-The Indian Express At the projected economic cost of Rs 29.94/kg for wheat and Rs 42.94/kg for rice, the corresponding per-kg PDS consumer subsidy in the coming fiscal would work out to Rs 27.94 and Rs 39.94, respectively. The Food Corporation of India’s (FCI) “economic cost” of wheat sold through the public distribution system (PDS) is budgeted to go up to Rs 29.94 per kg and that of rice to Rs 42.94...
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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 »The Enormous Extra Spend In Budget Is An Illusion -Aunindyo Chakravarty
-NDTV blog Nirmala Sitharaman said: "We have spent, we have spent and we have spent." She had every reason to claim that, since the budget numbers show that the centre spent ₹ 4.1 lakh crore, or 13 percent above what it had planned for last year. Additional spending will continue this year: expenditure is estimated to go up by 14.5 percent in 2021-2022 compared to last year, even though the government's...
More »GV Ramanjaneyulu, executive director of the Centre for Sustainable Agriculture, interviewed by Tushar Dhara (CaravanMagazine.in)
-CaravanMagazine.in For over a month, lakhs of farmers from Punjab and Haryana have been camped on Delhi’s borders in one of the largest agrarian protests in India’s history, while talks with the government on withdrawing three farm laws that deregulate the sector persist. At the other end of the country, over the past six years, the agrarian system in Telangana has seen major systemic shifts, after the formation of the state...
More »Food security? 15 lakh people of Gujarat's 10 backward districts 'taken off' subsidy list -Pankti Jog
-Counterview.net If a reply received under the Right to Information (RTI) Act is to be believed, a whopping 3.96 lakh ration cards have been deleted from the National Food Security Act (NFSA) benefit in Gujarat. This comes to over 15 lakh people, all of them belonging to tribal and backwards areas. They have been thrown out of the subsided ration cover despite the current Covid situation. As per NFSA, passed in 2013...
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