-The Indian Express Government’s claim that structural changes to the economy are paying off, and that is being used to give back to the people, is problematic. The Interim Union Budget 2019 is no less than a full budget with changes in taxation and announcement of lucrative schemes for various sections of the population. The recent losses in three major assembly elections rang alarm bells for the ruling dispensation. With the...
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The solution is universal -Rajendran Narayanan & Debmalya Nandy
-The Hindu Strengthening the MGNREGA would be more prudent than a targeted cash transfer plan like PM-KISAN Rural distress has hit unprecedented levels. According to news reports, unemployment is the highest in 45 years. To allay some misgivings of the distress, one of the announcements in the Budget speech was that “vulnerable landholding farmer families, having cultivable land up to 2 hectares, will be provided direct Income Support at the rate of...
More »RBI raises limit for collateral-free agri loans to Rs.1.6 lakh from Rs.1 lakh
-The Hindu Business Line In the wake of the government announcing direct Income Support of ?6,000 per year for small and marginal farmers in the interim Budget on February 1, the Reserve Bank of India, on Thursday, raised the limit for collateral-free agriculture loans to Rs.1.6 lakh from Rs.1 lakh. The central bank said the increased limit will enhance coverage of small and marginal farmers in the formal credit system. The circular...
More »How useful will farmer support be? -Sanjiv Phansalkar
-VillageSquare.in It will not be easy to optimally deploy the basic Income Support announced by the government for small and marginal farmers. The scheme has large exclusions in the landless and the women as well India has taken the first step in providing basic Income Support to small and marginal farmers owning up to 2 hectares of land. This is to be a direct benefit transfer (DBT) of an annual Rs 6,000...
More »Numbers That Count: An Assessment of the Union Budgets of NDA II -CBGA
-Centre for Budget and Governance Accountability (CBGA) The Interim Union Budget 2019-20, the last budget presented by the incumbent government, comes at a time when the economy is beset with myriad problems. Among the various challenges facing the economy, perhaps the most critical are those related to the acute agrarian distress, burgeoning unemployment and slowing down of the economy. While it is true that many of these problems began prior to...
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