-The Hindu 96% of annual allocation exhausted. The Centre is on the verge of running out of funds for the crucial Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme. More than 96% of the allocated Money has already been spent or is needed to pay pending dues, with less than Rs.2,500 crore left to sustain the scheme for the next two months. Fifteen States are already in the red. According to the scheme’s...
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Centre refuses to give more funds to Kerala for flood relief
-The Hindu Utilisation certificates not given for 50% of Money sanctioned after 2018 deluge, says Centre The Centre will not allot any additional assistance to Kerala from the National Disaster Response Fund (NDRF) as it has failed to produce utilisation certificates for 50% of over Rs. 3,000 crore fund allotted to it after the 2018 floods, a senior Home Ministry official said on Thursday. The Kerala government had demanded an additional Rs.2,000 crore...
More »Why India faces a public funding crisis -Rathin Roy & Puja Mehra
-Livemint.com * The Centre has no Money for a stimulus package. Only the states can find a way to get India out of the slowdown * States, taken collectively, are the only hope. Despite loan waivers, they are in a better position to boost public spending. But that would require coordinated work between the Centre?and the states NEW DELHI: On 1 February, finance minister Nirmala Sitharaman will present an important Union budget. The...
More »Budget 2020 | Economic revival has agriculture as a good starting point -Siraj Hussain
-Moneycontrol.com Since the general elections, the agriculture sector has taken a back seat as the economy has itself touched new lows Since public memory is short, there is every likelihood that food inflation of 14.12 per cent in December 2019 will obfuscate the last four year’s history of low prices of food items. Vocal sections of urban India would do well to remember that in January 2017, May to August 2017 and...
More »Use of electoral bonds for Delhi polls worries activists -Damini Nath
-The Hindu Rue the use of unaccounted Money in next month’s Assembly elections New Delhi: Activists working for electoral reforms said they were disappointed on Monday when the Supreme Court declined to stay the electoral bond scheme of the government, saying that the anonymous donations to political parties through these bonds could continue for the Delhi Assembly elections next month. A founder of the Association for Democratic Reforms (ADR), which had filed a...
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