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Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates

Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...

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Budget 2021-22: A political economy perspective -Yamini Aiyar

-IdeasforIndia.in Examining the 2021-22 Union Budget with a political economy lens, Yamini Aiyar contends that the policy choices reflects Government of India’s propensity to centralise rather than to devolve, and a shift away from welfarism. Following the presentation of the Union Budget 2021-22 by Finance Minister Nirmala Sitharaman on 1 February, economists have carefully scrutinised the fiscal math and debated the economic rationale behind the policy choices. Beyond the fiscal math, the...

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Mid-Day Meals play a crucial role in guaranteeing child nutrition in the post-pandemic world

School meals ensure nutrition for millions of vulnerable children across the world. Almost 370 million children worldwide are covered by school feeding programmes. While 100 million school children benefitted from the noon meal scheme in India prior to the COVID-19 pandemic, countries like Brazil (48 million), China (44 million), South Africa (9 million) and Nigeria (9 million) too run similar programmes for school children. However, an estimated 39 billion in-school...

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Can India be ‘atmanirbhar’ by cutting budget for children -Priti Mahara

-Down to Earth While total allocations to Union Budget 2021-22 saw an increase of 14.5%, the share for children declined by 10.8% compared to 2020 The novel coronavirus disease (COVID-19) pandemic has dealt a serious blow to the Indian economy. The economic slowdown has aggravated poverty, disrupted public provisioning for children’s welfare, exacerbated existing gaps in availability, access and utilisation of services. It has multiplied challenges for children from marginalised communities. Healthcare, nutrition,...

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MGNREGA allocation for 2021-22 is inadequate, states People’s Action for Employment Guarantee

-Press note by People’s Action for Employment Guarantee (PAEG) dated 10th February, 2021 In its press note dated 10th February, 2021, People’s Action for Employment Guarantee has noted that the Union Budget 2021-22 largely failed to address the challenge of increasing inequality and declining welfare during the pandemic. For the FY 2021-22, Rs. 73,000 crore has been allocated, which although greater than the original allocation of Rs.61,500 crore for 2020-21, is 34.5...

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