Union Budget 2021: Healthcare stocks like Fortis, Apollo Hospital, SRL Logistics in focus on introduction of Aatmanirbhar Health Yojana
The healthcare sector was among the biggest gainers in the last 10 months given the opportunities made available in the light of the pandemic. The BSE Healthcare index rallied 87 percent from March 23 s closing low.
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In the aftermath on COVID-19, Finance Minister Nirmala Sitharaman s Budget speech focussed on allocation to healthcare sector. She introduced the Aatmanirbhar Health Yojana with an outlay of Rs 64,180 crore over six years.
This will strengthen the National Centre for Disease Control, she said.
Budget 2021 | Feel-good factor that would nudge consumption is missing
The Budget does not have any big-bang announcements and the message that goes out is that one should be conservative in spending in the immediate future as well. Nissy Solomon
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Tabled in the backdrop of a crisis-struck economy, the Union Budget 2021-22 attempted to nurse the economy back to health. Faced with subdued consumer demand, less spending on infrastructure and a historic contraction in four decades, the Budget had massive challenges to address, many even pre-dating COVID-19.
The Economic Survey made a case for a massive fiscal push to enable counter-cyclical measures. Consistent with this, a slew of measures were announced by Finance Minister Nirmala Sitharaman. The Economic Survey advocated deficit financing as long as the growth of the economy was higher. Given the deficit growth and revenue receipts in the CO
Budget 2021 has its head and heart in the right place
Budget 2021 has the distinction of being largely an out and out infra-focussed budget, which is quite a departure in tone as compared to the oft-cited ‘consumption’ orientation Sachchidanand Shukla
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Budget 2021 has got its head and heart in the right place. Given the aftermath of the pandemic, it was imperative that the government does not shy away from borrowing and spending big, without getting bogged down by concerns from global rating agencies or markets overcrowding out of private investment.
The government has clearly focused on ‘buying’ growth, not just for now but also for the medium term with a laser focus on reviving investment demand. The fiscal deficit is budgeted to ease to 6.8 percent of GDP in FY22 from 9.8 percent in FY21, well above market expectations for both years. Besides, even though the spending to GDP rati
Sitharaman further said 1,000 more mandis will be integrated with the electronic national market and the agriculture infrastructure fund would be made available to APMCs to augment infrastructure facilities.