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Centre s Allocation to Rural Economy Paints a Nuanced Picture of its Commitment
While the government is not diluting its focus on agriculture and rural development, some operational problems could surface with such a pattern of allocations.
Farmers cultivate peas on a farm at Devi Dass Pura village, on the outskirts of Amritsar, Monday, Feb. 1, 2021. Photo: PTI
Budget 2021 has been profusely welcomed by pink media, stock market and most “expert” commentators.
The move towards transparency of budget figures is arguably one of the most significant achievements of this year’s budget. By acknowledging that fiscal deficit in revised estimates (RE) 2020-21 will be 9.5% of GDP rather than 3.5% in the budget estimates (BE), the Centre has brought much needed credibility to the figures of fiscal deficit. If the deficit can be contained to 6.8% in 2021-22, the Centre can claim even more credit for the robustness of the budget’s estimates and projections. ....

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