The focus on Inequality is completely missing from the Finance Minister’s Budget Speech and the Budget. Oxfam India’s recent report highlights that India’s 100 top billionaires saw their fortunes increase by Rs 12,97,822 crore during the crisis at the time when 84% households saw a fall in income.
No commitments were made to bring in a wealth tax or ensure growth was equitable and inclusive.
The budget failed to tap into this potential source of revenue at a time when the recent Fight Inequality Alliance survey suggests that 78% people were in favour of imposing a 2% COVID cess on individuals earning more than INR 2 crore per annum. It would be critical to note that the budget has a 80,000 crores shortfall to meet expenditure targets which it proposes to meet through market-borrowing. Instead, the budget offered several incentives to start-ups and businesses such as Rs1.97 lakh crore in next 5 years for PLI schemes in 13 Sectors and extended tax holiday for start-ups.
Goa Chief Minister Pramod Sawant on Monday said he would be presenting the state s budget in the end of March and it would focus on making the state self- reliant. While the Union Budget tabled in Parliament was about Atmanirbhar Bharat, his budget would be about Swayampoorna Goa , the CM told reporters. He said his government would ensure Rs 300 allocated in the Union budget for celebrations of 60 years of Goa s Independence from colonial rule is spent with focus on the common man. Goa will benefit from the Centre s One Nation, One Card policy for migrants, as well as from the focus on a blue economy , the CM added.
Single Mobility Card for metro train, bus users in Bengaluru: Governor daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Share this article
Share this article
NEW YORK, Jan. 25, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST) today announced that Goldman Small Cap Research has published an updated analyst report with a new target share price recommendation of $0.61, up from $0.54. Goldman further indicates the potential for IQST s share price to reach $1.00 later this year.
Goldman Highlights:
Based on its current valuation relative to its peer group and its entry into new, complementary high growth markets, IQST offers huge upside potential with limited downside risk.
Based on recent and future initiatives we are raising our 2020 revenue forecast to $44.8M, up from $42M and our 6-month target price to $0.61, up from $0.54, previously.