Centre s Allocation to Rural Economy Paints a Nuanced Picture of its Commitment
While the government is not diluting its focus on agriculture and rural development, some operational problems could surface with such a pattern of allocations.
Farmers cultivate peas on a farm at Devi Dass Pura village, on the outskirts of Amritsar, Monday, Feb. 1, 2021. Photo: PTI
Budget 2021 has been profusely welcomed by pink media, stock market and most âexpertâ commentators.
The move towards transparency of budget figures is arguably one of the most significant achievements of this yearâs budget. By acknowledging that fiscal deficit in revised estimates (RE) 2020-21 will be 9.5% of GDP rather than 3.5% in the budget estimates (BE), the Centre has brought much needed credibility to the figures of fiscal deficit. If the deficit can be contained to 6.8% in 2021-22, the Centre can claim even more credit for the robustness of the budget’s estimates and projections.
PM Modi releases Rs 2,691 crore for 6.1 lakh PMAY-G beneficiaries in Uttar Pradesh
Modi released the assistance via video conference.Union Rural Development Minister Narendra Singh Tomar and Uttar Pradesh Chief Minister Yogi Adityanath were present on the occasion. PTI January 20, 2021 / 12:56 PM IST
Prime Minister Narendra Modi addressing the nation while launching the COVID-19 vaccination drive (Image: YouTube/Narendra Modi)
Prime Minister Narendra Modi on Wednesday released financial assistance of Rs 2,691 crore to 6.1 lakh beneficiaries in Uttar Pradesh under the Pradhan Mantri Awas Yojana.
Modi released the assistance via video conference.Union Rural Development Minister Narendra Singh Tomar and Uttar Pradesh Chief Minister Yogi Adityanath were present on the occasion.
Read more about PM releases Rs 2,691 crore for PMAY-G beneficiaries, slams previous govts on Business Standard. Modi said the poor had to the bear the brunt of wrong policies and intentions
The growth would be supported by rural demand, including affordable housing, and recovery in infrastructure segment. ICRA expects cement demand to increase by 18-20 per cent in FY2022 over FY2021 with the volumes reaching back to around FY2019-FY2020 levels, the rating agency said in a statement. The volume growth is also likely to support operating margins in FY22 at around 20 to 21 per cent, notwithstanding some cost-side pressures, it added. Capacity additions are expected to get back to around 20-22 MTPA (million tonnes per annum) in FY2022 from around 15-17 MTPA in FY2021, it said. The eastern region is likely to lead the expansion by adding around 15-17 MTPA capacity during the said period.