-Hindustan Times The chairman of the 15th Finance Commission, NK Singh, spoke to Zia Haq about the final report of the Commission for 2021-26 which has now been made public. Edited excerpts. The Constitution, through Article 280 to 281, provides for finance commissions every five years as a mechanism for sharing of taxes and revenues vertically between the Centre and states; and horizontally among all states, based on levels of development, demographic...
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A year on, mind the gaps in the pandemic response -JVR Prasada Rao and Amartya Chowdhury
-The Hindu India needs to revisit its disease control strategy to ensure a more robust and humane response in similar crises January 30, 2021 marked one year since India detected its first case of COVID-19 — a student in Kerala who had returned from Wuhan, China. Analysing the country’s response to the novel coronavirus pandemic so far reveals a mixed bag of successes and failures along with a host of unknowns looming ahead,...
More »Budget 2021-22: Over-reliance on infrastructure investment to spur growth? -Sarmistha Pal
-IdeasforIndia.in Commenting on the strong infrastructure push in the 2021-22 Budget, Sarmistha Pal argues that an emphasis on investment in infrastructure may not necessarily bring India out of the current economic recession – with the Budget’s negligence of the education sector and insufficient health expenditure, making matters worse. The 2021-22 Union Budget, announced on 1 February 2021, made a definitive turn to the right as it turned its back on providing any...
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 »TV Somanathan, Expenditure Secretary in the Ministry of Finance, interviewed by Vikas Dhoot (The Hindu)
-The Hindu Even with closures, capex exceeded plan, says Expenditure Secretary Expenditure Secretary T.V. Somanathan said the government has been very careful and realistic in its expenditure and receipts projections for 2021-22, and that its push for capital expenditure is the largest ever over a two-year period. Excerpts: * You have called it an expansionary budget, but overall spending is just about ₹33,000 crore in 2021-22 over this year’s revised estimates (RE). Also,...
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