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A mammoth spending plan of almost $500 billion announced by Prime Minister Narendra Modi’s government is expected to jump-start growth in an economy battered by the coronavirus pandemic, but may not be enough to make a dent in the rising unemployment and poverty India has battled.
India’s $500 billion budget to spur growth leaves little for the poor SECTIONS Last Updated: Feb 06, 2021, 05:31 PM IST Share Synopsis Sitharaman unveiled a budget that will cause the fiscal deficit to balloon to a much higher-than-expected 9.5% in the current year ending March on the added expenditures. Stock market investors cheered the plan, hoping for an economic resurgence and celebrating the absence of new taxes on the wealthy and corporations, while bonds tumbled on worries about the record deficit. Union Budget 2021: FM Sitharaman raises agri credit target to Rs 16.5 lakh cr for FY2...
FICCI, Azim Premji University recommend 18 lakh Udyog Sahayak Enterprises network to assist MSEs The proposed programme can create sustainable livelihoods for 18 lakh educated youth, in addition to enabling MSE growth and indirect job creation and consequent economic growth, the report said Joe C Mathew | January 24, 2021 | Updated 20:58 IST An industry-academia collaboration has submitted a new policy proposal to Narendra Modi government to create Udyog Sahayak Enterprises Network (USENET) that provides a bouquet of services to micro and small enterprises (MSEs) of the country. The scheme e...
FICCI, TISS, Azim Premji University submits report to Govt
What 2020 did to India’s inequality Until now, the burden of this once-in-a-century crisis has been borne unequally, and mostly by the poor. (Photo: Reuters)Premium Rahul Lahoti, Amit Basole The bottom 10% of Indians lost a fourth of their income last year. Can the Budget put a lid on widening inequality? In the shadow of an upcoming Union Budget, these facts acquire more resonance. The govt should consider a covid cess on the rich in order to partly fund direct support to the poor. Share Via Read Full Story BENGALURU : Even before covid-19, India was already a highly unequal country. As p...