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Budget gives big infra push for NH development, Kochi Metro in Kerala

Budget gives big infra push for NH development, Kochi Metro in Kerala
February 01, 2021
File photo - Wikipedia×
The Finance Minister has announced allocation of ₹65,000 crore for development of 1,100 km of the national highway network in poll-bound Kerala. This includes the 600-km section of the Mumbai-Kanyakumari corridor.
Elections to the State Assembly are due in the next three to four months. Separately, she set apart ₹1,957 crore for the second phase of the Kochi Metro that envisages extension of services along a 11.5-km stretch to the satellite township of Kakkanad.
According to KMRL officials, the proposed network connects central city of Ernakulam to the Infopark, the largest IT hub of Kerala. The phase II will provide multi-model integration by connecting the metro alignment with bus system, water transport ferry, and public bycycle. The Phase-II metro corridor will integrate with water metro at Kakkanad Jetty and at Infopark Jetty. ....

Kanya Kumari , Tamil Nadu , Kochi Metro , Cochin Chamber , Kerala State Council , Finance Minister , State Assembly , Kakkanad Jetty , State Council , Gross State Value , கன்யா குமாரி , தமிழ் நாடு , கோச்சி மெட்ரோ , கொச்சின் அறை , கேரள நிலை சபை , நிதி அமைச்சர் , நிலை சட்டசபை , காக்கணத் ஜெட்டி , நிலை சபை , மொத்த நிலை மதிப்பு ,

Vaccination drive to help revive contact intensive services sector

With the ongoing vaccination drive, the contact intensive services sectors are expected to witness revival, the Economic Survey said on Friday.
Hit hard by the pandemic, the overall services sector has witnessed a contraction of almost 16 per cent in the first half of 2020-21 on year-on-year basis.
In this, the contact intensive services sector was severely impacted, particularly sub-sectors such as tourism, aviation, and hospitality, the document noted.
This decline was led by a sharp contraction in all sub-sectors particularly trade, hotels, transport, communication & services related to broadcasting , which contracted by 31.5 per cent in H1 FY 2020-21, said the survey. ....

Nirmala Sitharaman , Economic Survey , Gross Value Added , Finance Minister Nirmala Sitharaman , Directorate General , Civil Aviation , Gross State Value Added , பொருளாதார கணக்கெடுப்பு , இயக்குநரகம் ஜநரல் , சிவில் விமான போக்குவரத்து , மொத்த நிலை மதிப்பு ,

Ushering in the dawn of diversification in agriculture

While the Supreme Court has constituted an expert committee, it is yet to make progress.
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Farmers of Punjab moving towards Delhi to take part in their January 26 tractor rally as part of the ongoing agitation against agri laws. (Photo | PTI)
The farmers’ agitating on the Delhi borders are preparing to take out a tractor rally on the Republic Day in the backdrop of a deadlock in negotiations with the Centre over the three farm laws. While the Supreme Court has constituted an expert committee, it is yet to make progress. The current agitation has sparked a debate on the systemic problems plaguing agriculture. Bottlenecks at each stage have contributed to the stagnation of farm incomes. ....

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Kerala economic growth plummets to 3.46% in 2019-20 from 6.49% in 2018-19

Kerala economic growth plummets to 3.46% in 2019-20 from 6.49% in 2018-19
The review said the Cyclone Ockhi in 2017, and severe floods resulting from extreme rainfall events in 2018 and 2019 have started to hit the state s economy.
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By Express News Service
THIRUVANANTHAPURAM: Kerala s economy s growth has taken a sharp decline to 3.46 per cent in 2019-20 from 6.49 per cent in 2018-19 as last three years natural calamities affected the productive sectors of the state s economy, according to the Economic Review 2020, tabled in the Assembly on Thursday.
Compounding to the woes is the estimate by the State Planning Board that Kerala s economy in terms of Gross State Value Added (GSVA) to shrink by 26 per cent in the first quarter of 2020-21 due to the crisis caused by the Covid19 pandemic and the consequent lockdown. ....

Assembly On , News Service , Express News , Economic Review , State Planning Board , Gross State Value Added , Cyclone Ockhi , Consumer Price Index , Kerala Economy , சட்டசபை ஆன் , செய்தி சேவை , எக்ஸ்பிரஸ் செய்தி , பொருளாதார விமர்சனம் , நிலை திட்டமிடல் பலகை , மொத்த நிலை மதிப்பு , நுகர்வோர் ப்ரைஸ் குறியீட்டு , கேரள பொருளாதாரம் ,

Rebooting Economy 58: The untold story of India's services sector

Rebooting Economy 58: The untold story of India s services sector
It is an unending saga of gross negligence despite the services sector being the main driver of India s growth story; contributes the most to GDP and is arguably the largest employer too
Prasanna Mohanty | January 13, 2021 | Updated 12:11 IST
Unlike other sectors of economy, there is a paucity of literature on services not just in India but globally, reflecting poor faith of economists in its ability to drive growth
How neglected is India s services sector can be easily determined by asking a simple question to policymakers, planners, or economists: What was the services sector s contribution to the GDP in 1950-51? ....

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