-The Indian Express UP mills have, in the current 2019-20 sugar season (October-September) as of May 8, crushed 10,565.49 lakh quintals of cane and produced 120.01 lakh tonnes (lt) of sugar. With cane payment arrears to farmers crossing Rs 14,200 crore, sugar mills in Uttar Pradesh have sought a cash subsidy bailout from the state government to enable them to discharge their outstanding dues. “In this hour of deep crisis, we look upon...
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An SOS from Bharat's poorest citizens -Sayantan Bera
-Livemint.com * The budget barely increased funding to social welfare schemes at a time India’s poorest desperately need succour * At the beginning of every financial year, social schemes start with arrears, leading to delayed payments. To break this vicious cycle, funding needs to be increased MUZAFFARPUR (BIHAR): "Dena hi padega BDO, dena hi padega Har haath ko kaam aapko, dena hi padega." (You have to, oh BDO, you have to You have to give work...
More »Civil society presses for an increase in budgetary allocation for MGNREGA in FY 2020-21
-Press release by NREGA Sangharsh Morcha dated 27 January, 2020 As the Indian economy continues to languish, the government ignores the advice given by several noted economists, including that of the most recent Nobel winner Abhijit Banerjee, to improve the functioning of the National Rural Employment Guarantee Act (NREGA). The economy is facing blow after blow. India has the highest rates of unemployment in the past 45 years and food inflation...
More »CAG demonstrates how govt relies on off-budget resources to fund deficit - Dinesh Narayanan
-The Economic Times India’s deficit numbers have come under lens as the govt is increasingly depending on off-budget borrowings. The Comptroller and Auditor General (CAG) has said that the central government’s key deficit figures may be considerably higher than those stated in the union budget. In a presentation to the 15th Finance Commission (FFC) on July 8, three days after the July 5 budget, CAG has asked whether the extra-budgetary resources accounted for...
More »Sugarcane dues: A Maha-Glut problem -Parthasarathi Biswas
-The Indian Express While the Devendra Fadnavis government in Maharashtra can claim satisfaction for doing everything possible to ensure payment by mills — and before state polls, hardly three months away — that sentiment isn’t really echoed on the ground. Pune: Maharashtra’s Assembly elections are due in October, which is also when the next 2019-20 sugar season takes off. “The current unpaid dues to our cane growers will be cleared well...
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