National Finance Archives - Centre for Financial Accountability

Financial Inclusion has Remained only a Buzzword in Banking

Financial inclusion cannot be measured by the number of loans disbursed; it cannot be measured only by opening bank...

Infrastructure Risk Guarantee Fund: De-Risking Finance Capital

The Union Budget 2026–27 introduced an Infrastructure Risk Guarantee Fund (IRGF), announced by Finance Minister Nirmala ...

Article

Power Finance Corporation (PFC) and Rural Electrification Corporation Ltd (REC) Give In-principle Nod to Merger

In the Union Budget 2026 to 27, Finance Minister Nirmala Sitharaman announced that major public sector NBFCs would ...

General Post-Budget Series 2026 Union Budget

Article

Did the Budget Do Enough to Solve the Problems Faced by the MSMEs?

This budget has grabbed headlines for its support to the MSME sector, particularly with the announcement of the 10,...

General Post-Budget Series 2026 Union Budget

Video

💼 Who Is(n’t) the Indian Government Spending for

📽️WATCH: Post-BUDGET Wrap 2026 💼 Who Is(n’t) the Indian Government Spending for 🪙 It has been 10 days now s...

Coverage Union Budget Videos

Article

CFA flags ‘welfare retreat’ in Union Budget 2026–27, alleges corporate bias

The advocacy group Centre for Financial Accountability (CFA) has sharply criticised the Union Budget 2026–27, calling it...

Coverage General National Finance Union Budget

Article

PROMISES NOT KEPT, SELLING FALSE DATA — A FARCE CALLED UNION BUDGET

Budgets are supposed to deliver the promises made by the ruling party, address challenges before the economy, and achiev...

General National Finance Post-Budget Series 2026 Random Reflections Union Budget

Article

A Budget Sans Kartavya: CFA releases its Budget Analysis for the year 2026-27

Press Release New Delhi | February 5, 2026: A closer analysis of the Union Budget reveals that the public health spendin...

General Press Releases Union Budget

Article

Kartavya-less Budget

An Analysis of the Union Budget 2026-27 Listening to the Finance Minister’s speech right after reading the Economic Surv...

Featured General National Finance Publications Union Budget

Article

Barking up the wrong tree : A critique of the misdirected and wasteful push for Carbon Capture in the Budget

Background : The still rising global green house gases emissions (the 2025 global CO2 emissions of an estimated 38.1 bil...

Energy General National Finance Post-Budget Series 2026 Union Budget

September 16, 2026

Anirban Bhattacharya

Financial Inclusion has Remained only a Buzzword in Banking

Financial inclusion cannot be measured by the number of loans disbursed; it cannot be measured only by opening bank accounts or simply through digitisation; it cannot be served with the idea of “efficiency”; it cannot be brought about through shrinking branches and rising correspondents replaci...

General National Finance

Article

September 16, 2026

Amitanshu Verma

Infrastructure Risk Guarantee Fund: De-Risking Finance Capital

The Union Budget 2026–27 introduced an Infrastructure Risk Guarantee Fund (IRGF), announced by Finance Minister Nirmala Sitharaman as a mechanism to support infrastructure projects during the design and construction phases. The budget has allocated ₹1,000 crore towards this initiative.This allocatio...

General Infrastructure Finance National Finance Post-Budget Series 2026 Union Budget

Article

September 16, 2026

Arjun Unnikrishnan & Nancy Pathak

Power Finance Corporation (PFC) and Rural Electrification Corporation Ltd (REC) Give In-principle Nod to Merger

In the Union Budget 2026 to 27, Finance Minister Nirmala Sitharaman announced that major public sector NBFCs would be consolidated to create larger institutions to finance energy and infrastructure. Following this, the boards of Power Finance Corporation (PFC) and Rural Electrification Corporat...

General Post-Budget Series 2026 Union Budget

Article

September 16, 2026

Anirban Bhattacharya

Did the Budget Do Enough to Solve the Problems Faced by the MSMEs?

This budget has grabbed headlines for its support to the MSME sector, particularly with the announcement of the 10,000 crore SME Growth Fund. Given the fact that MSMEs have suffered in recent times because of the tariff wars and the dwindling demand in the domestic market, the sector did need s...

