wcsmradio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wcsmradio.com Daily Mail and Mail on Sunday newspapers.
Pandemic shadow to test ability of experienced, first-time finmin officials to weave dream Budget
By IANS |
Published on
Thu, Jan 28 2021 20:42 IST |
0 Views
FM wraps up pre-Budget consultations, over 170 take part in 15 virtual meetings. Image Source: IANS News
New Delhi, Jan 28 : The 2021-22 Union Budget will be unprecedented in many ways. For the first time there has been no lockdown in the finance ministry before the Budget presentation as the exercise this year would go completely paperless avoiding the need for secrecy associated with printed documents.
This will also be the first Budget that will come up immediately after a pandemic-induced nationwide lockdown that brought economic activity in the country to a grinding halt forcing the GDP to contract for the very first time in many, many years. Also, a first would be acute recession that the country stares at and severe levels of unemployment that turned from bad to worse post the pandemic.