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Minister says welfare of poor is key.

NEW DELHI : The Government would not hesitate to increase the spend under the Mahatma Gandhi National Rural Employment Guarantee (MGNREGA) Programme if

The overall growth scenario remains fragile. Sudden withdrawal of liquidity could hurt growth and spook financial markets. The MPC is unlikely to take that risk for now.

: Friday, February 5, 2021, 7:09 AM IST Government sticks to USD 5 trillion economy target; emphasis on infra aimed at achieving goal: Economic Affairs Secretary Tarun Bajaj Economic Affairs Secretary Tarun Bajaj The government is sticking to the target of becoming a USD 5 trillion economy by 2024-25 and emphasis on infrastructure sector and other initiatives taken in Budget 2021-22 are aimed at achieving the goal, Economic Affairs Secretary Tarun Bajaj has said. The Budget presented by Fina...

Govt sticks to $5 trillion economy target; emphasis on infra aimed at achieving goal: DEA Secretary SECTIONS Govt sticks to $5 trillion economy target; emphasis on infra aimed at achieving goal: DEA SecretaryPTI Last Updated: Feb 04, 2021, 03:13 PM IST Share Synopsis The Budget presented by Finance Minister Nirmala Sitharaman on Monday has given a big push to infrastructure spending, monetisation of assets, ramping up of capacities in healthcare sector and agriculture sector, among others. Thes...

The government and RBI are working on inclusion of Indian sovereign bonds in global bond indices and it may become a reality by the second half of the next fiscal, Economic Affairs Secretary Tarun Bajaj said on Wednesday. The move would attract higher foreign flows as many overseas funds are mandated to track global indices. It will also help bring in large passive investments from overseas, as a result of which more domestic capital would be available for industry as crowding out would be re...

Budget bets big on growth: FM squeezes subsidies, raises capex again Braving the inevitable questions that will be asked by the bond markets and by rating agencies, the government has bet boldly on a growth revival providing India with favourable debt dynamics going forward. The deficit itself has been financed not just through an unprecedented expansion of market borrowing — which will be at Rs 9.6 trillion next year — but also through dipping heavily into the pool of small savings to the...

Banks NPAs decline to Rs 8.08L cr in September 2020 from Rs 10.36L cr in March 2018: Centre Top Searches Banks NPAs decline to Rs 8.08L cr in September 2020 from Rs 10.36L cr in March 2018: Centre Banks NPAs decline to Rs 8.08L cr in September 2020 from Rs 10.36L cr in March 2018: Centre PTI / Feb 2, 2021, 15:51 IST FacebookTwitterLinkedinEMail Up Next NEW DELHI: Non-performing assets (NPAs) or bad loans of the banking sector came down from a high of Rs 10.36 lakh crore at the end of March 201...

Union Budget 2021, which was presented amid a global health crisis, was sketched with 6 pillars in focus. Among these, healthcare was the foremost agendum of Finance Minister Nirmala Sitha­raman’s Budget speech, and the sector was allocated a generous pie of the entire budgetary allocation. At Rs 223,846 crore, the sectors allocation jumped around 118 per cent over the Revised Estimate of the current fiscal year. Yet, stocks from the sector have been underwhelming at the bourses. The S&P...

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...