Budget 2021: Rejigging Social Sector Spending Priorities in the Wake of COVID-19
Besides the health sector, which obviously needs to be strengthened, both NREGA and NRLM deserve an allocation boost.
A woman worker in the construction sector. Photo: Reuters/Adnan Abidi
Preparation for the presentation of Union Budget 2021-22 is underway.
Unlike in the past, it is expected that the priorities of this yearâs budget will be different. The pandemic-battered Indian economy is struggling to bring itself back on track due to its falling GDP growth rate, the rise in unemployment and the impact that COVID-19 has left on peopleâs health. While COVID-19, followed by the lockdown, has contracted Indiaâs GDP and revenue, demand for jobs, especially in the rural sector, and a shortage of health infrastructure need greater attention of the government.
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The services sector, barring education, witnessed a near-complete recovery in employment by the December quarter after a significant dip earlier in the year due to the Covid-19 pandemic, the Centre for Monitoring Indian Economy said.
All eyes on FM Nirmala Sitharaman as she presents her third Union Budget
The focus will be on the recovery steps the government will be taking as the economy battles the effects of the COVID-19 pandemic
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Finance Minister Nirmala Sitharaman will present the Union Budget on February 1, an unenviable task as she has her work cut out. The COVID-19 pandemic has affected the economy, and how, since the country s GDP is expected to be in the negative territory in FY 2020-21, according to the Reserve Bank of India.
In May 2020, PM Narendra Modi announced an economic package worth Rs 20 lakh crore, as revealed by the FM, where he also emphasised on the need for India to be
They will place people of State at a disadvantage, says ex-Chief Minister
Leader of the Opposition in the Haryana Assembly Bhupinder Singh Hooda on Sunday opposed the changes in the rules reducing the time period needed to get domicile of the State.
“The State government had issued a notification that allowed any person living in Haryana for 5 years to get a state domicile, reducing it from the earlier 15 years,” said Mr. Hooda accusing the government of adopting a dual policy. He said on the one hand the government is seeking to provide 75% reservation for ‘Haryanvis’ even in private jobs, while on the other, it is reducing the time period for domicile.