Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
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The bad news from state budgets -Ishan Bakshi
-The Indian Express States have spent less in this year, may focus on fiscal consolidation in the year to come. This belies hopes of a public-spending-led recovery. Over the past few weeks, several state governments have presented their budgets for the financial year 2021-22. These budgets shed light not only on how state finances have fared during the current year (2020-21) but equally critically, detail the expenditure stance of these governments during...
More »Parliament proceedings: Severe fund crunch likely to delay free breakfast scheme -Priscilla Jebaraj
-The Hindu Parliamentary panel pushes for it in all government schools in coming academic year The Parliamentary Standing Committee on Education has recommended that all government schools start providing free breakfast in the coming academic year, as part of an expansion of the mid-day meal scheme envisaged by the National Education Policy. However, Education Ministry officials say a severe funding crunch is likely to delay the initiative. Free breakfasts would involve an additional...
More »Centre Wants CAG To Delete Paras Regarding Losses Due To Improper Utilisation of Adani Silo -Dheeraj Mishra
-TheWire.in In 2018, the CAG reported that between 2013-14 and 2015-16, the Food Corporation of India did not store enough wheat in the Adani Group's silo in Kaithal, Haryana but kept paying rent. New Delhi: The Comptroller and Auditor General (CAG) of India in April 2018 reprimanded the Food Corporation of India (FCI) for causing a loss of Rs 6.49 crore to the taxpayers due to the failure to utilise available storage...
More »CAGed? Top audit body's reports on Centre's money management down by 75 percent
-The New Indian Express The total number of CAG reports relating to central government ministries and departments came down from 55 in 2015 to just 14 in 2020, a fall of nearly 75%. NEW DELHI: The number of reports brought out by the country’s top audit body, the Comptroller and Auditor General of India, has come down sharply in the past five years, raising concerns that the government’s financial accountability is not...
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