-Newsclick.in The budgetary allocation for health was only 2.1% of the total Budget Estimates for 2022-2023. New Delhi: A Parliamentary Standing Committee has raised concerns over “less priority” being accorded to the health sector in the Budget. The committee, headed by Samajwadi Party Rajya Sabha member Ram Gopal Yadav, noted that “the budgetary allocation for the ministry of health and family welfare accounts for 2.1% of the total BE 2022-23 (Budget Estimates...
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India’s new budget: much fanfare, missed opportunity -Happy Pant and Sarah Farooqui
-CBGA Blog India presented its latest Union Budget (for FY 2022 -23) in early February amid much hope, as the country is still reeling from the aftermath of Covid-19 pandemic, which has lasted for two years. To deal with the pandemic induced socio-economic crisis, countries across the world have been announcing policy measures outside of their annual budgets. The Indian government, too, made many such announcements, but given the scale of the...
More »Still unequal
-The Telegraph The Union Budget reveals glaring gaps in allocations for education Appearances can be deceptive. On the face of it, education has been allotted Rs 1,04,278 crore — a rise of Rs 11,054 crore from 2021-2022 — in this year’s budget. However, this still amounts to just above 3 per cent of the gross domestic product, falling far short of the 6 per cent public investment recommended by the National Education...
More »How Nameplate Changes, Sleight of Hand Helped the FM Assemble Budget 2022’s ‘Big Capex Boost’ -Subhash Chandra Garg
-TheWire.in What you lose on the wings, you gain on the roundabouts. With no other major growth investments or policy reforms in the budget, finance minister Nirmala Sitharaman made capital investment the lynchpin of the government’s growth strategy in Budget 2022. Stressing that “the virtuous cycle of investment requires public investment to crowd-in private investment” she took high moral ground to say that the “public investment must continue to take the lead and...
More »Indian Economy is in a Vicious Spiral; Only Way Out is by Empowering Working People -Prabhat Patnaik
-Newsclick.in India needs a larger government expenditure on transfers to the working people. For such larger expenditure, resources have to be raised through greatly increased taxation of the rich- a reversal of the perverse fiscal strategy the government has pursued so far. The Indian economy is currently caught in a vicious spiral of inflation, stagnation and a widening of the fiscal deficit. And this spiral is set to become even more vicious...
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