-NDTV Three days after the Union Budget was presented, questions have surfaced over a nearly Rs. 2 lakh crore 'fiscal hole' in India's financial accounts. The anomaly was first picked up by Rathin Roy, a member of the Prime Minister's Economic Advisory Council. Writing in the Business Standard, he studied both the Economic Survey and the Budget and found that the revenue estimates for 2018-19, in other words how much the government...
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CSOs are unhappy with the way the Economic Survey 2018-19 & the Union Budget 2019-20 dealt with MGNREGA
-Press release by NREGA Sangharsh Morcha and Peoples' Action for Employment Guarantee (PAEG) dated 9 July, 2019 Even as many parts of the county suffer from drought, the new government at the centre has allocated a mere Rs 60,000 crores for the National Rural Employment Guarantee Act (NREGA) for the ongoing financial year. This is Rs 1,084 crore less than the revised budget estimate for 2018-19. Expenditure would have been much...
More »Jal Shakti ministry needs to make urgent course corrections for paradigm shift in water management -Mihir Shah
-The Indian Express The FM has rightly spoken of a “focus on integrated demand and supply side management of water at the local level, including source sustainability and management of household wastewater for reuse in agriculture”. India is not a water-short country. We have merely managed our plentiful water very poorly. What we need, therefore, is a paradigm shift in policy. Could the finance minister (FM) be said to have risen to...
More »Promises and Priorities - An Analysis of Union Budget (2019-20) -CBGA
-Centre for Budget and Governance Accountability (CBGA) Centre for Budget and Governance Accountability (CBGA) brings out a draft version of this publication within 24 hours of the presentation of Union Budget in Parliament every year. The objective of this publication is to facilitate an informed discussion on the Union Budget, particularly around social sectors, agriculture, employment and vulnerable sections of the population. 2019 being the general election year, our Parliament witnessed two...
More »More of the dismal same -Prabhat Patnaik
-The Indian Express The budget needed to break new ground, provide a thrust to a slowing economy. This budget lacks innovation. Economics has never been a strong point of the NDA government. Its only two major economic forays, demonetisation and the GST, have both turned out to be pretty disastrous. It was futile, therefore, to expect much from the Union Budget for 2019-20. Even so, one is surprised by the budget’s...
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