-TheWire.in While the revenue deficit is estimated to increase in the Union Budget in comparison to the interim one, the fiscal deficit shows a decline thanks to the increase in capital receipts especially THRough disinvestment. A comparison between the Interim Budget (IB) presented on February 1, 2019, and the full Union Budget (FB) presented before parliament on July for the current fiscal year (2019-20) THRows up some intriguing questions. While most commentators have...
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CAG demonstrates how govt relies on off-budget resources to fund deficit - Dinesh Narayanan
-The Economic Times India’s deficit numbers have come under lens as the govt is increasingly depending on off-budget borrowings. The Comptroller and Auditor General (CAG) has said that the central government’s key deficit figures may be considerably higher than those stated in the union budget. In a presentation to the 15th Finance Commission (FFC) on July 8, THRee days after the July 5 budget, CAG has asked whether the extra-budgetary resources accounted for...
More »Migrants aren't streaming into cities, and what this means for urban India -Gregory Randolph and Sahil Gandhi
-Hindustan Times If Indian cities have become successful in turning away migrants, we should see that as the first sign of their demise, not their dynamism. “Stop migration into cities.” These were the words of finance minister Nirmala Sitharaman during last week’s budget speech, even as she — confusingly — called urbanization an “opportunity rather than a challenge.” A call to stop rural-urban migration should alarm, but not surprise us. The FM’s statement...
More »Lok Sabha passes Bill amending RTI Act amidst strong objection from Opposition
-The Hindu Opposition accuses the government of trying to dilute the effectiveness of the law New Delhi: The Lok Sabha on Monday passed the Right to Information (Amendment) Bill, 2019 THRee days after it was introduced. It seeks to amend the landmark transparency law and bring in changes involving the salaries and tenures of Information Commissioners (ICs) at the States and Centre. As per the amendment ICs — who currently have five-year tenures...
More »Six reasons why the Economic Survey's presentation of MGNREGA is misleading -Rajendran Narayanan & Rakshita Swamy
-The Hindu The Economic Survey presents an unbalanced view of the technical interventions in MGNREGA A chapter in the recent Economic Survey on the “transformational” impact of Aadhaar on the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) merits scrutiny. It presents a skewed and unbalanced view of the programme’s technical interventions instead of taking a comprehensive view of the implementation. The Survey draws heavily from the Indian School of Business’s working...
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