Wednesday, 26 January, 2022
TopicBudget 2021

Topic: Budget 2021

Centre’s fiscal deficit stood at 18.2% of budget estimate for FY22 at end of June

In absolute terms, the fiscal deficit was at Rs 2,74,245 crore. For the current financial year, the government expects the fiscal deficit at 6.8% of GDP or Rs 15,06,812 crore.

Govt open to more measures to boost economy, Chief Economic Adviser says

According to CEA K.V. Subramanian, demands for stimulus should also consider that the Budget this year was presented amid the pandemic and incorporated significant fiscal expansion.

The reality of Modi govt’s vaccine funding: Rs 35,000 cr for states, zero for Centre

Budget documents for 2021-22 show govt didn't allocate any funds for vaccine expenditure by the Centre. However, it has spent Rs 2,520 crore so far this fiscal for vaccine procurement.

Government raises PF threshold limit to Rs 5 lakh for earning tax-free interest

Finance Minister Nirmala Sitharaman said that the criteria would be applicable to those cases where no contribution is made by employers to the retirement fund.

Modi or Manmohan, India’s military needs haven’t been met under either for 10 yrs, data shows

Over the last 10 years, the share of the defence budget spent on capital outlay has declined, from a high of 30% in 2011-12 to as low as 22% in 2018-19. 

Doors being opened for talented youth in space, atomic energy, agriculture sector, says PM Modi

Addressing a webinar on implementation of Union Budget provisions in education sector Wednesday, Modi said the new National Education Policy has encouraged the use of local language.

Budget 2021 marks directional change for Indian economy, says Nirmala Sitharaman

Ahmedabad: Union Finance Minister Nirmala Sitharaman on Thursday said this year's budget has negated the notion that welfare state is a socialist prerogative, and...

PM Modi explains how govt will use funds from privatisation & asset monetisation for welfare

Noting that the government has 'no business to be in business', PM Modi said pointed out how government officials are unable to take courageous decisions fearing allegations and courts.

World has noted strength shown by India’s health sector during Covid, says PM Modi

PM Modi in his address at a webinar Tuesday said the govt is working on prevention of illness and promotion of wellness, healthcare access to all, among other initiatives.

Budget is about govt role as facilitator, private sector as driver of growth — FM Sitharaman

Nirmala Sitharaman said the nation’s growing and aspiring needs and demands across various sectors cannot be served just by the central government and state governments put together.

On Camera

YourTurn

File photo of Russian President Vladimir Putin in Moscow | Photo: Andrey Rudakov | Bloomberg

How Vladimir Putin keeps everyone guessing

Over the years, Putin has always had the upper hand tactically vis-à-vis the West because he’s had what’s called escalation dominance. But experts say he may have gone a big step too far.
AU Small Finance Bank Managing Director and Chief Executive Sanjay Agarwal. | Photo by special arrangement

MSME sector requires hand-holding, Budget measures needed: AU Small Finance Bank MD & CEO

The sector has faced continued distress since the Covid-19 pandemic struck in March 2020. Govt data says about 9% of MSMEs shut down due to the pandemic.

Defence

The photo of former PM Indira Gandhi with the three former service chiefs | Photo: Wikimedia Commons

‘Mystery’ brochure on 1971 War crops Indira Gandhi, Jagjivan Ram from images, courts controversy

Both images show the then service chiefs, but the former PM and defence minister is removed from them.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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