FM Sitharaman has loosened the purse strings in Budget: How will it fast-track India’s growth?
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FM Sitharaman has loosened the purse strings in Budget: How will it fast-track India’s growth?By
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Synopsis
Chief Economic Adviser Krishnamurthy V Subramanian argues that Budget 2021 will not only propel growth in the next fiscal but also lay the foundation for the coming decade. He highlights the massive spend on healthcare and core sector projects as well as reforms in the financial sector.
Finance Minister Nirmala Sitharaman (File Pic)
Related
The coronavirus pandemic seems to be on the wane in India and vaccination is well underway. The glimmer of light that we are waiting for at the end of a long pandemic year is still not visible but it could be close by, possibly around the bend.
FM Sitharaman has loosened the purse strings in Budget: How will it fast-track India’s growth?
SECTIONS
FM Sitharaman has loosened the purse strings in Budget: How will it fast-track India’s growth?By
Share
Synopsis
Chief Economic Adviser Krishnamurthy V Subramanian argues that Budget 2021 will not only propel growth in the next fiscal but also lay the foundation for the coming decade. He highlights the massive spend on healthcare and core sector projects as well as reforms in the financial sector.
Finance Minister Nirmala Sitharaman (File Pic)
Related
The coronavirus pandemic seems to be on the wane in India and vaccination is well underway. The glimmer of light that we are waiting for at the end of a long pandemic year is still not visible but it could be close by, possibly around the bend.
Budget 2021 hasn’t done enough to fix India’s employment crisis, say experts
The budgetary allocation for 2021-’22 for the rural jobs programme is 35% lower than the 2020-’21 revised estimate. Representational image. | Sivaram V/Reuters
The 34% rise in capital expenditure promised in the 2021-’22 Budget – from Rs 4.12 lakh crore in 2020-’21 to Rs 5.54 lakh crore – may not do much to resolve the
employment crisis caused by the pandemic-led lockdown, our analysis shows. The push for big, long-gestation infrastructure projects is good but may not result in many jobs, economists say, and the budget merely reiterates the provisions of the
labour codes passed in 2019 and 2020 by Parliament on social security and universal minimum wages.
Budget 2021 Not Enough To Boost Employment: Experts indiaspend.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiaspend.com Daily Mail and Mail on Sunday newspapers.
The political calculus behind Budget 2021
The reason for some of the courageous announcements in the Budget are dictated less by the forthcoming assembly polls, and more by the extenuating circumstances of the last one year
Representative Image
For the Narendra Modi-led central government, and the Bharatiya Janata Party (BJP) that leads it, contesting and winning assembly polls have been their driving force since 2015. This zeal has significantly shaped its economic policymaking, including budgeting exercises.
But the Union Budget 2021-22, that Finance Minister Nirmala Sitharaman presented on February 1, is the first since 2016 to somewhat depart from that template.
Here’s why.