-Newsclick.in The NITI Aayog recommendations to reduce coverage under the NFSA are in tandem with liberalisation of agriculture pushed forward by the government with the passage of three farm laws. On February 28, 2020, it was reported that the central government’s think tank, NITI Aayog, in a discussion paper recommended a revision in the coverage of urban and rural populations under the National Food Security Act (NFSA), 2013 to generate annual Savings...
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NITI Aayog's Proposal to Cut Food Subsidies Will Worsen India's Rising Hunger Problem -Sujata Gothoskar
-TheWire.in A number of indicators have shown that India is still reeling under the adverse impact of lockdowns and job losses necessitated by the pandemic. Any cut in food subsidies will push millions into starvation. On February 28, 2021, it was widely reported that Niti Aayog put out a paper arguing for lowering coverage in food security law in order to cut the subsidy bill. The paper prescribes curtailment of food subsidy...
More »To cut subsidy bill, Niti paper says lower coverage of food security law -Harikishan Sharma
-The Indian Express Based on the rural and urban coverage ratio, the erstwhile Planning Commission had determined the state-wise coverage ratio using the National Sample Survey Household Consumption Expenditure coverage under food security law Survey data for 2011-12. NITI AAYOG, the government think tank, has recommended reducing the rural and urban coverage under the National Food Security Act, 2013, to 60 per cent and 40 per cent, respectively, which it estimates, can...
More »Why Sensex Is On Fire -Aunindyo Chakravarty
-NDTV blog If you had invested all your Savings in the stock market at the end of March last year, by now, you would have almost doubled your money. But in the same period, India's GDP in today's prices would have slid by at least 9-10 percent. Anyone who looks at this divergence will say that the markets have completely 'decoupled' from the economy. Conventional wisdom tells us that this is a...
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...
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