Sunday, 27 November, 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

A general view of the opening ceremony of the G20 finance ministers and central bank governors meeting in Jakarta, Indonesia, February 17, 2022. Mast Irham/Pool via REUTERS

G20 presidency is India’s chance to fix power imbalances in artificial intelligence adoption

Without considering AI challenges across the world, equitably reaping its benefits will remain inadequate, leading to a more unequal and divisive future.
Representational image | Wiki Commons

How India-Australia FTA is set to boost trade that’s already at a record high

While the bulk of the trade between India and Australia is so far in the energy sector, the FTA is expected to broaden this to include other goods and services.

Defence

Illustration: Soham Sen | The Print

Modi govt moves with Arunachal Frontier Highway, among India’s ‘toughest’ projects yet, China in mind

The 2,000 km-long highway will be of strategic importance to military. Same equipment used on other side of LAC being deployed to carry out work on tough terrain, say officials.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.