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.
LankaWeb – India-Lanka trade gap has narrowed since 2018 lankaweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lankaweb.com Daily Mail and Mail on Sunday newspapers.
Updated Feb 04, 2021 | 08:03 IST
New Delhi Railway Station Redevelopment is a flagship project of the RLDA, and the first to be undertaken on the Transit-Oriented Development (TOD) concept in Delhi-NCR. The New Delhi Railway Station will be redeveloped into a world-class station in line with global standards with dome-shaped terminal buildings
New Delhi: Nine major global and domestic companies including GMR Highways, Adani Railways and realtor Omaxe are in the race to bag the redevelopment project of New Delhi railway station entailing an investment of around Rs 6,500 crore.
Worth mentioning here is that Mumbai’s Chatrapati Shivaji Maharaj Terminus (CSMT) and the capital s main railway station are among the most prominent asset monetisation and railway modernisation programme being undertaken by the Centre.
The Union Budget 2021-2022 presented by Finance Minister Nirmala Sitharaman on February 1, 2021, reclines on 6 pillars: Health and Wellbeing; Physical & Financial Capital, and Infrastructure; Inclusive Development for Aspirational India; Reinvigorating Human Capital; Innovation and R&D; and Minimum Government and Maximum Governance. Human Capital is one of the major pillars of this year’s budget.
On the school education and literacy front, the Budget proposes to strengthen more than 15 thousand schools throughout the country for implementation of the National Education Policy (NEP) and also expected from these schools to mentor other schools in the region. It also proposes to start 100 new Sainik Schools in the partnership with NGOs/ private schools and states.