02 Feb 2021 Union budget 2021-22 will be a memorable one, being the first budget of the decade, the first digital budget and one coming after an economic contraction. Excellent articulation of the six pillars of health and well-being, infrastructure, inclusive growth, R&D and innovation, minimum government maximum governance and human…
Browsing CategoryDG’s Journal
Reviving growth: Government needs to do a fine balance in Budget on Feb. 1
25 Jan 2021 With economic activity resuming and the vaccine becoming a reality, the challenge of lives versus livelihoods is largely addressed. The next big challenge facing the government is getting growth back. The government has been fiscally prudent in its Covid interventions, with support to industry coming in the…
Budget 2021: Make it inclusive and substantive
22 Jan 2021 Budget 2021 is being presented under exceptional conditions. This is borne out from the advance estimates that show India’s GDP growth to contract by 7.7% in 2020-21, the worst in four decades. The reverberations of this are being felt on lives, livelihood and growth. GoI has been quick…
The budget must tackle India’s prevailing economic uncertainty
14 Jan 2021 The numerous prompt and decisive relief and reform measures announced by the government in the recent past to manage the impact of the covid pandemic on Indian industry and the overall economy have led to a distinct turnaround in India’s growth trajectory. Improved trends in agricultural production,…
Giving the Young a Cause
08 Jan 2021 India is a democracy of the young – talented and restless in equal measure. Demographic dividend is the expected game changer for the country. By 2030, about 250 million of its youth will enter the job market and make significant contributions to domestic and global growth. But…
2021, A year that embodies hope
07 Jan 2021 The year of the virus has just ended and there is much reason for hope in 2021. Several vaccines are ready for use and the government is preparing for a massive rollout across the country. Economic activity, which had come to a standstill in the initial months…
‘FM will need to do a fine balancing act’
22 Dec 2020 The Finance Minister will be presenting the Union Budget for 2020-21 under extraordinary circumstances — with challenges brought on by an epoch-making year marked by the Covid-19 pandemic. The GDP figures have contracted for the first time in four decades, and livelihood is a serious concern. The…
Why small businesses need to embrace digital
18 Dec 2020 This year witnessed the worst global crisis of the new millennium, leaving the world gasping and forcing restructuring of the international economic order. The emergence of Covid-19 also affected the small businesses, or Micro, Small & Medium Enterprises (MSMEs), across the globe, forcing them to handle multiple…
A Primer on Circular Economy
10 Dec 2020 The goal of a circular economy is threefold. Firstly, it aims to reduce wastage at any part of a product or material value chain. Secondly, it aims to preserve the product and material in its in-use phase for as long as possible. And finally, it prioritizes doing…
Atmanirbhar 3.0: A comprehensive step to stimulate demand
30 Nov 2020 A comprehensive and far-reaching package unveiled by the Union finance minister under the Atmanirbhar Bharat 3.0 stimulus underscores the firm resolve of the government to get the economy back on the growth trajectory. By providing a fillip to both consumption and investment demand by announcing a much-needed…