General Post-Budget Series 2026 Union Budget

Article

September 16, 2026

The Wire

💼 Who Is(n’t) the Indian Government Spending for

📽️WATCH: Post-BUDGET Wrap 2026 💼 Who Is(n’t) the Indian Government Spending for 🪙 It has been 10 days now since finance minister Nirmala Sitharaman presented the Union Budget 2026-27 in parliament. Over the last few weeks, we’ve also seen the government celebrating international trade d...

Coverage Union Budget Videos

Video

September 16, 2026

Counterview

CFA flags ‘welfare retreat’ in Union Budget 2026–27, alleges corporate bias

The advocacy group Centre for Financial Accountability (CFA) has sharply criticised the Union Budget 2026–27, calling it a “budget sans kartavya” that weakens public welfare while favouring private corporations, even as inequality, climate risks and social distress deepen across the country. In its ...

Coverage General National Finance Union Budget

Article

September 16, 2026

Thomas Franco

PROMISES NOT KEPT, SELLING FALSE DATA — A FARCE CALLED UNION BUDGET

Budgets are supposed to deliver the promises made by the ruling party, address challenges before the economy, and achieve the constitutional goals. One of the most important constitutional goals is to bring down inequality and provide equal opportunity to all. When income inequality is increasing, i...

General National Finance Post-Budget Series 2026 Random Reflections Union Budget

Article

September 16, 2026

CFA

A Budget Sans Kartavya: CFA releases its Budget Analysis for the year 2026-27

Press Release New Delhi | February 5, 2026: A closer analysis of the Union Budget reveals that the public health spending by the Centre remains at a dismal 0.27% of GDP and the education spending stands at 0.35% of GDP, far below the 6% of GDP commitment under the much celebrated National Education ...

General Press Releases Union Budget

Article

September 16, 2026

CFA

Kartavya-less Budget

An Analysis of the Union Budget 2026-27 Listening to the Finance Minister’s speech right after reading the Economic Survey felt as if the sound and fury of the Survey signified nothing. The Survey, sans several of the unqualified praise for the state of the economy, had rightly underlined the exigen...

Featured General National Finance Publications Union Budget

Article

September 16, 2026

Soumya Dutta

Barking up the wrong tree : A critique of the misdirected and wasteful push for Carbon Capture in the Budget

Background : The still rising global green house gases emissions (the 2025 global CO2 emissions of an estimated 38.1 billion tons was 1.1% higher than 2024 emissions, which itself was 0.8% higher than 2023 emissions) are driving us towards a serious climate change crisis. An urgent shift of all econ...

Energy General National Finance Post-Budget Series 2026 Union Budget

Article

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National Finance

Financial Inclusion has Remained only a Buzzword in Banking

Infrastructure Risk Guarantee Fund: De-Risking Finance Capital

Power Finance Corporation (PFC) and Rural Electrification Corporation Ltd (REC) Give In-principle Nod to Merger

Did the Budget Do Enough to Solve the Problems Faced by the MSMEs?

💼 Who Is(n’t) the Indian Government Spending for

CFA flags ‘welfare retreat’ in Union Budget 2026–27, alleges corporate bias

PROMISES NOT KEPT, SELLING FALSE DATA — A FARCE CALLED UNION BUDGET

A Budget Sans Kartavya: CFA releases its Budget Analysis for the year 2026-27

Kartavya-less Budget

Barking up the wrong tree : A critique of the misdirected and wasteful push for Carbon Capture in the Budget

Financial Inclusion has Remained only a Buzzword in Banking

Infrastructure Risk Guarantee Fund: De-Risking Finance Capital

Power Finance Corporation (PFC) and Rural Electrification Corporation Ltd (REC) Give In-principle Nod to Merger

Did the Budget Do Enough to Solve the Problems Faced by the MSMEs?

💼 Who Is(n’t) the Indian Government Spending for

CFA flags ‘welfare retreat’ in Union Budget 2026–27, alleges corporate bias

PROMISES NOT KEPT, SELLING FALSE DATA — A FARCE CALLED UNION BUDGET

A Budget Sans Kartavya: CFA releases its Budget Analysis for the year 2026-27

Kartavya-less Budget

Barking up the wrong tree : A critique of the misdirected and wasteful push for Carbon Capture in the Budget

CFA