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Rebooting Economy 64: Budget numbers dont add up to 10% or more growth in FY22 Little attention to direct income support, health and education deprivations, and revival of small businesses will keep the demand and production of goods and services depressed in FY22 Prasanna Mohanty | February 6, 2021 | Updated 18:35 IST Just ahead of the budget, the FY20 growth was reduced from 4.2% to 4%, which will lift the FY22 growth rate True to the trend, the budget for FY22 neither acknowledges nor seeks...

Govt spending in FY21 much less than projected, will not spur demand: CMIE SECTIONS Share Synopsis According to CMIE, the big numbers of 2020-21 were used largely to regularise government books of accounts and partly to provide relief and not to revive the economy. Agencies “If this is the case as it seems to be so, this is, in reality, not an expenditure of 2020-21 but a settlement of past dues of the government. It increases government borrowing but it does not increase spending in a sense ...

IOM - New emerging technologies and COVID-19 have triggered opportunistic, predatory behaviour from organized criminal networks, which often utilize fraudulent travel documents and/or stolen or lost passports to facilitate migrant smuggling, trafficking in persons, and irregular migration. The global border closures marked a drop in the number of irregular journeys, resulting in a significant loss of profit for organized criminal networks. Analysts observed that as travel and movement restric...

Training of Nigerian firefighters in Belarus discussed in Abuja MINSK, 4 February (BelTA) – Belarusian Ambassador to Nigeria Vyacheslav Bril met with the countrys Controller General of Fire Service Liman Alhaji Ibrahim in the Nigerian capital, Abuja, BelTA learned from the Belarusian Embassy in Nigeria. The ambassador handed over a commercial proposal for the supply of Belarusian-made fire rescue equipment to the Nigerian side. The parties also discussed the training of Nigerian specialists f...

1285 Hoshiarpur, February 3 Dr RS Bawa, Pro-Chancellor of Chandigarh University, said, “Students from Punjab are performing exceptionally well in the field of research and entrepreneurship. Out of 900 patents filed by students and the faculty of Chandigarh University, around 104 patents are attributed to the students from the state.” He said due to this, state’s ranking has improved from 12th position to 7th in the recently released annual rankings by the Controller General of Patents, De...

Share: Colombo (News 1st): News 1st reported yesterday on how a gazette issued by the Prime Minister was annulled within a few hours, and the import restrictions on tiles and sanitary ware were reimposed. The Association of Tiles and Sanitary Ware Importers said that this decision would result in the monopolization of the market in the country. An extraordinary gazette was issued on the 10th of July last year banning the import of tiles and sanitary ware. Due to a drop in the availability of t...

Notably transparent The Budget has taken a big step towards displaying a transparent set of numbers A welcome change in the Union Budget of 2021-22 compared to the past is the accent on transparency and credibility. There have been questions regarding the underlying growth assumptions of past Budgets, the practice of shifting large expenses off the Budget, show a lower borrowing number by making public sector enterprises borrow on the Centre’s behalf and so on. Finance Minister Nirmala Sitha...

A Budget that fails to address the hunger pandemic Updated: Updated: February 02, 2021 00:13 IST In a year of economic slowdown and growing inequality, we have been presented with a stingy Budget that fails to ensure the bare necessities for all Share Article AAA In a year of economic slowdown and growing inequality, we have been presented with a stingy Budget that fails to ensure the bare necessities for all While the country continues to grapple with the health and economic crisis as a result...

Jayati Ghosh   |     |   Published 02.02.21, 12:04 AM There is one central message of the Narendra Modi government to the people of India from Budget 2021-22: you will have to be ‘ atmanirbhar’ because you’re on your own. The Central government does not have your back. In the midst of the worst health and economic crisis the country has faced since Independence, it will not protect ...

Countercyclical fiscal policy may not help 1/2 2/2 × In giving spending a boost, the Budget must ensure no large fiscal slippages as this will do the economy more harm than good The Economic Survey 2020-21 offers the spirit of generous optimism on the growth front but this comes coupled with an overdose of complacency. Growth, it is proclaimed, will be achieved, but the path leading to a sustainable growth is missing. As Krishnamurthy V Subramanian, Chief Economic Adviser, said in the Survey P...