-GaonConnection.com The central government has recently announced Rs 100 per child under the mid-day meal scheme to meet the nutritional needs of children in the pandemic. But, activists say this amount is insufficient and there is a need to resume cooked meal services universally with better quality. The central government has announced Rs 1,200 crore [Rs 12,000 million] to be given to 118 million children across the country who are enrolled under...
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Tracking the pandemic’s rural march -Himanshu
-The Hindu States, especially in the north, are facing the brunt of the second wave, made worse by their poor health infrastructure When the first wave of the novel coronavirus pandemic hit the country, the central government imposed the strictest lockdown for almost two months. For most of the migrants stuck in urban areas without incomes, jobs and food to survive, the only escape was to walk back to the rural areas...
More »Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22
In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the 15th Finance Commission Main Report for 2021-26. But first, let us discuss 'fertilizer subsidy'. The budget documents for Union Budget 2021-22 show that the spending on ‘fertilizer subsidy’ was slashed from Rs. 1,33,947 crore in 2020-21 (revised estimate) to Rs. 79,530 crore in 2021-22 (budget estimate). However, the budgetary...
More »The peculiar rise of protein inflation -Sayantan Bera
-Livemint.com * The supply chain disruption in poultry continues, further hurting the nutritional standards of poorer households * The current steep prices of items that make up the retail food basket—be it eggs, pulses or vegetables—is evidently taking a toll on millions of Indian households NEW DELHI: Banks should not advance large loans to farmers, least of all to those in the poultry business, an exasperated Ramesh Mehla said over the phone. He...
More »Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
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