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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Budget work to start on October 14
-The Hindu Ministries asked to submit data and ensure correctness of figures The Finance Ministry will start its pre-Budget work from October 14 onwards, according to a circular it sent to all Ministries and Departments. The other Ministries will have to prepare and send their budgets, expenditure trends, and non-tax revenue estimates for 2020-21 by October 9 to the Finance Ministry. Following this, the Finance Ministry will hold separate meetings with all the...
More »Joint Secys from outside: How Govt found way to duck quota -Shyamlal Yadav
-The Indian Express Relevant file notings provided by the DoPT to The Indian Express under the RTI Act state, “In a single post cadre, reservation does not apply. Since each post to be filled under this scheme is a Single Post, reservation is not applicable.” New Delhi: AS the government draws up an ambitious plan to hire from outside civil services at entry levels, an RTI application has revealed that while...
More »Economic data under a cloud
-The Telegraph The merger of two statistics bodies would bring such data more directly under the control of the government During the last five years, there have been a number of controversies over economic data presented by the government and by relatively Autonomous Bodies like the National Sample Survey Office. The controversies have been quite sharp, leading to two senior members of the National Statistical Commission resigning earlier this year. These controversies,...
More »What Ails CAG, and What Can Be Done? -BP Mathur
-Centre for Financial Accountability blog The institution of Comptroller and Auditor General (CAG) in India is patterned on the British model. In Britain, The Exchequer & Audit Department Act of 1866 created the office of CAG with a view to strengthen democracy and exercise parliamentary control over national finances. The office of CAG came into being, thanks to the missionary zeal of William Gladstone who was Finance Minister at the time...
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