-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...
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Questions on MGNREGA budget estimation -Laavanya Tamang and Anuj Goyal
-The Hindu How the Centre’s approach has eroded the very premise of MGNREGA The disappointing allocation for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in the FY 2022-23 budget has created a buzz. Organisations such as the All India Kisan Sabha and NREGA Sangharsh Morcha (NSM) have raised concerns about the inadequacy of the amount. Grassroots activists and academics have been demanding higher budgetary allocations for MGNREGA; yet, the...
More »What will be India’s GDP in 2022-’23? The government and RBI have given three answers in 11 days -Rajrishi Singhal
-Scroll.in/ Qz.com While the economic survey and Budget estimate the growth in the coming fiscal year to be 8%-8.5% and 6.6% respectively, RBI forecasts it to be 7.8%. Indians have enjoyed an ever-expanding array of choices for consumer goods over the past couple of decades. In this season of cheer and goodwill, they now have the pleasure of even selecting a version of India’s growth perspectives, depending on the risks playing out. Three...
More »Sanjeev Sanyal, principal economic advisor, interviewed by Kamalika Ghosh (OutlookIndia.com)
-OutlookIndia.com The principal economic advisor is confident of achieving GDP growth promised by finance minister Nirmala Sitharaman in the budget but is also cautious that some external factors can derail the projections Automobiles and two-wheelers are seeing muted sales not because of a low-demand situation afflicting the sector, but because there is a supply-side issue about chips, principal economic advisor to the government Sanjeev Sanyal told Outlook Business. He also said that...
More »MGNREGA, food subsidy cut will hit Schedule Tribes worst, says tribal group
-The Hindu Govt. cheating tribal communities, says Adivasi Adhikar Rashtriya Manch A tribal rights advocacy group has rued that budgetary cuts on food subsidy and MNREGA will hurt tribal communities the worst. "Tribal communities have the highest numbers of those malnourished, particularly children and women. Cuts in food subsidies will be disastrous and lead to direct intensification of hunger," said Adivasi Adhikar Rashtriya Manch (AARM) in a press statement. They also say that tribal...
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