-Hindustan Times The NDA government has set an ambitious target of spending 65% of its annual rural development budget by June to tackle drought and unprecedented shortage of water across the country. * Why the high expenditure? As large parts of the country reel under acute water shortage, the government will spend almost 65% of its annual budget by next month to mitigate the crisis. * What does this mean? The firm focus of the...
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Revisit interest subsidy scheme for farmers -Ashutosh Kumar Tripathi
-The Hindu Business Line It should apply to long-term rather than short-term loans, to prevent funds misuse and promote capital formation The Budget 2016-17 witnessed an increase of Rs. 2,000 crore in the allocation towards interest subsidy for short-term credit (i.e. crop loan) to farmers, compared with the revised estimate for 2015-16, thereby making a total provision of Rs. 15,000 crore towards interest subsidy. In fact, of the total allocation of Rs. 35,984...
More »From Plate to Plough: Drop by careful drop -Ashok Gulati
-The Indian Express Convert crisis into opportunity: Shift from supply side augmentation to demand side management. Scattered “mango rains” have brought a little respite from scorching heat in certain places. Earlier, IMD’s forecast of above normal monsoon rains had given some hope for forthcoming acche din. Yet, a sizeable part of India is still smouldering under the grip of a drought. Bundelkhand and Marathwada are just samples, but in reality more...
More »The indirect benefits transfer -Jayati Ghosh
-The Hindu India’s record in collecting taxes has been pathetic, and it is getting worse. The declining rates of direct taxation are an indication of the political choices of the government We now have a peculiar combination in the economic policy of India: a declared attempt at fiscal consolidation, combined with a reluctance to do what it takes to raise tax revenues. This unfortunate juxtaposition has meant a squeeze on Central government...
More »Poll-bound states report surge in MGNREGA job numbers -Shalini Nair and Harish Damodaran
-The Financial Express West Bengal, Assam and Tamil Nadu — states that are currently in assembly elections mode — have registered huge spurt in job numbers under the Mahatma Gandhi National Rural Employment Generation Act (MGNREGA). West Bengal, where the Trinamool Congress under Mamata Banerjee is fighting to retain power, saw a record 28.66 crore person-days of employment being generated under MGNREGA during the year ended March 31, 2016. This represented a...
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