Accountability Initiative, Centre for Policy Research At the start of the Financial Year (FY) 2022-23, GoI allocated the highest Budget for Samagra Shiksha since its inception at Rs. 37,383 crore Budget Estimates (BEs). This was 25 percent higher than the Revised Estimates (REs) for FY 2021-22. An additional Rs. 447 crore was sought through the supplementary Budget in December 2022, bringing the revised allocations to Rs. 37,831 crore. The pace of GoI...
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Economic Survey 2022-23 Highlights inflation risks and Rupee depreciation pressure on Indian Economy
The Economic Survey 2022-23, released today, has flagged threats to the Indian economy, even as it forecasts a GDP growth rate of 6.5% for the next fiscal year. The survey has said that the challenge of the Indian rupee depreciating remains. "However, the challenge of the depreciating rupee, although better performing than most other currencies, persists with the likelihood of further increases in policy rates by the US Fed". What...
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...
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: Food Subsidy in FY 2022-23 lower by 28%, 12.3 crore excluded - Jenny Susan John, Avani Kapur, Ria Kasliwal
Accountability Initiative, Centre for Policy Research Budget 2023-24 will be unveiled on February 1. As part of laying the context this brief, prepared by the Accountability Initiative, examines the allocation and expenditure trends for India's food subsidy. At the start of the current Financial Year (FY) 2022-23, Government of India allocations for Food Subsidy stood at Rs. 2,06,831 crore, which was 28 percent lower than the previous year's Revised Estimates (REs)....
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