-Reuters/ Business Today The government aims to cut spending on food and fertiliser subsidies to Rs 3.7 lakh crore ($44.6 billion) in the fiscal year from April, down 26% from this year, two government officials said, to rein in a fiscal deficit that ballooned during the COVID-19 pandemic. Food and fertiliser subsidies alone account for about one-eighth of total budget spending of Rs 39.45 lakh crore this fiscal year, but reductions...
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The Public Distribution System is more than free grains -Dipa Sinha
-Moneycontrol.com The free and subsidised grains are an implicit income transfer to people and ensure basic protection from starvation The distribution of free grains through the Public Distribution System (PDS) under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) has been one of the main relief measures undertaken by the Indian government in response to the economic distress brought about by the Covid pandemic. From April 2020 until the end of 2022,...
More »Govt liabilities increase to Rs 147 trillion in September-end
-PTI/ The Telegraph Weighted average yield of primary issuances hardened to 7.33 per cent in Q2 FY2023 from 7.23 per cent in Q1 FY2023 New Delhi: The government’s total liabilities increased to Rs 147.19 lakh crore in September-end from Rs 145.72 lakh crore (trillion) at the end of June this fiscal year, according to the latest data on public debt. In percentage terms, it reflects a quarter-on-quarter increase of 1 per cent in...
More »Fact check: Is the demand for MGNREGA jobs declining, as Finance Minister Nirmala Sitharaman claims? -Nidhi Jacob
-Factchecker.in/ Scroll.in MGNREGA is a social security and employment scheme which aims to provide at least 100 days of guaranteed employment in a year to every rural household. Union Finance Minister Nirmala Sitharaman, while addressing the Lower House of the Parliament on December 14, claimed that the demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act is declining. “There is now very obviously a declining demand for jobs in the...
More »Teacher shortage in Jharkhand schools, most pupils have forgotten how to read and write, post-Covid survey shows
Jharkhand's government schools have a massive teacher shortage, a survey by Gyan Vigyan Samiti Jharkhand has found. The survey was conducted in 138 primary and upper primary schools between September and October 2022 to assess their condition after the Covid-19 pandemic. Jharkhand's school system was shut for two years, among the longest in the world. Teachers told the surveyors they felt that most students had forgotten how to read and...
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