Wheat prices have stayed stubborny high in India, despite several steps by the government including an export ban and announcing open market prices. - Mint Official figures show that daily retail wheat flour (atta) prices as on 1 February were 22% higher year on year, while wholesale prices were 31% higher. Wheat prices have been inching up through 2022 after a heat wave cut production and pushed the government to ban exports...
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Budget 2023-24: NREGA, Food Subsidy, Mid day meal allocations cut drastically
The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), National Food Security Act (NFSA) are schemes whose allocations have been cut drastically in Budget 2023-24, while the Mid-Day Meals budget has also seen a sharp drop. An analysis by the Accountability Initiative (AI) at the Centre for Policy Research reveals that in the case of NREGA and NFSA, the reduction has been over 30 percent! The budget for Mid-Day meals...
More »Budget Briefs: Food Subsidy in FY 2022-23 lower by 28%, 12.3 crore excluded - Jenny Susan John, Avani Kapur, Ria Kasliwal
Accountability Initiative, Centre for Policy Research Budget 2023-24 will be unveiled on February 1. As part of laying the context this brief, prepared by the Accountability Initiative, examines the allocation and expenditure trends for India's food subsidy. At the start of the current Financial Year (FY) 2022-23, Government of India allocations for Food Subsidy stood at Rs. 2,06,831 crore, which was 28 percent lower than the previous year's Revised Estimates (REs)....
More »What data told us about India in 2022 - Akshi Chawla
DeCEDA/Qrius 2022 was a milestone year for India. India walked into 2022 with an infectious wave of Covid-19 impacting lakhs of people, the wave receded a few weeks into the year. As hopes for a post-pandemic recovery surged, war in Ukraine brought in new challenges for the economy. With supply chains disrupted, global sanctions imposed on Russia, prices of fuel and food shot up. Inflation, already on a high from pent-up...
More »Indian banks gave more home loans than agricultural credit
In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
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