharaman on July 5, 2019 was a disappointment for 13 crore rural households dependent on the Mahatma Gandhi...

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