Pandemic and the Union Budget 2021: Implementation and the way forward counterview.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from counterview.org Daily Mail and Mail on Sunday newspapers.
Modi s Slogans - Catchy But Pointless Modi s Slogans - Catchy But Pointless
Updated: February 15, 2021 2:32 pm IST
India has four mints spread over the country in Mumbai, Kolkata, Hyderabad and Noida. These facilities mint coins for the use of the public at large. Prime Minister Modi has set up a fifth mint. This mint does not produce coins, it mints new words and slogans. The latest word he has minted is Andolan Jeevi , obviously referring to those who have made his life difficult in recent times by launching protests against the policies of his government. The pride of place here is occupied by the farmers of the country who, when they realised the pernicious impact the three farm laws would have on their livelihoods, launched a massive movement against the government.
The Union Budget 2021-22 delivered and presented by Finance Minister Nirmala Sitharaman on 1 February 2021 has something for everyone. It was her third budget. This year’s budget was much awaited by every Indian, as it revolves around relief and recovery from last year, and the losses due to the Covid-19 pandemic.
The Union budget this year stands on six pillars, namely health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation and R&D and ‘Minimum Government and Maximum Governance’.
After watching the two-hour-long budget presentation, my observation is that the government is on the right track in its efforts to swiftly bring the Indian economy back to normalcy.
Some missing ‘pillars’ in the Budget
Reviving jobs, economy - /iStockphoto×
More funds could have been allocated to MGNREGA and PM Garib Kalyan Yojana to spur short-term demand
Budget 2021-22, presented in the backdrop of Covid-19, has three major challenges: Containment of the pandemic; massive job losses due to the lockdown; and unprecedented contraction of GDP.
The deceleration in growth in eight quarters prior to Covid-19 has further added pressure on growth revival. The massive job losses have hit consumption, resulting in demand deficiency and GDP contraction.
The ‘Atmanirbhar’ Budget is based on six pillars: (1) Health and Well-being, (2) Physical and Financial Capital, and Infrastructure, (3) Inclusive Development for Aspirational India, (4) Reinvigorating Human Capital, (5) Innovation and R&D and (6) Minimum Government and Maximum Governance to revive growth. However, “pillar-wise” resource Budget allocation is not clearly indicated.
(MENAFN - NewsIn.Asia)
Colombo, February 12 (newsin.asia): India s Deputy High Commissioner, Vinod K.Jacob, has said that India-Sri Lanka bilateral trade gap has narrowed since 2018. We have been able to reduce the trade gap in 2018 and 2019 and made our trade more balanced. According to the latest data from the Sri Lankan side, in 2020, Sri Lankan imports from India were valued at USD 3 billion while Sri Lankan exports to India were valued at USD 604.42 million. This means that the bilateral trade gap, which was USD 3.39 billion in 2018, was further reduced to USD 2.40 billion in 2020, Jacob said in his speech at the ‘Most admired companies of Sri Lanka award ceremony organized by International Chamber of Commerce, Sri Lanka, Daily FT and Chartered Institute of Management in Colombo on February 10.