-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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How the Centre Can Ensure Women Receive Maternity Benefits -Vanita Leah Falcao, KC Sachin and Sabhil Nath Painkra
-TheWire.in Increased budgetary allocation is a welcome step, but key aspects of the Pradhan Mantri Matritva Vandana Yojana scheme need to be reviewed. The Union Budget brought with it a 17% increase in this year’s allocation for the Ministry of Women and Child Development (MWCD). Approximately 9% of the total allocation, which is Rs 29,000 crore, has been earmarked for the Pradhan Mantri Matru Vandana Yojana (PMMVY). The PMMVY is a Centrally sponsored...
More »Recently presented Union Budget does not provide updated data on important heads for FY 2018-19
During budget presentations, budget documents, which are provided, carry updated data and information related to various departments and ministries of the Central Government such as on revenues, expenditures, deficits etc. Recently economists like Dr. Rathin Roy and Prof. Jayati Ghosh have expressed concerns about the Ministry of Finance for not uploading updated and appropriate budgetary data and figures on the website www.indiabudget.gov.in following the 2019-20 Union Budget presentation by the...
More »Deposits in Jan Dhan accounts cross Rs.1-trillion mark
-PTI * The scheme was launched on 28 August, 2014, with an aim to provide universal access to banking facilities to people in the country * The total balance in over 36.06 crore PMJDY accounts was at Rs.1,00,495.94 crore as on 3 July New Delhi: Deposits in bank accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the Rs.1 lakh crore mark. As per the latest finance...
More »Jal Shakti ministry needs to make urgent course corrections for paradigm shift in water management -Mihir Shah
-The Indian Express The FM has rightly spoken of a “focus on integrated demand and supply side management of water at the local level, including source sustainability and management of household wastewater for reuse in agriculture”. India is not a water-short country. We have merely managed our plentiful water very poorly. What we need, therefore, is a paradigm shift in policy. Could the finance minister (FM) be said to have risen to...
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