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Impact of COVID-19 second wave on economy to remain muted: Finmin report The fiscal position of the central government, it said, has witnessed an improvement in the recent months with a revival in the economic activities during the second half of FY2020-21. Share Via Email   |  A+A A- By PTI NEW DELHI: The impact of the second wave of the coronavirus pandemic on the economy is likely to remain muted as compared to the first wave, the finance ministry said in its monthly economic report. Admitting that the second wave of the pandemic has posed a downside risk to economic activity in t...

Explained: How Covid-19 crisis has exposed India's growing wealth gap Explained: How Covid-19 crisis has exposed India's growing wealth gap The second wave of the Covid-19 pandemic has revealed a stark gap in wealth inequality between India's rich and poor. While the deadly coronavirus has spared none, its impact on the poorer population has been way more devastating. advertisement UPDATED: April 28, 2021 18:11 IST Poorer families are suffuring more during the second Covid-19 wave of the pandemic due to lack of accessiblity and limited financial resources. (Photo: PTI/Representational image) ...

Minister McGrath to review National Lottery good causes funding distribution model   The Minister for Public Expenditure and Reform, Michael McGrath T.D. today, 28th April 2021, has announced plans to review the transparency and effectiveness of how National Lottery Good Causes funding is distributed. Close to 30c of every €1 spent on National Lottery games is returned to the Exchequer to fund Good Cause projects throughout Ireland. Almost €6bn has been raised since the National Lottery commenced operations in 1987. €425 million will be spent on Good Cause projects in 2...

Sinn Féin spokesperson on Agriculture, Matt Carthy TD, has described as ‘deeply concerning’ what he described as the Government’s ‘unambitious and disinterested approach to the development of organic farming’ in Ireland.   He called on Minister Charlie McConalogue to engage with all stakeholders to carry out a comprehensive strategic overview of organic farming policy. Under 2% of all agricultural land in Ireland is under organic production, compared to an EU average of 8.5% as of 2019.  Teachta Carthy said:  “Minister McConalogue’s responses to questions in this area expose...

Government borrowing surpassed Revised Estimates (RE) by about 1 per cent in 2020-21. The government had initially pegged the borrowing at Rs 7.8 trillion, but raised it to Rs 12 trillion as Covid-19 forced a nationwide lockdown and the government doled out a relief package. However, the borrowings were further raised to Rs 12.80 trillion in RE as the government also tried to bring transparency in subsidies. The borrowings exceeded RE despite both indirect and direct tax collections surpassing RE. Dear Reader, Business Standard has always strived hard to provide up-to-date information and co...