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Budget 2020-21: Will MGNREGA become an overarching rural development scheme -Richard Mahapatra

-Down to Earth The upcoming budget will see many schemes being brought under the rural employment programme; a direct cash transfer may be declared to top this up Union Budget 2020-21 will be a landmark for Prime Minister Narendra Modi. Not just because India is going through an economic slowdown, but also for the fact that it will herald a countdown for many of his ambitious promises that come with prime ministerial...

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Explained: A new controversy on India's fiscal deficit -Udit Misra

-The Indian Express In his blog, S C Garg, former Economic Affairs secretary, has claimed that the actual fiscal deficit for the last financial year and the current one is more than a full percentage point higher than the official data. On the face of it, India’s fiscal deficit, which essentially maps how much money the Indian government has to borrow to make up the gap between its expenditure and its revenues,...

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Won't back fiscal tightening currently: Abhijit Banerjee -Ajeet Mahale

-The Hindu Nobel laureate Abhijit Banerjee says the deficit numbers are a bit imaginary, not a big deal if breached Mumbai: Nobel laureate Abhijit Banerjee has said that he would not back fiscal tightening in the current economic environment. Prof. Banerjee added that the real constraint to the state of education in the country in the current climate of economic slowdown was not lack of money, but the lack of attention paid to...

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Centre pushes for transfer of Sebi's surplus into its accounts -Rajeev Jayaswal

-Hindustan Times Sebi and some of the other regulators initially opposed the plan, citing concerns about loss of autonomy, but the government wants to go ahead with its plan, and finalise the transfer before the next budget is presented on February 1, 2020. New Delhi: The government is pushing ahead with its plan, underlined in Union Budget 2019, to transfer 75% of market watchdog Securities and Exchange Board of India’s (Sebi) surplus...

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Modi wanted to end MGNREGS. Now it's his only tool to ride through slowdown -Sevanti Ninan

-ThePrint.in Under the Modi government, the MGNREGS has suddenly become both an indicator of rural stagnation as well as the proposed solution to it. Agriculture Minister Narendra Singh Tomar had told the Lok Sabha in July this year that the Narendra Modi government was “not in favour of continuing with” the Mahatma Gandhi National Rural Employment Guarantee Scheme for long.  While MGNREGS’ target group is the rural poor, the Modi government’s...

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