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Budget 2021 hasn't done enough to fix India's employment crisis, say experts


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.
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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. ....

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Budget 2021 to enhance India's growth in manufacturing, trade: Commerce Secy


Union Finance Minister Nirmala Sitharaman tabled the Union Budget 2021-22 on February 1, 2021
Mega Investment Textiles Parks (  |  Photo Credit: Twitter
Commerce Secretary Dr Anup Wadhawan on Wednesday said that the Budget for 2021-22 extensively envisages several initiatives and areas of focus, aimed at enhancing India’s overall competitiveness and manufacturing capacities, which would enable growth, diversification and technological enhancement of India’s exports. These cover both ease of doing business in the area of approvals and procedures, and the physical environment for investment, targeting a plug and play eco-system for investors.
Briefing the media on the Budget 2021-22 initiatives, he said that one primary area of focus is the creation of a robust infrastructure, logistics and utilities environment for the manufacturing sector. ....

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