Social Sector

The ultra high networth individuals' (UHNIs) social sector spending declined by 5 per cent in FY22, despite a 9.2 per cent increase in their wealth and the persisting inequities in India, a report said. Giving by the UHNI segment declined to Rs 4,230 crore in FY22, if one were to exclude the contributions of Wipro's Azim Premji, the report said. Amid the clampdown on foreign funding of non-profits, the report by consulting firm Bain & Company and Dasra said international funding also declined in FY22. Private foreign giving dipped by about 3 per cent to Rs 15,000 crore in FY22 as compared to the contributions in the year-ago period, the report said, adding that their contribution to overall giving reduced further to 14 per cent as compared to 15 per cent in FY21 and 21 per cent in FY17. Overall, the private giving remained flat in FY22 at Rs 1.05 lakh crore compared to FY21, the report said, adding that the corporate social responsibility spends grew during the fiscal year on the .

The ultra high networth individuals' (UHNIs) social sector spending declined by 5 per cent in FY22, despite a 9.2 per cent increase in their wealth and the persisting inequities in India, a report said on Thursday. Giving by the UHNI segment declined to Rs 4,230 crore in FY22, if one were to exclude the contributions of Wipro's Azim Premji, the report said. Amid the clampdown on foreign funding of non-profits, the report by consulting firm BCG and Dasra said international funding also declined in FY22. Private foreign giving dipped by about 3 per cent to Rs 15,000 crore in FY22 as compared to the contributions in the year-ago period, the report said, adding that their contribution to overall giving reduced further to 14 per cent as compared to 15 per cent in FY21 and 21 per cent in FY17. Overall, the private giving remained flat in FY22 at Rs 1.05 lakh crore compared to FY21, the report said, adding that the corporate social responsibility spends grew during the fiscal year on the

India's ranking on the UN's HDI has remained more or less unchanged, suggesting the country is doing no better or worse than others, though most are growing much slower than India, writes T N Ninan

The government has ring-fenced financial outlays for various social sectors, and this is reflected in nominal increases and efforts to make them more effective

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P Chidambaram on Tuesday hit back at Finance Minister Nirmala Sitharaman for stating that the NDA government's developmental expenditure was higher than that under the UPA regime

The numbers posed by the former finance minister fall way short of the mark as development expenditure was nearly four times

Real rural wages of general agriculture labourers (male) rose just 2.64 per cent in September, followed by 3.11 per cent in October, and again 2.64 per cent in November

Merely bumping up money to spend will not lead to faster utilisation; CGA has identified a host of reasons for balances lying idle, not least of which is the pandemic

The government has continued with earlier policies, schemes and extent of outlays, without attempting radical shifts or transformations

Kant also expressed concern about the state of nutrition among children as he pointed out that it is happening because of lack of "convergence" between various departments.

There has been an attempt to build on earlier initiatives, but financial constraints may hamper execution and achievement of goals

Govt officials say health outlay will have to rise significantly not just for vaccine expense but also for creation of supporting infra and distribution channels

VGF is given to PPP projects and has been limited to economic infra so far; some Rs 6,000 cr would be given for such initiatives as VGF till 2024-25

Tudu's efforts have had quite an impact on her village. She's been able to convince three dropouts to return to school

The comments assume significance in the wake of water conservation being one of the top priorities for the Modi government

The finance minister has balanced allocations across development, fiscal prudence and competing socio-economic priorities

These schemes will not bear the cost of lowered expectations of tax revenues

While allocations to several social sector schemes have been increased, concerns about the direction of the funds being ploughed remain