The biggest headwind to the consumption story in FY23 is a sharp decline in government subsidies on food, fertiliser and fuel, and overall decline in revenue expenditure net of interest payments. This, analysts say, will adversely impact purchasing power of households at the lower end of the income pyramid, translating into lower spending on consumer goods and services.
'The government will have to provide something for migrant workers or 'Farmers will still survive because they will eat what they produce.' 'What will the rest of the people do? What will happen to them?'omething else like that or else you will see some huge uprising or unrest.'
Finance Minister Nirmala Sitharaman's Budget proposals lay out a comprehensive road map for transforming India into a developed nation, focusing on key priorities that aim to generate ample opportunities for all citizens in "Viksit Bharat". It sets the stage for sustained economic growth, social development, and technological advancement.
Restoration of Article 370 and Jammu and Kashmir's statehood as well as implementation of the autonomy resolution passed by the erstwhile assembly in 2000 are among the National Conference's 12 guarantees announced in its manifesto for the upcoming polls.
To kick-start the work under MGNREGA after the lockdown is lifted, the government has already prepared plans and states have also submitted their work plans.
With the fiscal deficit target staring at the government, the FY25 Budget has limited expenditure options, points out A K Bhattacharya.
'There is no immediate threat to the government, and they would prefer the growth agenda.'
On October 1, Union Cabinet cleared the proposal of the rural development ministry for naming National Rural Employment Guarantee Act after Mahatma Gandhi.
India's post-pandemic recovery appears to be shaping up like the letter K, widening the inequality among states. The last part of the series captures the rising rural distress, as seen through the prism of MGNREGS demand. The pandemic appears to have exacerbated rural distress in the poorest states.
The first meeting of the newly-reconstituted Central Employment Guarantee Council last week, meant to oversee the National Rural Employment Guarantee Programme, saw two prominent members, Jean Dreze and Aruna Roy, object to various new ideas of the government, beginning with the one of using it to build Bharat Nirman Rajiv Gandhi Seva Kendras, meant to serve as offices for panchayats.
In a bid to woo villagers to benefit from the National Rural Employment Guarantee Scheme, the Orissa government on Tuesday decided to offer health insurance and a house under the Indira Awas Yojana to each labourer who completed 100 days work in a year, official sources said.
Kharge also targeted Prime Minister Narendra Modi, saying the people should not believe Modi's "guarantees".
'The conspiracy is to end India's entrepreneurship culture even before it fully blooms.' 'Negativity is being spread in society towards all those who do business, and this hatred for business and wealth creators is spilling everywhere.'
False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.
Members protest, rural ministry assures it will not be so hereafter.
He referred to the Modi government scheme providing five kilograms of ration to the poor every month and said, "The Congress brought the Food Security Act, you did nothing."
A wall in Vijaypura is an example of what a single positive example can do for a large programme like the National Rrural Employment Guarantee Scheme.
The Odisha government told the assembly over 40,000 workers migrated from the state last year, with the highest number -- 26,151 -- from Balangir.
The top court's remark came while setting aside an order of the Madras high court which directed the Tamil Nadu government to create the posts under the designation.
'If we want real democracy, the economy itself will need to be democratised.'
Months before the Haryana assembly polls, the Bharatiya Janata Party replaced its strongman Manohar Lal Khattar as chief minister with low-profile OBC leader Nayab Singh Saini, a decision that surprised many.
Naveen Patnaik is known as an "absentee landlord" who needs bureaucrats like Pandian to run his government.
It will help customers raise the eligible amount by up to 20 per cent and increase the tenure by up to seven years.
In seeking visa approvals for engineers from China, the company has reasoned that India lacks the expertise to set up such a solar facility.
A video showing Yuvraj Singh, Harbhajan Singh, and Raina mimicking physical discomfort by limping and holding their backs has resulted in a police complaint
The list of drought-hit taluks will be notified, following Chief Minister Siddaramaiah's approval.
Banerjee, who is staging a two-day sit-in to protest alleged discrimination by the Centre against the state, had on Wednesday in a change of stance urged all political parties in the country to unitedly fight the Bharatiya Janata Party in next year's Lok Sabha election.
The resentment against the government has increased.
The rising goods and services tax (GST) and personal income-tax collections may bolster the Narendra Modi government's ability to announce new schemes or enhance existing ones.
Senior Trinamool Congress leader Abhishek Banerjee on Friday said he will participate in the party's protest programme in New Delhi on October 3, a day after he was summoned by the Enforcement Directorate (ED) for questioning in connection with the school jobs scam in Kolkata on the same day.
'Tax officials view most taxpayers as evaders.' 'The I-T department has a perverse incentive to raise unreasonable demands since the one-fifth tax collected counts towards officials' collection targets,' observes Harsh Roongta.
There are a number of problems that plague the implementation of MGNREGA, including corruption, administrative paralysis and other hardy perennials. Massive amounts of funds on this scheme remained unspent in 2010-11 and 2011-12.
'The global situation is not very good.'
Could the MPCE survey results be used as a basis of reconstructing the Consumer Price Index with new weights, asks Madan Sabnavis.
She claimed that the Centre has not released funds for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) project for the state and other initiatives of its housing and road departments.
There was no announcement from the government on guaranteeing a minimum basic income, which is the need of the hour. The announcements on portability of ration cards and affordable rental housing to workers are for the long and medium terms. Migrant workers need immediate relief.
The Union government is projected to share about 32 per cent of central taxes with states during the financial year 2024-25 against the 15th Finance Commission's recommendation of 41 per cent. The Revised Estimates (RE) for FY24, too, show a similar share of states in the central taxes at 32 per cent. In absolute terms, however, there has been an increase in the amount devolved to states compared to the Budget Estimates (BE) for FY24 at Rs 11 trillion.
The youth -- their dreams of government jobs unfulfilled -- are voicing their frustration.
Congress leader Rahul Gandhi on Wednesday said that polls can be rigged through social media, and that if social media companies want, they can make any party win an election.
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