Two Key Numbers to Look Out for in the Upcoming Budget 2021
The most important concern is that of increasing public spending.
FILE PHOTO: Finance Minister Nirmala Sitharaman holds budget papers as she leaves her office to present the federal budget in the parliament in New Delhi, India, Feb. 1, 2020. Photo: Reuters/Anushree Fadnavis/File photo
Macro31/Jan/2021
There are really only two numbers to look out for in the forthcoming budget: how much did the government claim to have spent in 2020-21, and how much does it intend to spend in 2021-22.
As it is, the Indian governmentâs response to COVID-19 has been, in purely economic terms, one of the worst in the world. Not only did it impose a national lockdown without notice or consultation, at a time when it was not needed, it then proceeded to âunlockâ as cases mounted and infections spread more rapidly, thereby putting more people at risk.
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Fuel Rates Burn Hole in Pocket! Petrol, diesel prices hiked again, scale new highs
Petrol and diesel prices rose sharply by 25 paisa per litre on Thursday, second consecutive day of similar rise, after oil marketing companies decided to break the pause in price revision in wake of a sudden spike in global oil prices.
Accordingly, in the national capital, petrol was sold at the new record high level of Rs 84.70 from previous days Rs 84.45 a litre while diesel prices increased to Rs 74.88 per litre as against Rs 74.64 a litre a day earlier.
Across the country as well pump price of petrol and diesel increased on Wednesday but the quantum varied depending on the prevailing tax structure in each state.