The Union Budget 2020-21, which was presented by the Finance Minister Smt. Nirmala Sitharaman on 1st February, 2020 has failed to impress civil society activists and farmers' rights groups (click here and here). Through their press releases and notes, members of CSOs were demanding as well as suggesting the Union Government for hiking the Budgetary allocation for schemes like Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and Pradhan Mantri...
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Union Budget 2020-21: Total rural Budgetary allocation, including MGNREGA slashed -Jitendra
-Down to Earth This comes even as rural India is suffering its worst unemployment crisis in 45 years The Union government slashed Budgetary allocation for its flagship Mahatma Gandhi National Rural Employment Generation Act (MGNREGA) in the Budget 2020-21, at a time when rural India is facing all sorts of crises including rising food bills and highest unemployment in the last five decades MGNREGA guarantees at least 100 days of employment to adults...
More »Deposit insurance cover raised to Rs.5 lakh
-The Hindu The first increase in 27 years assumes significance in the wake of the crisis at PMC Bank Mumbai: The government has decided to increase the insurance cover for bank deposits to ?5 lakh from ?1 lakh, Finance Minister Nirmala Sitharaman said in her Budget speech. This is the first time since 1993 that the deposit insurance cover has been raised. The Finance Minister assured that there was a robust mechanism in...
More »A Budget exercise that is designed for stressed times -TT Ram Mohan
-The Hindu The FM deserves credit for keeping the capital expenditure steady amid receipts shortfall; but her plan does not meet market expectations of sweeping reforms The Finance Minister’s job is a greatly coveted one but no politician would want to be in Nirmala Sitharaman’s shoes today. The Indian economy has slowed to a 5% crawl. The financial system is under considerable stress. Assumptions about tax revenues have gone awry. The clamour...
More »Health sees minuscule increase; govt to privatise district hospitals -Sumi Sukanya Dutta
-The New Indian Express The proposal, mentioned in the Budget, has raised doubts. NEW DELHI: The idea to privatise district hospital — on which the Centre’s top think tank Niti Aayog is still trying to build consensus — was declared as the official policy of the Modi government on Saturday. Union Finance Minister Nirmala Sitharaman, in her Budget speech, said that district hospitals will be attached with private medical colleges on public-private...
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