The Supreme Court has urged the government and institutions to consider ways to regulate promises by political parties regarding welfare schemes. The discussion on freebies and populism should be viewed in the context of promoting essential goods and services to disadvantaged groups. Read more about it here

Recognising the foundational aspects of ECE, the new National Education Policy (NEP 2020) has recommended inclusion of children aged 3-6 years within the structure of the school system and universalisation of pre-primary education by 2030.  This important policy commitment of the Government of India needs to be backed by adequate resource support both from the Union Budget and the State Budgets in the coming years. This piece reflects on the same in the light of the upcoming Union Budget.

There is lot of debate going on introduction of GM mustard in India.  The recent approval of genetically modified (GM) mustard in India has sparked controversy, with many questioning the potential long-term effects of such crops. While India has previously approved GM crops like Bt cotton and Bt brinjal, the debate over the risks and benefits of genetically modified organisms (GMOs) continues. In this piece we discuss the financial implication of this decision for our economy and farmers market.

Contract farming has long been touted as a solution to the persistent agrarian crisis in Punjab by diverting large area of arable land away from the wheat-paddy cycle. Past experience of farmers indicates that contract farming dictates its own terms on quality issues, especially when the price of the produce in the open market crashes and buy back does not remain a profitable affair for companies. Therefore, contract farming is yet to make its mark in the state despite its presence since the early 1990s.

Civil society organisations (CSOs) in India face a number of challenges in raising resources for carrying out their work effectively. In such a scenario, tax incentives for charitable donations become critical for CSOs. In fact the mere presence of tax incentives can signal the importance of CSOs in a society and encourage philanthropy within society.

New guidelines of PMS-SC were issued in 2021 to take corrective measures for the scheme. However, these efforts may miss the mark as the new fund sharing system is still limited. 

The article highlights the Climate Actions in India’s Union Budget 22, and analyses the several entwined developments and their plausible aftermaths. It also details out mobilization of resources for Climate Finance including Blended finance, Green bonds etc., along with committed public finances, underscoring the need for a robust policy direction to mitigate the risk of “green washing” in related projects.

The article analyses the Union Budget of 2022-23 from the lens of the health sector and highlights the areas of focus this year and where more attention is needed for strengthening healthcare systems in the country. It also talks about what the budget has provided for tackling the pandemic.

Through an analysis of the Union Budget 2022-23 for school education, the article discusses whether the fiscal support provided for this sector is sufficient to recover from the crisis induced by COVID-19. It also talks about NEP implementation, and sheds light on the schemes that address the digital divide.

Keeping in mind the Government’s goal of doubling farmers’ Income by 2022, it is imperative to look at important budgetary allocations towards the agriculture sector, and the likely impacts of changing schematic allocations in Union Budget 2022. The article discusses some of these issues, in the context of rainfed/dryland agriculture practices which struggle to attain reasonable returns and require special policy attention

As per latest CGA data, tax collection so far has indeed been impressive. The question however, is whether this can be sustained over a longer period without domestic demand picking up significantly, which in turn requires economic recovery to be more broad-based.

A sound public finance management (PFM) roadmap for children is an important entry point for addressing their special needs. There is a need to rethink  the process of child budgeting and strengthen the systems and institutions involved which can go a long way in realising their rights and ensuring their holistic development.