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2020-21 Union BudgetSubscribe to 2020-21 Union Budget

Fiscal Space and Union Budget 2020–21

Vol. 56, Issue No. 21, 22 May, 2021
Anish Gupta

This article points out some drawbacks in the criticism of the Union Budget 2020–21. It notes that the critique suffers from some limitations, ranging from oversimplified solutions, analytical deficiencies and outright factual errors.

 

Down the Rabbit Hole

Vol. 56, Issue No. 20, 15 May, 2021
C P Chandrasekhar

The finance minister’s Budget speech 2021 revealed the government’s plans to establish an Asset Reconstruction Company to take over bad debt from the books of public sector banks for eventual disposal. That suggests that the ARC route rather than recapitalisation would in the coming months be the main means of refurbishing capital in the public banking system. Since there are as many as 28 ARCs already in existence, the reason why the creation of one more would resolve a problem that is expected to worsen over the coming year is unclear. In fact, past experience indicates that ARCs have not helped enhance the actual recovery of lock-up in stressed assets. This suggests that the move is a means to postpone the problem of bad debt resolution so as to avoid having to recapitalise the banks with budgetary resources, which would widen the central fiscal deficit.

 

Union Budget 2020–21: Contrasting States and the Centre’s Approach to Gender Budgeting

Vol. 55, Issue No. 16, 18 Apr, 2020
India had been at the forefront of gender budgeting more than a decade ago. However, over the years, it has slowly lost the gains made. The reasons for this turnaround are manifold. But states, compared to the centre, have been demonstrating a better gender sensitivity in their annual budgets. This is second in a two-part article series that deals with what constitutes gender budgeting in India, the gender sensitivity of budgets presented by the centre and the states. The first article is titled “ Union Budget 2020–21: A Critical Analysis from the Gender Perspective .”

Union Budget 2020–21: A Critical Analysis from the Gender Perspective

Vol. 55, Issue No. 16, 18 Apr, 2020
Gender budgeting is a process of bringing forward a gender perspective at all stages of policymaking. Based on the recommendations of the Gender Budget Charter 2007, the finance ministry takes corrective measures to address gender disparities in terms of allocations for government programmes and schemes annually. This is the first in a two-part article series that deals with what constitutes gender budgeting in India, the gender sensitivity of budgets presented by the centre and the states.

Decoding the 2020-21 Union Budget: Bombastic Speeches and a Plummeting Economy

How can we reconcile the 2020-21 Union Budget’s bombastic proposals with the reality of a crippled domestic economy?
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