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Funds for education of SCs, STs slashed in Budget, say rights groups

-The Indian Express It pointed out that fellowships and scholarships for PhD and post-doctoral courses have constantly declined since 2014-15 - from Rs 602 crore to Rs 283 crore in 2019-20 for SC students and from Rs 439 crore to Rs 135 crore for ST students. New Delhi: The funding for secondary and higher education of Scheduled Caste (SC) and Scheduled Tribes (ST) students has received a setback in the Union...

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With little allocation for agriculture, budget sends a worrying signal -Ashok Gulati

-The Indian Express One notable thing was the absence of emphasis on doubling farmers’ real incomes by 2022. Perhaps the reality that this is an uphill task has dawned on the government — it may not achieve even half the target. In her first budget speech, Finance Minister Nirmala Sitharaman reminded us of the famous quote from M K Gandhi, that the “soul of India lives in villages”. She also said...

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Budget 2019 Sorely Lacks a Coherent Vision for Long-Term Growth -MK Venu

-TheWire.in While Nirmala Sitharaman's maiden budget hit all the right political notes, its fiscal math is far fuzzier. The first budget of the Narendra Modi government 2.0 is very high on political rhetoric around empowering the poorest in ‘New India’, but does not have a clear road map of how a fully-funded welfare state will be sustained without a robust revival in growth, based on the twin engines of investment and consumption...

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India GDP overestimation: more evidence -Nikita Kwatra

-Livemint.com India’s actual growth rate over the past few years may have been in the range of 5-5.5% over the past few years, according to a new study Last month, a research paper by the former chief economic adviser to the finance ministry, Arvind Subramanian, reignited the controversy surrounding India’s GDP calculations. In his paper, Subramanian suggested that India’s growth rate in recent years had been grossly overestimated --- a claim that...

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NPAs Under Modi's Mudra Scheme Doubled in Just a Year, Reveals RTI -Dheeraj Mishra

-TheWire.in Public sector NPAs of loans issued under the scheme have increased by Rs 9,204.14 crore in just one year – from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019. New Delhi: The non-performing assets (NPAs) under Prime Minister Narendra Modi’s ambitious Pradhan Mantri Mudra Yojana (PMMY) doubled within one year. This information was obtained through an RTI petition filed by The Wire. In a written reply to...

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