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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Budget Briefs: Samagra Shiksha got 25% more, but only 51% of allocation utilized - Mridusmita Bordoloi, Avani Kapur, Sidharth Santhosh
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...
More »What data told us about India in 2022 - Akshi Chawla
DeCEDA/Qrius 2022 was a milestone year for India. India walked into 2022 with an infectious wave of COVID-19 impacting lakhs of people, the wave receded a few weeks into the year. As hopes for a post-pandemic recovery surged, war in Ukraine brought in new challenges for the economy. With supply chains disrupted, global sanctions imposed on Russia, prices of fuel and food shot up. Inflation, already on a high from pent-up...
More »Indian banks gave more home loans than agricultural credit
In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
More »A peek into the Modi government's (likely) budget 2023 - CNES Infosphere
- Deepanshu Mohan, Soumya Marri, Bilquis Calcuttawala, Malhaar Kasodekar, Aniruddh Bhaskaran and Hemang Sharma A pre-budget deep dive by the Centre for New Economic Studies (CNES) Infosphere team has come up with some interesting takeaways. The analysis has looked at past macroeconomic and budget trends to set the tone for Budget 2023-24. They do this by looking at capital and revenue expenditure, sectoral analysis of budget expenditure and a scheme-wise allocation...
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