-Business Standard This is a move that has been hailed by economists and policy-watchers as it makes budgeting a more transparent process Union Finance Minister Nirmala Sitharaman, in this year’s Budget speech, had said that she would discontinue extra-budgetary resources (EBR) funding for the Food Corporation of India, in a continued bid to clean up the central government’s balance sheet and end below-the-line accounting. As a result, the EBR provision for 2021-22...
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MSMEs hit by Raw Materials’ Price Rise, Entrepreneurs Down Shutters in Protest -Neelambaran A
-Newsclick.in After facing severe setbacks due to demonetisation, hasty implementation of GST, and the ill-conceived COVID-19 lockdown, the MSMEs are gasping due to a steep rise in raw material prices. In a first, the entrepreneurs of the micro medium and small enterprises (MSME) went on a one-day strike across the country on Monday. Affected severely by the policies of the Union Government, the ill-planned lockdown in March 2020, and now by the...
More »As Uttar Pradesh Heads to Polls, How Does the Yogi Govt's Economic Performance Hold Up? -Santosh Mehrotra
-TheWire.in Employment trends are dismal under the 'double engine government' of Modi and Adityanath. Several claims made in ads do not appear to hold up. Uttar Pradesh’s per capita income was barely half (Rs 41,023) of India’s average (Rs 86,659) in 2019-20. The per capita income of UP (at 2011-12 prices) is ranked 32 out of 36 states and Union Territories. That the state’s economy has been one of the poorly performing...
More »Centre's Opaque Auction Rules for Pulses Helped Millers Profit at Expense of Government -Shreegireesh Jalihal and Nitin Sethi
-TheWire.in The auctions let millers earn a bloated revenue of at least Rs 4,600 crore in four years from milling over 5.4 lakh tonnes of raw pulses, hammering government coffers and possibly the quality of daal, show documents. New Delhi: The Narendra Modi government allowed millers to fatten themselves on tonnes of pulses meant for the poor by turning an auction procedure on its head. The Reporters’ Collective’s examination of auction archives shows...
More »MNREGA funds allocation: Honouring the work-on-demand guarantee -Ashwini Kulkarni
-IdeasforIndia.com The Centre has sought an additional Rs. 25,000 crore as funding for MNREGA (Mahatma Gandhi National Rural Employment Guarantee Act). Based on simple calculations using official data, Ashwini Kulkarni contends that the actual fund requirement is in fact much higher. As the pandemic continues to adversely impact rural livelihoods, the government should allocate sufficient funds to MNREGA, in order to honour the work-on-demand guarantee. For over a month, national and local...
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