This expenditure includes Rs 40,000 crore towards enhanced expenditure under MNREGA. The first batch of Supplementary Demands for Grants includes 54 Grants and 1 Appropriations.
Either Modi govt is expecting a revenue windfall that will be passed on to states, or states will be squeezed even further. My guess is it will be the latter.
If done right, IPO can bring transparency & efficiency to LIC, ensure govt doesn’t force it to buy weak PSUs, and improve resource allocation in the economy.
Govt has provided Rs 30,000 cr as against Rs 74,340 cr proposed by 15th finance commission, towards revenue deficit grants to states & has made no allocation for bank recapitalisation.
Latest Monthly Ready Reckoner by Centre’s Petroleum Planning and Analysis Cell shows the sharp increase is largely price-driven, rather than a result of any rise in quantity of crude purchased.
BJP followers are dismissive of Rahul. For them, he’s an object of derision. But Modi has always held the opposite view. He sees Rahul, and the Gandhis, as the only potential threat.
COMMENTS