-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...
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Wake up, smell the leakage -Ashok Gulati & Prerna Terway
-The Indian Express Substantial number of interest subvention scheme loans are diverted to non-agricultural uses. Government must switch to an income-support subsidy regime The Union budget for 2016-17 has provisioned Rs 15,000 crore on account of interest subvention for short-term agricultural credit, up by Rs 2,000 crore over the revised estimate for FY16. The mere shifting of this line item from the department of financial services to the department of agriculture...
More »MNREGA labour budget cut by 220 million person-days -Nitin Sethi
-Business Standard 2,170 million person-days planned for FY17, compared with 2,391 million person-days last year At a time when nearly half of India's 676 districts are grappling with a second consecutive year of drought, the government expects a decline in the demand for work under the flagship Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in 2016-17. The estimated number of days when people in rural India will be offered work under MGNREGS...
More »Centre to start work on Kharif 2016 strategy next week
-The Hindu Business Line New Delhi: The Centre will work out a strategy for crop production for the coming kharif cropping season keeping in mind the recent crop damage due to unseasonal rain and moisture stress and deficit monsoon last year. The strategy will be thrashed out at a national conference on kharif 2016 next week. The kharif cropping season is from July to October during the South-West monsoon. “The South-West monsoon of the...
More »Labour Ministry plans Rs.10,000 minimum monthly wage for contract workers -Somesh Jha
-The Hindu Of the 3.6 crore contract workers about 32 % are employed by contractors in the public sector. The Labour Ministry has proposed a minimum monthly income of Rs.10,000 for contract workers, evoking strong reactions from the industry. The move will drastically increase the minimum wages of contract labourers from around Rs.6,000 per month that is paid to them in a few sectors at present. According to the plan the employers will...
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