News: Recently released Union Budget 2022-23 has increased capital expenditure. Why increasing CAPEX is a significant step? The economy is recovering from a pandemic-induced disruption, and the private sector is not investing because of weak demand. Hence, increased capital expenditure will help in increasing growth and crowd in private investment. It will also increase medium-term… Continue reading Fiscal constraints – On Capital Expenditure of Government
Category: 9 PM Daily Articles
The Budget has ignored the poor
News: The 2022-23 Union Budget was presented in the backdrop of acute unemployment, growing poverty, burgeoning wealth and income inequalities, and accelerating inflation which affect the poor disproportionately. However the recent budget falls short of addressing these concerns. Where is the current budget lacking in addressing the problems of the poor? Not enough government… Continue reading The Budget has ignored the poor
A recipe to deepen the distress in rural economy
News: The pandemic induced slowdown has disproportionately affected those at the bottom. Also the economy specially the rural economy had been facing challenges due to demand deficiency even before the pandemic started. Given that monetary policy has limited success in dealing with a crisis of this nature ,fiscal policy is expected to play the dominant… Continue reading A recipe to deepen the distress in rural economy
A betrayal of the social sector when it needs help
News: India continues to rank poorly in various global indices such as the Human Development Index, the Global Hunger Index and others. But, despite this, the budget has put less emphasis on the social sector like health, education and food security. Must read: Union Budget 2022-23: Highlights, tax proposals, concerns – Explained, pointwise What is the… Continue reading A betrayal of the social sector when it needs help
Budget’s missed healthcare opportunity
News: Given the Covid pandemic it was expected that health would be the focus of the budget. But government’s focus is more on capital expenditure. Must read: Union Budget 2022-23: Highlights, tax proposals, concerns – Explained, pointwise Why government focus on health is important? An estimated 70,000 crore have been spent on out-of-pocket expenditure by… Continue reading Budget’s missed healthcare opportunity
FM call for paradigm change in urban planning ‘opportunity of a lifetime’: Experts
News: On emphasizing urban planning, Finance Minister (FM) said when India will celebrate its 100th Independence Day, nearly half the population would be in urban areas. Must read: Union Budget 2022-23: Highlights, tax proposals, concerns – Explained, pointwise What is the announcement on urban planning from budget 2022-23? FM said that urban planning will help India… Continue reading FM call for paradigm change in urban planning ‘opportunity of a lifetime’: Experts
Great On Growth, Not on Jobs
News: Recently Union Budget 2022-23 has been released. The article discusses the wise choices made in the budget along with challenges still existing to be resolved. What are the excellent strategies seen in the Budget 2022-23? One, the finance minister has avoided populist measure and focused on increasing public investment. Government capital expenditure is expected… Continue reading Great On Growth, Not on Jobs
A takeaway is the good infrastructure push
News: Recently Union Budget 2022-23 has been released which has focused on expanding capital expenditure. The article discusses the projected growth, revenue, expenditure, debt and real growth. What is projected income growth? Budget has projected a nominal GDP growth estimate of 11.1% for 2022-23. The real GDP growth is estimated of 8% with an implicit… Continue reading A takeaway is the good infrastructure push
Budget sets up the digital pitch for India to bat on
News: Finance Minister has recently presented the budget. Although there are many positives in the Indian economic scenario like with 9.3% India is the fastest-growing large economy, it has over $630 billion of foreign reserves equalling 13 months of imports. However there are some challenges too like the problem of unemployment rate. How the… Continue reading Budget sets up the digital pitch for India to bat on
MGNREGA: Is the govt expecting unemployment levels to change soon?
News: Recently finance minister released Union Budget 2022-23. This article discusses the regressive nature of budget in terms of social welfare. Why the budget 2022-2023 appears regressive in nature with respect to social welfare? One, last year only Rs 73,000 crore was budgeted but the allocation for MGNREGA was increased to Rs 1.11 trillion due… Continue reading MGNREGA: Is the govt expecting unemployment levels to change soon?
