-The Hindu Allocation for existing scheme slashed The Centre has allocated Rs.500 crore for a new pension scheme for workers in the unorganised sector, even while reducing its allocation for an existing pension scheme by Rs.775 crore. The new scheme, to be called the Pradhan Mantri Shram-Yogi Maandhan, will benefit unorganised sector workers who have a monthly income up to Rs.15,000. It will provide them a monthly pension of ?3,000 from the age...
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Budget Allocation for agrarian welfare is utter betrayal to farmers: Kisan Sabha -Pratyaksh Srivastava
-The Indian Express "It was felt that the BJP's defeat in the recent state elections might force it to take some concrete steps in the budget on these issues. Sadly, it hasn't happened and has disappointed farmers again," said Ajit Nawale, Maharashtra general secretary of All India Kisan Sabha (AIKS). New Delhi: Criticising the central government’s cash dole of Rs 6,000 per year to small farmers, the All India Kisan Sabha...
More »Interim Budget 2019: 'Gokul Mission funds have not been suitably utilised at all' -Jitendra
-Down to Earth The scheme is just 'lip service' for the Modi government says official even as Piyush Goyal allocates Rs 750 crore to it Usually, the Union government’s Budget is allocated for all types of livestock and animal husbandry development purposes. On February 1, 2019, interim Minister of Finance Piyush Goyal eulogised cattle in his speech and allocated Rs 750 crore for them under the Rashtriya Gokul Mission (RGM). RGM is...
More »Modi Launches a Startling Pre-Election Budget, Massaged by Creative Accounting -Jayati Ghosh
-TheWire.in The aggregate macroeconomic impact of this Budget cannot really be assessed, since the actual fiscal stance is now so opaque. Let’s get one thing clear. This is not an interim Budget, whatever the government finally agreed to call it. The sweeping promises made on both expenditure and taxation fronts are well beyond the limited minor changes that are supposed to be allowed in a vote-on-account or interim Budget. For a government that...
More »Moving away from 1% -Soumitra Ghosh
-The Hindu Sluggish health spending can be reversed with a substantial increase in the allocation for health in the Union Budget India’s neighbours, in the past two decades, have made great strides on the development front. Sri Lanka, Bangladesh and Bhutan now have better health indicators than India, which has puzzled many. How could these countries make the great escape from the diseases of poverty earlier than their much bigger neighbour? India’s...
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