-The Hindu Business Line New accounting mechanism will help govt manage some savings; Revised Estimate for FY23 to be present in Budget for FY24 Initial indications from Inter-Ministerial meetings on the Budget show no significant cuts in allocations for various Ministries. It will be reflected in Revised Estimate (RE). Still, Finance Ministry could get high savings thanks to the new accounting mechanism. Inter-Ministerial meetings to finalise Revised Estimate for Fiscal Year 2022-23 and...

-Newsclick.in On December 6, the Indian Supreme Court will decide on whether non-transparent political donations are hitting the sovereignty of the Indian people and their right to know. Electoral Bonds, in the transparency and accountability graph, as claimed by the government have some inherently anti-democratic characters. Their key feature of anonymity enables a system where people do not know who are giving/donating money to the political parties they then are voting for....

-The Hindu Being fiscally conservative resulted in a rise in extreme poverty, with there being no signs of any course correction A recent World Bank report, titled “Correcting Course”, captures the impact of the COVID-19 pandemic on global poverty. The number of people living in extreme poverty rose by seven crore million in 2020, as the global poverty rate rose from 8.4% in 2019 to 9.3% in 2020. This is the FIRst...

-The Telegraph Document says country is poised to consolidate and accelerate its revival over the rest of the year A Reserve Bank of India (RBI) document on Monday said contact-intensive sectors will lead India’s recovery. Besides, elevated inflation will cool from September ``albeit stubbornly’’ on the back of easing momentum and favourable base effects, according to a paper on the state of the economy co-authored by deputy governor Michael Patra, that is part...

-The Hindu 22.8 crore in India still multi-dimensionally poor, of whom 9.7 crore are children As many as 41.5 crore people exited poverty in India during the 15-year period between 2005-06 and 2019-21, out of which two-thirds exited in the FIRst 10 years, and one-third in the next five years, according to the global Multidimensional Poverty Index (MPI) released on Monday. The report produced by the United Nations Development Programme (UNDP) and the...