-The Hindu The 15th Finance Commission, by and large, has gone with the approach and methodology of earlier Commissions The appointment of the Fifteenth Finance Commission by the President of India under Article 280 of the Constitution was notified on November 27, 2017. It was required to submit the report by October 30, 2019 for five years for the period 2020-21 to 2024-25. However, due to various political and fiscal developments, notifications...
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A Union Budget for no one -Surajit Das
-Newsclick.in The poor, salaried, businesspersons -- all are unhappy. For, the underlying macroeconomics is wrong – the finance minister is trying to solve the aggregate demand problem by supply-side economics. The annual budget of the Union government was placed in Parliament on the February 1, 2020. In the very beginning of her second budget speech, finance minister Nirmala Sitharaman mentioned that “this is the Budget to boost their (people of India) incomes...
More »What's there for water in the budget kitty? -Partik Kumar
-India Water Portal Budget fails to allocate enough to turn the rhetoric of tap water to each household into reality. Union Finance Minister Ms. Nirmala Sitharaman presented the decade's first union budget in the Parliament on 1st February 2020. While presenting budget for 2020-2021, she started with the country’s vision for the decade in which she emphasised on water management and clean rivers as one of the 10 points of vision for...
More »MGNREGA allocation slashed by Rs. 9,500 crore in the Union Budget 2020-21, allege Right to Work activists
-Press release by Peoples' Action for Employment Guarantee dated 1 February, 2020 The Peoples’ Action for Employment Guarantee is distressed to note the total lack of responsibility and sensitivity accorded by the Union Budget 2020-21 to the rural economy in General, and MGNREGA in particular. It is telling and obviously callous that the Budget estimate for this year at Rs. 61,500 crores is Rs. 9,500 crores less than the revised estimate...
More »Economic Survey 2020 projects GDP growth at 6 - 6.5% in FY21
-The Indian Express The Economic Survey 2020, prepared by Chief Economic Advisor Dr Krishnamurthy Subramanian, was tabled by Union Finance Minister Nirmala Sitharaman in Parliament Friday. The Economic Survey 2020 projected an economic growth of 6 to 6.5 per cent in the fiscal year starting April 1. The survey, prepared by Chief Economic Advisor Dr Krishnamurthy Subramanian, was tabled by Union Finance Minister Nirmala Sitharaman in Parliament Friday. The survey put current fiscal...
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