-NDTV blog If you had invested all your savings in the stock market at the end of March last year, by now, you would have almost doubled your money. But in the same period, India's GDP in today's prices would have slid by at least 9-10 percent. Anyone who looks at this divergence will say that the markets have completely 'decoupled' from the economy. Conventional wisdom tells us that this is a...
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MGNREGA allocation for 2021-22 is inadequate, states People’s Action for Employment Guarantee
-Press note by People’s Action for Employment Guarantee (PAEG) dated 10th February, 2021 In its press note dated 10th February, 2021, People’s Action for Employment Guarantee has noted that the Union Budget 2021-22 largely failed to address the challenge of increasing inequality and declining welfare during the pandemic. For the FY 2021-22, Rs. 73,000 crore has been allocated, which although greater than the original allocation of Rs.61,500 crore for 2020-21, is 34.5...
More »An ecologically illiterate Budget -Ashish Kothari
-The Hindu On several significant items relating to the environment, allocations have remained stagnant or fallen In 1991, when the then Finance Minister Manmohan Singh ushered in economic reforms that catapulted India into the global economy, I had asked him how he intended to balance rapid economic growth with environmental protection. He said that the experience of the West is that once there is enough money in the economy through growth, it...
More »Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22
In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the 15th Finance Commission Main Report for 2021-26. But first, let us discuss 'fertilizer subsidy'. The budget documents for Union Budget 2021-22 show that the spending on ‘fertilizer subsidy’ was slashed from Rs. 1,33,947 crore in 2020-21 (revised estimate) to Rs. 79,530 crore in 2021-22 (budget estimate). However, the budgetary...
More »Record 95.38% of registered farmers in Chhattisgarh sold paddy on MSP in Kharif 2020-21
-IndiaToday.in Numbers of farmers selling paddy on MSP, total registered acreage and the quantity of paddy sold this year is the highest in last 20 years. More than 92 lakh metric tonnes of paddy procured in 2020-21 in Chhattisgarh. A record number of 95.38 per cent of total registered farmers have sold paddy in Chhattisgarh in Kharif marketing year 2020-21, thanks to farmer-friendly policies implemented in Chhattisgarh under the leadership of Chief...
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