02 Feb 2021 Finance minister Nirmala Sitharaman has presented the Union Budget 2021-22 amidst extraordinarily difficult times created by the Covid-19 pandemic. Our GDP growth is estimated to witness the largest ever contraction of 7.7 per cent during the present year. Besides, the paucity of fiscal space, constraints within the…
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Rush of measures to drive economy
02 Feb 2021 Amidst these extraordinary circumstances, the Union government has presented a pragmatic and forward-looking budget that offers avenues for our country to be supported through the current pandemic. The government has adeptly balanced the tightrope walk to increase spending, without going overboard, by focusing on critical sectors such…
A ‘never before’ budget for ‘never before’ times
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…
Economic Survey 2020-21 Highlights: Return of Growth
30 Jan 2021 Ever since the world became engulfed in the worst pandemic in a century, one question has loomed large – ‘When will this get over?’ The Economic Survey 2020-21 answers this question for India. The Survey paints a clear picture of the road to recovery. India’s GDP plunged…
Union Budget 2021—22: A Fiscal Rudder for Fast Recovery
29 Jan 2021 The Union Budget for 2021-22 is to be announced soon. The upcoming Budget is expected to prioritise growth-oriented measures to ensure the momentum of recovery seen in the economy recently is sustained. The focus of the Budget is likely to be on rekindling durable consumption and encouraging…
An expansionary budget for higher growth
28 Jan 2021 The Budget 2021-22 is being announced under the lingering shadow of the pandemic which has caused economic activity to sink to an unprecedented trough. This has made it difficult for tax collections to cope with the Budgeted number which in turn has limited our fiscal space. No…
Union Budget to Focus on Tax Stability and Simplification
27 Jan 2021 The prompt and decisive relief and reform measures announced by the Government during the past year to manage the impact of Covid-19 pandemic on the industry and overall economy are laudable. The recent improved figures in agricultural production, manufacturing and consumption have boosted industry confidence and there…
Sharing the mission: Indian industry has a critical role to play in Covid vaccination programme
26 Jan 2021 The government has made massive efforts in strategising for a mega vaccination programme. Indian industry, which has been a partner in the mission since the beginning of the COVID-19 crisis, is now gearing itself to participate in this critical endeavour. Since the start of the lockdown, companies have re-engineered…
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…
Strengthening the Foundation: Early Childhood Education
25 Jan 2021 Education is the most powerful weapon which you can use to change the world. – Nelson Mandela A good education is the key to progress, both at the individual and social level. India adopted the 2030 Agenda for Sustainable Development, wherein Goal 4 is to ensure “inclusive and…