Page 29 - Revised Estimates News Today

Advertisement India’s Finance Minister Nirmala Sitharaman announced the budget for 2021-22 earlier this week. The announcement outlined a moderate improvement as far as India’s defense budget allocations are concerned. While the overall defense budget allocation has seen only a marginal hike of around 1.4 percent (from 4.71 trillion Indian rupees in the 2020-21 budget to 4.78 trillion rupees in 2021-22) the allocation for capital spending at nearly 18.8 percent is significant. That this all...

Budget again shows Navy is India’s forgotten Service. While China marches to 2049 mega plan Budget 2021-22 has again put the Navy on the sidelines of Indian defence planning and strategy. While China has its plans clear. Manvendra Singh 3 February, 2021 8:38 am IST Text Size: A+ The Navy, the forgotten Service, continues to remain on the sidelines of Indian defence planning and strategy, despite lessons from history and options imposed by geography. For a...

Read more about Focus on capex does not make Budget inflationary: Expenditure Secretary on Business Standard. We expect the cost of the vaccination to be Rs 700 per person. This includes the price of two shots at Rs 200-250 each, says Somanathan

A doctor checks the temperature of a child at a mobile clinic in Chennai. | Arun Sankar/ AFP The Union Budget for the fiscal year 2021-’22 was supposed to be a landmark plan. The Finance Minister, Nirmala Sitharaman had said this Budget would be unprecedented, and while we know that such grandiose labels are used every year, the circumstances this year are different. Coming on the back of an unprecedented global pandemic that has shot the wheels off the Indian economy, cle...

Union Budget: Why Defence Allocations Were Given the Miss in Sitharamans Speech Emergency purchases by the armed forces in the face of India-China standoff are likely to eat up most of the defence sectors budgetary outlay. Military tankers carrying fuel move towards forward areas in the Ladakh region, September 15, 2020. Photo: Reuters/Danish Siddiqui Security01/Feb/2021 New Delhi: Given how the Narendra Modi government loves to be seen as a muscular regime, the complete silence by Union financ...

Budget 2021: A balanced mix of fiscal correction and clear growth goals While the Budget has revealed a plethora of proposals targeted at supporting the nascent economic rebound, timely implementation of these proposals will be key to sustaining higher growth of the Indian economy in FY2022 and beyond N. Sivaraman | February 3, 2021 | Updated 18:53 IST Budget 2021 has confirmed a substantial slippage in the fiscal deficit relative to the prior targets for both FY2021 and FY2022, an unavoidable...

1-MIN READ Budget 2021: Healthcare Spending Doubled on Paper, But Sees Little Real Increase Despite Pandemic A medic administers the Covid-19 vaccine to a frontline worker. The healthcare budget includes Rs 35,000 crore for the vaccination programme. Public health experts said the budgetary allocation for healthcare sector is an 11 per cent increase if compared to budget estimates for 2021, but it translates into a 10 per cent drop if compared to the revised estimated of 2021. FOLLOW US ON: ...

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...

The Union Budget for FY2022 has been presented as India and the world attempt to exit the clutches of the Covid-19 pandemic. Todays Budget speech was announcement-packed, prioritising health and infrastructure, and delivered to a large extent on the extraordinarily elevated expectations. Nevertheless, timely implementation of the myriad proposals holds the key for sustaining the incipient growth revival that in underway in H2 FY2021, and helping the economy attain a higher growth trajectory ov...

The focus on Inequality is completely missing from the Finance Minister’s Budget Speech and the Budget. Oxfam India’s recent report highlights that India’s 100 top billionaires saw their fortunes increase by Rs 12,97,822 crore during the crisis at the time when 84% households saw a fall in income. No commitments were made to bring in a wealth tax or ensure growth was equitable and inclusive. The budget failed to tap into this potential source of revenue at a time when the recent Fight ...