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Excise duty relief on petrol, diesel to cost ₹45,000 cr to exchequer: Nomura

-PTI/ Livemint.com Nomura expects India's fiscal deficit to come at 6.5 per cent as against the earlier expectation of 6.2 per cent and underlined that it will still be lower than the Budgeted 6.8 per cent target The excise duty cuts on diesel and petrol will cost ₹45,000 crore and lead to a 0.3 percentage point widening on the Centre's fiscal deficit, a foreign brokerage said on Thursday. Going by the overall consumption,...

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Misleading’ Statement Puts Centre’s Commitment Towards MGNREGA in Question -Ronak Chhabra

-Newsclick.in On Saturday, the Ministry of Rural Development denied that the rural jobs scheme was facing a shortage of funds. Its response, however, “leaves many questions unanswered,” according to civil society members. Activists have questioned the Centre’s response to media reports on the shortage of available funds for the rural employment guarantee scheme in the current financial year, by alleging that it is “misleading” and that it leaves many raised questions “unanswered.” Last...

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As schools re-open, address language & mathematics competences at different grades, adopting a socio-emotional development approach, suggests NCEE

-Press release by National Coalition on the Education Emergency dated 2nd November, 2021 * India’s 250 million children returning to school after 18 months of school closures and devastating learning loss * The NCEE warns that re-opening schools cannot be “return to school” as normal, and lack of a comprehensive approach will deepen the existing education inequality * Education recovery efforts require a multi-year, radically new approach, NCEE says NEW DELHI: The overwhelming majority...

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Drying up of MGNREGA allocation will shrink the rural economy further -Dibyendu Chaudhuri and Parijat Ghosh

-Down to Earth The focus of MGNREGA has, over time, shifted from employment creation to asset creation  The funds allocated in the Union Budget 2021-22 for implementing schemes under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) were exhausted within the first half of this financial year. The Budgetary provision for 2021-22 was Rs 73,000 crore, of which Rs 79,810 crore has been spent. Many workers didn’t get paid; it may take...

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Almost 90% of total allocated funds for MGNREGA in 2021-22 have been utilised, shows tracker prepared by PAEG

-MGNREGA National Tracker (1 April-30 September 2021) by Peoples' Action for Employment Guarantee (PAEG), released on 29th October 2021 Highlights of the Tracker: • The total Budget allocation for NREGA is 34 percent less than the revised Budget for the previous year. • Remaining Funds Can Cover At Most 13 Days of Employment per Household till March 31, 2022. • Pending liabilities from previous years amount to 17,180 crores, 23.53 percent of the total...

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