[1/n]. Budgetary allocation for #MGNREGA has been slashed from Rs. 71,002 crore in 2019-20 (R.E.) to Rs. 61,500 crore in 2020-21 (B.E.) viz. a fall of Rs. 9,502 crore (-13.4%). URL is bit.ly/2GI2cbf #UnionBudget2020 #EffectiveDemand #RuralDemand @kkuruganti @someshjha7 
@kkuruganti @someshjha7 [2/n]. In comparison to #MGNREGA allocation of Rs. 60,000 crore in FY 2019-20 (B.E.), the rise in allocation in FY 2020-21 (B.E.) is just by Rs. 1,500 crore (viz. 2.5%). URL is bit.ly/2GI2cbf #RuralWages #KeynesianIntervention @businessline @Outlookindia
@kkuruganti @someshjha7 @businessline @Outlookindia [3/n]. In Budget at a Glance document (bit.ly/39223M3), nominal #GDPgrowth in 2020-21 over 2019-20 is expected to be 10%. It means that #MGNREGA allocation (B.E.) as %age of #GDP in 2020-21 is expected to be lower vis-a-vis what was there in 2019-20. #UnionBudget2020
