-Livemint.com With no significant spending increase to boost consumption or other major reform, the 2020 budget may lack the firepower to reignite the economy A growth slump, a precarious fiscal position and rising inflation: these are extraordinary times for the Indian economy. Yet in the 2020 Budget, these extraordinary times did not lead to the extraordinary measures so many economists were clamouring for. Like previous budgets under this government, the latest one...
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India's slashed education spending should alarm all -Bharat Dogra
-Newsclick.in The latest education budget needs condemnation but got kudos. In recent times there has been growing discontent in universities and colleges over rising fees and cost of education. The growing worries about access to higher education for students of modest means extend beyond this, to the steady privatisation of higher education. Already, according to the government’s own data, nearly 77% of the colleges, accounting for about two-thirds of the students, are...
More »MGNREGA allocation is way off the mark to uplift the rural economy & address economic downturn, say Right to Work activists
The Union Budget 2020-21, which was presented by the Finance Minister Smt. Nirmala Sitharaman on 1st February, 2020 has failed to impress civil society activists and farmers' rights groups (click here and here). Through their press releases and notes, members of CSOs were demanding as well as suggesting the Union Government for hiking the budgetary allocation for schemes like Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and Pradhan Mantri...
More »Budgetary allocations to agricultural and rural sector is meagre, alleges ASHA
-Press release by Alliance for Sustainable & Holistic Agriculture (ASHA) dated 1st February, 2020 New Delhi, February 1st 2020: A thorough analysis of the Budget shows that even though the Budget speech spoke much about Agriculture and Rural sector and a 16-point program, the allocations for the Rural Economy were in fact slashed in this Budget compared to previous year. The Budget allocation for Agriculture, Allied sectors and Irrigation in 2020-21...
More »For the rural poor, a manufactured crisis -Rajendran Narayanan
-The Hindu Instead of focusing on increasing rural wages, the BJP-led government is wasting resources on the NPR and NRC The National Population Register (NPR) and a possible National Register of Citizens (NRC), which will unleash a humanitarian crisis, are being pushed at a time when rural distress is acute. With the Budget due soon, let’s look at how the BJP-led government has served the interests of the rural poor. A grim picture The...
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