KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
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Limited Room for Public Spending - Santosh Mehrotra
- Financial Express The Union Government will present its ninth and last full budget before national elections in early 2024. But none of the growth engines inspire optimism, Santosh Mehrotra writes in Financial Express. Nearly 60 percent of India's GDP is accounted for by private onsumption expenditure. However, since demonetisation consumer expenditure has been tepid as job growth fell sharply. Per capita consumption in 2022-23 is just above the level of 2019-20. Private...
More »A welcome move: On the free grains scheme under food security law
-The Hindu The Centre’s taking up the burden for free food grain distribution in 2023 will provide relief to States The Government has decided not to extend the Pradhan Mantri Garib Kalyan Anna Yojana, (PMGKY), a scheme that ran between April 2020 to December 2022 (except for a short period in between), and provided additional allocation of food grains, i.e., rice or wheat from the central pool at five kilograms a month...
More »Pitch on cost of poll promises not linked to freebie debate: Election Commission official -Damini Nath
-The Hindu The government’s fiscal health will be brought into the political discourse with the proposed change, says top Election Commission of India official The Election Commission of India’s (EC) proposal that political parties disclose the financial ramifications of promises in their manifestos was not linked to the recent debate on freebies, but was aimed at improving the implementation of existing guidelines, a top EC official said on Wednesday. The EC had on...
More »ECI seeks restrictions on cash donations to political parties, writes to government
-PTI/ The Hindu Chief Election Commissioner suggests a slew of amendments to RP Act to increase transparency and accountability on part of candidate The Election Commission has proposed reducing anonymous political donations to ₹2,000 from ₹20,000 and cap cash donations at 20% or at a maximum of ₹20 crore to cleanse election funding of black money, sources said on Monday. Chief Election Commissioner (CEC) Rajiv Kumar has written a letter to Union Law...
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