Financial Express India's gross domestic product in the October-December, 2022 quarter is estimated to have grown at 4.4 percent year-on-year, slowing down from the previous two quarters, and a tad slower than expected, mainly as manufacturing activity took a hit, and favourable base faded away, government data showed on Tuesday. India’s GDP at constant prices in Q3 of FY 2022-23 is estimated at Rs 40.19 lakh crore, the Ministry of Statistics...
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The number of Micro, Small, Medium enterprises that closed in 2022-23 was 6000% greater than two years ago - Parliamentary Question
Rajya Sabha 10,655 micro, small and medium enterprises (MSMEs) closed in 2022-23. That is a 6,088% increase over the number in 2021-22, with 175 closures. The data was revealed by the Ministry of Micro, Small and Medium Enterprises, Government of India as part of the response to a Parliamentary Question asked in the Rajya Sabha. The data was compiled from the Udyam registration portal, the Ministry's online portal for registrations and...
More »Budget 2023-24: NREGA, Food Subsidy, Mid day meal allocations cut drastically
The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), National Food Security Act (NFSA) are schemes whose allocations have been cut drastically in Budget 2023-24, while the Mid-Day Meals budget has also seen a sharp drop. An analysis by the Accountability Initiative (AI) at the Centre for Policy Research reveals that in the case of NREGA and NFSA, the reduction has been over 30 percent! The budget for Mid-Day meals...
More »Budget Briefs: FY 2022-23 PM Awas allocation doubled, 77% houses completed - Neeha Susan Jacob, Anwesha Mallick, Avani Kapur
Accountability Initiative, Centre for Policy Research In Financial Year (FY) 2022-23, Government of India (GoI) allocated Rs 20,000 crore Budget Estimates (BEs) for the PM Awaas Yojana - Gramin, slightly lesser than the previous year’s Revised Estimates (REs). With an additional amount of Rs. 28,422 crore allocated as supplementary budget in December 2022, revised allocations stand at Rs 48,422 crore. This is more than double the previous year’s REs. In the first...
More »Budget Briefs: FY 2022-23 MGNREGS allocation 9% lower, expenditure outstrips funds - Ria Kasliwal, Mridusmita Bordoloi, Avani Kapur
Accountability Initiative, Centre for Policy Research Budget 2023-24 will be unveiled on February 1. This brief examines the Government of India’s flagship rural employment programme. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). It was launched in 2006 and is the largest scheme of the Department of Rural Development (DoRD) under the Ministry of Rural Development (MoRD). It aims to provide 100 days of guaranteed wage employment to every rural...
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