Updated Jan 25, 2021 | 10:46 IST
To increase effective demand in the economy and also economically empower the marginalized populations in rural and urban areas, the following measures are suggested for the forthcoming budget. Representational image
New Delhi: In the context of the ensuing budget presentation on February 1, the size of fiscal deficit, apart from other indicators, will be keenly watched and commented upon by public finance experts. Fiscal deficit, a somewhat technical term, needs to be understood unambiguously to grasp its significance in the annual budgetary exercise.
Fiscal deficit, an internationally used concept, shows the excess of all expenditure, both revenue and capital, over revenue receipts plus non-debt capital receipts. Thus, Fiscal deficit = Total expenditure – (Revenue receipts + Non-debt capital receipts).
Odisha sisters work for MGNREGS to fund engineering studies
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January 25, 2021 07:37 IST
Unable to find other options to earn money, they hope to pay off pending dues first
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Rosy Behera (white dress) returning from work with family members in Odisha’s Puri district. | Photo Credit:
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Unable to find other options to earn money, they hope to pay off pending dues first
For the past 20 days, Rosy Behera has been working to build a road near her village in Odisha’s Puri district where, instead of putting her civil engineering skills to work, she carries mounds of earth on her head as a daily wager under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).
DISHA meeting cancelled
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Ruling party leaders could have forced Collector: MP
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Ruling party leaders could have forced Collector: MP
The ruling party leaders could have forced the Collector to cancel the District Development Coordination and Monitoring Committee (DISHA) meeting, which was scheduled for Saturday, said Madurai MP and DISHA Chairman Su. Venkatesan here on Saturday.
Along with co-chairman and Virudhunagar MP B. Manickam Tagore and Tirupparankundram MLA P. Saravanan, he told reporters that the meeting was cancelled as there were irregularities in implementing various Central government schemes.
A meeting was scheduled on Saturday after consulting committee members and Collector T. Anbalagan. A 126-page report with details of projects to be discussed during the meeting was given to members. But the Collector cancelled the meeting on Friday citing ‘administrative reasons.’
Three decades on, India is again at crossroad
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One of the great paradoxes is that Indian industry is capital intensive despite the country having surplus labour. Job creation in industry has been weaker than expected. Art: The Dismantled Wheel by Prabhakar Pachpute, 2020
(Courtesy: Prabhakar Pachpute/Experimenter)
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Vishwanath Pratap Singh visited Kuala Lumpur in June 1990 as the Indian prime minister. He was surprised with the economic progress he saw around. Malaysia was one of the handful of Asian countries that had engineered an economic miracle by the 1980s, as it harnessed domestic capabilities to build an export engine that pulled people out of poverty. The average Malaysian was better off in 1990 than the average Indian is today.