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Cabinet maintains ban on Tehreek-e-Labbaik Pakistan
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Local medicinal cannabis industry takes historical step
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Pandemic continues to send gov’t revenues plummeting
By Orville Williams
With the Covid-19 pandemic reducing government revenue by at least 40 percent, officials from the Ministry of Finance have warned that there are challenging days to come, until the country’s economic fortunes take a turn for the better.
According to this week’s post-Cabinet report, many of the government’s borrowing sources have been “fully exhausted”, while the moratoria granted to the state by local banks will soon come to an end.
The shutdown of the travel and tourism industries for several months undoubtedly played the biggest role in this economic downturn, leaving the administration scrambling to gather resources from all avenues.
An eye on the future Budget 2021 pushes the growth pedal
Bold measures have been proposed in the budget, such as privatisation of two public sector banks and a general insurance company in this fiscal, higher FDI in the insurance sector, exhibiting India s confidence to be globally competitive
Dilip Chenoy | February 2, 2021 | Updated 14:36 IST
While the budget scores high on many commendable and path-breaking proposals, the key lies in successful implementation of the vision
The spectacular green signal given by the markets to the budget is a clear evidence that this is a budget for nation-building. The government has re-affirmed its commitment to taking the reforms forward, and despite the aberration due to COVID-19, is steadfastly focused on running the course of making India a $5 trillion economy.
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