-Press release by Alliance for Sustainable & Holistic Agriculture (ASHA) dated 1st February, 2020 New Delhi, February 1st 2020: A thorough analysis of the Budget shows that even though the Budget speech spoke much about Agriculture and Rural sector and a 16-point program, the allocations for the Rural Economy were in fact slashed in this Budget compared to previous year. The Budget allocation for Agriculture, Allied sectors and Irrigation in 2020-21...
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The Budget's blurred social sector vision -Dipa Sinha
-The Hindu Low allocations and specific policy statements point to greater privatisation and withdrawal of the state Finance Minister Nirmala Sitharaman began her speech by saying that the Union Budget was “woven around three prominent themes” — aspirational India, economic development for all and building a caring society. Achieving any of these would require extraordinary efforts on the social sector front starting with allocating additional resources for health, education, nutrition, employment...
More »Budget work to start on October 14
-The Hindu Ministries asked to submit data and ensure correctness of figures The Finance Ministry will start its pre-Budget work from October 14 onwards, according to a circular it sent to all Ministries and Departments. The other Ministries will have to prepare and send their budgets, expenditure trends, and non-tax revenue estimates for 2020-21 by October 9 to the Finance Ministry. Following this, the Finance Ministry will hold separate meetings with all the...
More »Hardly the brick and mortar of a revival -Jayati Ghosh
-The Hindu The transfer of the RBI’s surplus is only a stopgap measure which will not address the key problem of a lack of demand There is no longer any room for doubt on the parlous state of the Indian economy. The automobile industry, seen as a bellwether of activity in the post-liberalisation years, is in crisis, as automakers, parts manufacturers and dealers have laid off about 350,000 workers since April this...
More »Explaining the Rise in Revenue Deficit Between Modi Govt's Interim and Full Budgets -Aneesha Chitgupi
-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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