The government will incentivise civic bodies to improve their finances & set up an Urban Infrastructure Development Fund to create urban infrastructure in tier-II & tier-III cities.
The Finance Minister said the government proposes to increase the agricultural credit target to Rs 20 lakh crore with a focus on animal husbandry, dairy, and fisheries.
The seven key priorities are inclusive development, reaching the last mile, infra and investment, unleashing the potential, green growth, youth power and financial sector.
Four labour codes, amalgamating 29 laws, were passed in 2019 & 2020. But central, state govts have yet to notify the laws that will cater to around 40 crore unorganised sector workers.
Strong domestic demand amidst high commodity prices will raise total import bill and contribute to unfavourable developments in the current account balance, warns report.
Survey report cites improved performance in sectors like tourism, hotels, real estate, IT-BPM and e-commerce. Anticipates improvement in India’s services exports.
National Infrastructure Pipeline projected investment of Rs 111 lakh crore for FY20-25. Survey notes India needs continued stepping up of infra investment to sustain high growth rate.
While global headwinds remain, several factors due in large part to management of key sectors in last few years have placed India in strong position for remaining part of this decade.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Troops patrolled up to Patrolling Point (PP) 10 on Monday. Though there are PP 10, 11, 12, 12A & 13 in Depsang Plains, it was decided that only one or two PPs would be patrolled.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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