Budget disregard for the vulnerable: some reflections
BUSINESS ECONOMICS|March 1 - 31, 2023
Amid the onslaught of Covid-19 and the Russia-Ukraine war, commoners are reeling under threatening economic conditions.
Dr. Rajiv Khosla & Dr Manjit Sharma
Budget disregard for the vulnerable: some reflections

Much was being expected from the Budget 2023. It was expected that it will try to provide respite from the tough economic conditions. However, this Amritkal budget seems to have served only the privileged sections of the society.

The Ministry of Minority Affairs received 38% lesser allocation in this Budget (₹ 3097 crore) vis-à-vis Budget 2022 (₹ 5020 crore). Considerable reduction has been made in educational empowerment of the minorities which has factually reduced from ₹ 2515 crore (allocated in Budget 2022) to ₹1689 crore this year. If we further dive deep, it becomes evident that pre-matric scholarship for minorities has received only ₹433 crore this year which was budgeted at ̀ 1425 crore last year. Already, this age group is under immense psychological pressure since the break out of Covid-19 and now the dropout rate may go boundless. No doubt, funds for post-matric scholarship have been increased from ₹ 515 to ₹1065 crore, yet in the absence of students promoted from lower classes to senior classes, the need for post-matric scholarship allocation in future may decrease. It is pertinent to mention here that in case of under graduate and post-graduate minority students who undertake scholarship for professional and technical courses, a catastrophic reduction has been made in the allocation - from ₹365 crore in 2022-23 to ₹44 crore in 2023-24. Not only the decrease in allocation has taken place in the context of education for the minorities, rather in Pardhan Mantri Jan Vikas Karyakarm too, that aims at developing socio-economic infrastructure and basic amenities for the identified minority concentration area for improving their quality of life.

Esta historia es de la edición March 1 - 31, 2023 de BUSINESS ECONOMICS.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición March 1 - 31, 2023 de BUSINESS ECONOMICS.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS ECONOMICSVer todo
Deposit shortage: challenges facing India's banking ecosystem
BUSINESS ECONOMICS

Deposit shortage: challenges facing India's banking ecosystem

In any macroeconomic framework, the household sector plays a critical role as a driver consumption, savings, and overall economic activity.

time-read
4 minutos  |
November 01 - 30, 2024
India's future dreams in Semiconductors & AI
BUSINESS ECONOMICS

India's future dreams in Semiconductors & AI

A midst the gloom of the RG Kar affair or the Tirupati laddu scam or even the continued terrorist attacks in Jammu & Kashmir, even after the completion of the first general election in the state, we find hope and encouragement when the founder of Nvidia, Jensen Huang, in his recent visit to India says \"India will be a gigantic opportunity for us\".

time-read
2 minutos  |
November 01 - 30, 2024
The Ramayana: Justice and Modern Man
BUSINESS ECONOMICS

The Ramayana: Justice and Modern Man

Consisting of Twenty-Four Thousand worthy Sanskrit verses, the Ramayana is one such epic, which provides a pathway to one committed to justice to establish himself as an ideal human being by following the exemplary life of its hero.

time-read
6 minutos  |
November 01 - 30, 2024
Vallabhbhai Patel: A Sardar of Farmers, A Matchless Social Reformer and the Maker of United India
BUSINESS ECONOMICS

Vallabhbhai Patel: A Sardar of Farmers, A Matchless Social Reformer and the Maker of United India

Sardar Vallabhbhai Patel was instrumental in unifying the princely states to form the Union of India.

time-read
5 minutos  |
November 01 - 30, 2024
Understanding Prosperity: NOBEL Prize awarded for groundbreaking research on institutions and economic development
BUSINESS ECONOMICS

Understanding Prosperity: NOBEL Prize awarded for groundbreaking research on institutions and economic development

The Royal Swedish Academy of Sciences has awarded the Memory of Alfred Nobel to three US-based economistsDaron Acemoglu, Simon Johnson, and James A. Robinson\"for their studies on how institutions are formed and affect prosperity.\"

time-read
2 minutos  |
November 01 - 30, 2024
Sinking Resources: Groundwater crisis and sustainable solutions in Kolkata
BUSINESS ECONOMICS

Sinking Resources: Groundwater crisis and sustainable solutions in Kolkata

Kolkata's underground water crisis is becoming a serious issue, driven by rapid urbanization and the construction of high-rise buildings.

time-read
4 minutos  |
November 01 - 30, 2024
Tourism Industry positively impacted by the festive season
BUSINESS ECONOMICS

Tourism Industry positively impacted by the festive season

Diwali transforms streets into a spectacle of festive lights, Diwali transforms streets into olis, and families gearing up for grand celebrations.

time-read
2 minutos  |
November 01 - 30, 2024
RBI's Shift to a Neutral Stance: Signaling a New Phase in Monetary Policy
BUSINESS ECONOMICS

RBI's Shift to a Neutral Stance: Signaling a New Phase in Monetary Policy

For over a year, the Reserve Bank of India (RBI) has taken a firm stance against inflation, raising interest rates by 250 basis points between May 2022 and February 2023 in response to post-pandemic price pressures.

time-read
1 min  |
November 01 - 30, 2024
UK Budget
BUSINESS ECONOMICS

UK Budget

There _ he latest UK budget represents a departure from previous fiscal documents.

time-read
2 minutos  |
November 01 - 30, 2024
Han Kang's Historic Nobel Prize Win
BUSINESS ECONOMICS

Han Kang's Historic Nobel Prize Win

The 2024 Nobel Prize in Literature has been awarded to T South Korean writer Han Kang, 53, known for her works including The Vegetarian, The White Book, Human Acts, and Greek Lessons.

time-read
2 minutos  |
November 01 - 30, 2024