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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...

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CEA Subramanian asks NSC to make junked consumer spending report public -Somesh Jha

-Business Standard The findings of the report, published by Business Standard in November 2019, showed consumer spending falling for the first time in over four decades in 2017-18. Chief economic advisor (CEA) Krishnamurthy Subramanian has asked the National Statistical Commission (NSC) to make public the 2017-18 consumer spending survey data. “The government had decided to not release the consumer expenditure survey report. But, earlier this year, NSC Chairman Bimal Kumar Roy received a...

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Bihar: After NHRC, HC prod, work begins to bring meals to kids -Dipankar Ghose

-The Indian Express The order came even as the Patna High Court and the National Human Rights Commission (NHRC) took suo motu cognisance of The Indian Express report. Bhagalpur: IN THE STAFF room of the Primary School in Shahabad, Principal Devendra Kumar Singh and teacher Juhi Kumari squinted into the smartphone to read the latest state government order on mid-day meals. Parents of at least three children from Badbilla who study in...

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The pandemic is about eyes shut -Rajendran Narayanan

-The Hindu There is a resonance between Saramago’s literary world and the migrant labour distress in contemporary India The novel, Blindness, by Portuguese Nobel Laureate José Saramago, is strikingly prescient about a sweeping illness. The plot revolves around a mysterious epidemic because of which people suddenly turn blind. The thread It starts with a person driving his car who turns blind while waiting at a traffic signal. He pleads to be taken home and...

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Dr. Himanshu. associate professor at JNU and a visiting fellow at Centre de Sciences Humaines, interviewed by Shreehari Paliath (IndiaSpend.com)

-IndiaSpend.com Bengaluru: As India deals with growing numbers of COVID-19 cases and the economic ramifications of the resultant lockdowns, the Bharatiya Janata Party-led government has made a slew of announcements and promulgated ordinances to revive the economy, including the agriculture sector. It brought in the Farmers’ Produce Trade and Commerce (Promotion & Facilitation) Ordinance 2020, Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance 2020, and amended the...

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