»Centre Allocates Rs 73K Cr to MGNREGA for Next Fiscal, 34% Less Than Revised Estimate of FY 21
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Centre Allocates Rs 73K Cr to MGNREGA for Next Fiscal, 34% Less Than Revised Estimate of FY 21
The Budget was presented on a tablet instead of the Bahi Khaata used last year. (Image Credit: Twitter/ ANI)
The Centre had allocated Rs 40,000 crore to MGNREGA as part of the Pradhan Mantri Garib Kalyan Yojana.
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The Centre has allocated Rs 73,000 crore to the rural employment guarantee programme MGNREGA for the next fiscal 2021-22, substantially lower than the actual expenditure of Rs 1.11 lakh crore in the current fiscal which included an additional Rs 40,000 crore for the scheme given by the government in the wake of the pandemic s impact on the economy.
Budget 2021: Boost for Ujjwala; data to be used for more schemes
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Last Updated: Feb 02, 2021, 02:28 AM IST
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Synopsis
The Pradhan Mantri Ujjwala Yojana got a boost in the budget for 2021-22, with finance minister Nirmala Sitharaman announcing addition of 10 million beneficiaries during the year to the government’s flagship scheme under which cooking gas connections are given free of cost to women of below poverty line (BPL) families.
Reuters
New Delhi: The Pradhan Mantri Ujjwala Yojana got a boost in the budget for 2021-22, with finance minister Nirmala Sitharaman announcing addition of 10 million beneficiaries during the year to the government’s flagship scheme under which cooking gas connections are given free of cost to women of below poverty line (BPL) families.
Budget 2021: Can Sitharaman s budget fix unemployment issue?
Budget 2021: Economy suffered biggest shock after first lockdown in March when around 11.3 crore people lost jobs as entire economy went into shutdown mode
Manoj Sharma | January 22, 2021 | Updated 17:17 IST
To beat Covid-19 impact, Centre had announced the Atma Nirbhar Bharat package worth Rs 20 lakh crore
Budget 2021: Union Finance Minister Nirmala Sitharaman will announce the Budget 2021 in parliament on February 1. Among many things, all eyes will be on the Finance Minister s budget speech to see if she ll disclose measures to solve India s ever growing issue of unemployment. The year 2020 was particularly a bad year for India in terms of employment. The economy suffered the biggest shock after the first lockdown in March when around 11.3 crore people lost jobs as the entire economy went into shutdown mode, according to private think-tank CMIE.
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The Centre’s subsidy bill for the current fiscal is likely to be higher than the budgeted ₹2.27-lakh crore by at least ₹40,000 crore, largely on account of higher spending on food and fertiliser.
Data with the Comptroller General of Accounts (CGA) show that expenditure by the Department of Fertilisers touched 92 per cent of the budget estimate (BE) by November this fiscal, while spending by the Department of Food and Public Distribution has already exceeded the full year target to touch 108 per cent of the BE.
Low oil prices helped contain the expenditure by the Ministry of Petroleum at 54 per cent of the BE by end-November 2020.
What Could Be India’s Development Prospects In 2021?
The focus should be on three pillars namely self-sufficiency, food security and social security for India to progress holistically. outlookindia.com 2021-01-06T07:54:46+05:30
The world experienced a major crisis in 2020 due to the Covid-19 pandemic. India was faced with numerous challenges of its citizens’ health and economic security that demanded immediate attention. Subsequently, the efficiency of a country’s socio-economic infrastructure and its ability to cater to the needs of people in crisis came under scrutiny. The government tried to come to grip with the fissures through various initiatives and investment drives. I herewith discuss three pillars, namely self-sufficiency, food security and social security that need to be attained for India to progress holistically.