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India's COVID Stimulus Measures: Indirect Relief, Short-Term Goals

India's COVID Stimulus Measures: Indirect Relief, Short-Term Goals
india-briefing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india-briefing.com Daily Mail and Mail on Sunday newspapers.

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New loan scheme for discoms shows little impact on on clearance of dues

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The utter economic necessity of reforming India's power sector

The utter economic necessity of reforming India’s power sector
Photo: Ramesh Pathania/MintPremium
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A new window has opened up for power sector reform with the final report of the 15th Finance Commission (XVFC) for the five years 2021-22 to 2025-26. This recommendation is among those accepted in the Action Taken Report (ATR), tabled by the government in Parliament along with the report. State government borrowing is to be capped at 4% of state domestic product (SDP) for the new fiscal year 2021-22, to be brought down to 3% in two years. In each of the first four years, a borrowing additionality of 0.5% of SDP is on offer, conditional on power-sector reform.

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Budget 2021 highlights: Check key points of Union Budget 2021-22

Mission Poshan 2.0
The government will be launching Mission Poshan 2.0, Jal Jeevan Mission Urban will be introduced. Finance Minister said that " The urban Swachh Bharat Scheme will be implemented with an outlay of over Rs. 1.4 lakh crore.
Vehicle Scrapping Policy
The government has launched the voluntary scrapping policy in order to remove unfit/ outdated vehicles from the streets. Passenger vehicles beyond 20 years and commercial vehicles beyond 15 years will need to go through a vehicle fitness test.
Road development in Bengal gets Rs. 95,000 crore
Finance Minister Nirmala Sitharaman announced Rs. 95,000 crore for the development of roads in the state of Bengal. The still will conduct polls in coming months.

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Union Budget 2021: Here is Full Text of Nirmala Sitharaman's Address at the Parliament

Union Budget 2021: Here is Full Text of Nirmala Sitharaman's Address at the Parliament
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Introduction
Honourable Speaker, the preparation of this Budget was undertaken in circumstances like never before. We knew of calamities that have affected a country or a region within a country, but what we have endured with COVID-19 through 2020 is sui generis.
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When I presented the Budget 2020-21, we could not have imagined that the global economy, already in throes of a slowdown, would be pushed into an unprecedented contraction.
We could not have also imagined then that our people as those in other countries would have to endure the loss of near and dear ones and suffer hardships brought about due to a health crisis.

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Full text: FM Nirmala Sitharaman unveils Union Budget 2021; doubles healthcare spending, lifts caps on FDI

Hon’ble Speaker,
I present the Budget for the year 2021-2022.
1. Honourable Speaker, the preparation of this Budget was undertaken in circumstances like never before. We knew of calamities that have affected a country or a region within a country, but what we have endured with COVID-19
through 2020 is sui generis.
2. When I presented the Budget 2020-21, we could not have imagined that the global economy, already in throes of a slowdown, would be pushed into an unprecedented contraction.
3. We could not have also imagined then that our people as those in other countries would have to endure the loss of near and dear ones and suffer hardships brought about due to a health crisis.

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Budget pegs FY22 disinvestment target at Rs 1.75 lakh crore

The government aims at making use of disinvestment proceeds to finance various social sector and developmental programmes
Budget pegs FY22 disinvestment target at Rs 1.75 lakh crore
ANI |
Updated: Feb 01, 2021 14:47 IST
New Delhi [India], February 1 (ANI): The Budget proposals for 2021-22 on Monday put Rs 1.75 lakh crore as a target from stake sale in public sector companies and financial institutions.
Finance Minister Nirmala Sitharaman said the government aims at making use of disinvestment proceeds to finance various social sector and developmental programmes besides infusing private capital, technology and best management practices.
"A number of transactions -- Bharat Petroleum Corporation Ltd, Air India, Shipping Corporation of India, Container Corporation of India, IDBI Bank, BEML, Pawan Hans and Neelachal Ispat Nigam Ltd -- among others are proposed to be completed in FY 2021-22," she told Parliament.

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Fire sale in Budget for PSUs, land and assets

Fire sale in Budget for PSUs, land and assets
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Union Budget 2021-22 Summary: Here's the complete overview of Budget

Health and Wellbeing
There is substantial increase in investment in Health Infrastructure and the Budget outlay for Health and Wellbeing is Rs 2,23,846 crore in BE 2021-22 as against this year’s BE of Rs 94,452 crore, an increase of 137 percentage.
The Finance Minister announced that a new centrally sponsored scheme, PM AatmaNirbhar Swasth Bharat Yojana, will be launched with an outlay of about Rs 64, 180 crore over 6 years. This will develop capacities of primary, secondary, and tertiary care Health Systems, strengthen existing national institutions, and create new institutions, to cater to detection and cure of new and emerging diseases. This will be in addition to the National Health Mission.

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Budget 2021-22 in short: A vision for AatmaNirbhar Bharat

1. Health and Wellbeing
There is substantial increase in investment in Health Infrastructure and the Budget outlay for Health and Wellbeing is Rs 2,23,846 crore in BE 2021-22 as against this year’s BE of Rs 94,452 crore, an increase of 137 percentage.
The Finance Minister announced that a new centrally sponsored scheme, PM AatmaNirbhar Swasth Bharat Yojana, will be launched with an outlay of about Rs 64, 180 crore over 6 years. This will develop capacities of primary, secondary, and tertiary care Health Systems, strengthen existing national institutions, and create new institutions, to cater to detection and cure of new and emerging diseases. This will be in addition to the National Health Mission. The main interventions under the scheme are:

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