Down To Earth's Graphic Editor Sorit Gupto decodes the comparatives and superlatives of Union Budget 2020-21
Union finance minister Nirmala Sitharaman announced that the Union Ministry of Civil Aviation will introduce a 'Krishi Udaan' scheme to help farmers export their produce internationally. Trouble is there is hardly any budgetary allocation for the scheme.
The FM proposed to expand the PM-Kusum scheme to provide 20 lakh farmers for setting up standalone solar pumps and 15 lakh farmers to solarise their grid-connected pump-sets. However, research by Delhi-based think tank Centre for Science and Environment has shown that solar pumps do not incentivise farmers.
Sitharaman announced that the government will sell a part of its holding in Life Insurance Corporation that is a repository of the life savings of millions of Indians.
Sitharaman also suggested closure of carbon-intensive coal power plants. However, mere suggestion may not work for these repeat offenders.
The minister also announced a 'new tax regime' even as the slowdown in the Indian economy continues.
Shockingly, the minister also announced that plans were afoot to kick start economic activity along river banks. Does that mean the floodplains of India's rivers are no longer safe?
We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together.
Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.