Saturday, 20 August, 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

Sir Ganga Ram hospital Consultants, Residents and DNB students hold placards during a protest in New Delhi, on 30 December 2021 | PTI

Distrust of Indian doctors isn’t new. Class-caste bias always ruled medical profession

As a practising doctor, I discovered large question marks on claims of a trustful patient-doctor relationship in the past. The routine dehumanisation of underprivileged patients remains a rarely mentioned topic.
Farmers plant paddy saplings in a field | PTI Photo

Good news from the farm as India’s FY22 foodgrain production estimated at record 316 mn tonnes

Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years.

Defence

Representational image. A file photo of an Indian Air Force Cheetah helicopter. | Photo: Commons

IAF operation underway to rescue Italian mountaineer stranded on Mount Nun in Ladakh

The IAF deployed its ‘Cheetah’ helicopter to rescue mountaineer Federico Nicoli. Mount Nun is the second highest peak in the Zanskar Valley of Ladakh.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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