Subhash Chandra Garg, Deccan Herald Given the depreciating USD, India’s $5tn GDP goal of 2019-20 equals $5.74tn in 2022-23, and at further 3 per cent depreciation, it would need to be $6.65tn in 2027-28. The Government of India announced in 2019-20 the goal of a $5 trillion GDP by 2024-25. India’s GDP was $2.84 trillion that year, needing a $2.16 trillion gap to cover in five years. India’s GDP reached $3.39 trillion...
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Can Indian Farmers Reap Benefits From Government Subsidies Amid Inflation? -Subhash Chandra Garg
-TheQuint.in After interest payments, food subsidies, fertiliser subsidy will be third largest single-budget govt expenditure. With the Government seeking an additional appropriation of Rs 1.09 crore through the first supplementary in the current session, India’s fertiliser subsidy bill is set to exceed Rs 2.37 lakh crore this fiscal 2022-23. Govt Expenditures Going Big on Fertiliser Subsidies Excluding interest, pensions, and mandatory transfers to state governments, the revised budgetary discretionary expenditure is likely to be...
More »Strategy to save: On the National Suicide Prevention Strategy
-The Hindu The National Suicide Prevention Strategy must cascade down to every district The best first step towards addressing a malaise is to recognise that it exists. The Ministry of Health and Family Welfare’s recently published National Suicide Prevention Strategy fits right there. It has been a long time coming, but the Strategy, finally in the public realm, calls attention to the massive burden of suicides in the country, and initiates steps...
More »Nod for GM mustard could mean a repeat of anti-farm laws stir -Gargi Parsai
-Deccan Herald With the general elections a little over a year away, a nod for GM food crops could turn out to be as contentious an issue for the BJP By suddenly giving its nod for the environmental release of genetically modified (GM) herbicide mustard crop - the first edible crop that may enter the food chain in India - the Genetic Engineering Appraisal Committee (GEAC) has stirred a hornet's nest. The...
More »MGNREGS to fund work to reverse desertification of land across States -Sobhana K Nair
-The Hindu The employment scheme will work in tandem with the Pradhan Mantri Krishi Sinchayee Yojana to help take up treatment of about 30% more land than feasible with the current scheme size With limited funds to deal with the gargantuan task of restoring degraded land and reversing desertification in the country, the government is now planning to bring convergence between the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) and the...
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