-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...
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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...
More »Job scheme target cut belies hopes -Basant Kumar Mohanty
-The Telegraph New Delhi: Projected work under the rural job guarantee scheme for 2016-17 is down 10 per cent after a rare boost in the last financial year, suggesting a tightening of the purse strings following a year of heavy expenditure on the programme. The rural development ministry has approved the generation of 217 crore person-days of work under the Mahatma Gandhi National Rural Employment Guarantee Act, following last year's approval for...
More »At The Margins -Lola Nayar
-Outlook Is the devolution of national funds to states really worth the praise? * Share of the states in the divisible pool of central taxes has risen from 32% to 42% for five years till 2019-20 * Rise in untied funds transferred is accompanied by cut in Central assistance for state plan spending * Limited ability of the poorer states to expand their fiscal space with own revenue collection * Funds for rural development...
More »MGNREGA will not suffer due to arrears of last fiscal, clarifies government
-The Times of India NEW DELHI: The government has rubbished media reports that performance of Mahatma Gandhi National Rural Employment Guarantee programme in the current fiscal year will suffer due to arrears of wages of over Rs 8000 crore in 2015-16. Stating that certain facts in the reports have been highlighted without appreciating the larger picture, the government has clarified that is committed to ensure flow of adequate resources to the programme...
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