Budget should focus on demand stimulus
Job generation schemes need a push - THE HINDU×
It should set aside the fiscal deficit for now, while raising revenue through wealth tax and monetising idle PSU assets
An annual budget is a short-term instrument with a longer-term perspective. Rapid inclusive growth is a widely acceptable goal. The immediate challenges for Budget 2021-22 are those that the pandemic has caused to the economy, leading to massive income and job loss.
The National Statistical Office estimates (advance) that the GDP is likely to contract by minus 7.7 per cent in real terms for 2020-21 to ₹134.40 lakh crore, as against the Provisional Estimate of GDP of ₹145.66 lakh crore for 2019-20.
Havells India shares traded 7 per cent higher to hit a fresh record high of Rs 1,190 on the BSE in an otherwise weak market on Thursday, on expectation of higher growth in the next few quarters due to a low base (lockdown quarters) and effect of price hikes. The fast moving electrical goods company s stock has surpassed its previous high of Rs 1,164, touched on January 22.
In the past one month, Havells India has rallied 32 per cent, after the company reported a strong set of numbers for the quarter ended December 2020 (Q3FY21) with standalone net profit jumping 75 per cent year on year (YoY) to Rs 349 crore, on the back of strong revenue growth. In comparison, the S&P BSE Sensex was down 1 per cent during the same period.
Panasonic launches ACs with nanoe X technology to fight COVID-19
Panasonic’s nanoe X air conditioners are tested for the inhibitory effect on the novel coronavirus at the Texcell Laboratory in France. January 28, 2021 / 02:58 PM IST
Consumer appliances brand Panasonic has launched air conditioners with nanoe X technology that it claims inhibit bacteria and virus including COVID-19.
The company said in a statement that the technology can also remove PM2.5 particles, helping improve indoor air quality. The nanoe X technology is now available in Panasonic’s nanoe X Air Conditioners – which have been tested for the inhibitory effect on the novel coronavirus at the Texcell Laboratory, France.
›Invest in India, a vibrant democracy with a business-friendly climate and a big market: PM tells CEOs at World Economic Forum
Invest in India, a vibrant democracy with a business-friendly climate and a big market: PM tells CEOs at World Economic Forum
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Invest in India, a vibrant democracy with a business-friendly climate and a big market: PM tells CEOs at World Economic ForumBy
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India’s Aatmanirbhar Bharat mission is fully committed to global good and the global supply chain and India now has a predictable and friendly environment, from tax regime to the FDI norms, Prime Minister Narendra Modi said in his opening address at the World Economic Forum.