How Sitharaman can make Budget 2021 a stepping stone to Modi's $5-trillion GDP

 

To keep you updated, we send Economy Newsletter to your mailbox. In case, you wish to Unsubscribe Click Here ECONOMY NEWSLETTER Fri, Jan 08, 2021 | 11:32 AM IST How Nirmala Sitharaman can make Budget 2021 a stepping stone to Modi's $5-trillion GDP dream India is expected to grow at 10% next fiscal to become one of the fastest-growing economies in Asia-Pasific. India's GDP set to drop 7.7%, biggest contraction since 1952 The contraction is in line with what the RBI had projected in its December policy review. Other projections have also been revised upwards as second half could see a bounce back led by improvement in a slew of economic indicators. Even small Chinese investments likely to face government scrutiny In April, the government had made changes to the FDI policy to scan all investments from neighbouring countries with an eye on Chinese inflows that had begun to dominate certain sectors, especially those related to technology. Dear Finance Minister, will I be able to keep my job in 2021? It would be safer to expect that jobs wouldn’t come flooding to a job seeker in the new year. CORONAVIRUS UPDATES 2nd dry run for COVID vaccination rollout begins in Delhi; AIIMS, Safdarjung, Apollo among sites The first dry run for the COVID-19 vaccination roll-out was held in Delhi on January 2 at three sites -- the GTB Hospital, Shahdara, the Urban Primary Health Centre, Daryaganj and the Venkateshwar Hospital, Dwarka. Pfizer vaccine appears effective against mutation in new coronavirus variants: Study COVID-19: Delhi govt-run medical colleges to re-open; students to join in phased manner Two Delhi govt hospitals made non-COVID facilities WHO calls for intensified measures over 'alarming' Covid-19 variant India's fiscal deficit likely to be over 7% in 2020/21 India's government had projected a fiscal deficit of 3.5% of GDP for the current year last February. It estimated government borrowing of 7.8 trillion rupees, later revised to 12 trillion rupees, to provide relief to millions of people and businesses hurt by the pandemic. Inflation, the quiet monster: How to stave it off One of the three major drivers for high inflation during the pandemic is the huge disruptions in the supply side factors. India's December retail inflation likely fell to within RBI target "Food inflation - particularly vegetable prices - are beginning to correct since supply lines are being restored in food aided by good monsoons," said Prithviraj Srinivas, chief economist at Axis Capital in Mumbai. Budget 2021: RBI support could cut cost for deploying payment terminals in rural India Pre-Budget India P&L statement: Goods trade in deficit, services surplus A budget for the elderly: What can a senior citizen do today when interest rates are low? Low interest rates & high inflation ensured investors got close to nil real returns or even negative returns. Toll collection likely to grow 15% in FY22: ICRA "In FY2022, the traffic is expected to increase by 5 per cent and toll rates (WPI linked) by 3-4 per cent resulting in an overall increase in toll collections by 14-15 per cent on a low base in FY2021 (given the impact of toll suspension in first 20 days of April 2020)," Icra said in a statement. Budget 2021: A once-in-a-century chance to win back India's upset farmer Budget 2021-22 must re-orient expenditure in the right direction to get maximum bang for the buck. NHAI readies launch of first government-sponsored InvIT “We are hoping that the InvIT should be operational by March end,” the official told ET, requesting not to be named. “There are five to six projects which are operational, and we have a good revenue stream, which will be transferred to the InvIT.” Equalisation levy does not discriminate against US firms: India In a statement, the commerce and industry ministry said there is no retrospective element as the levy was enacted before the 1st day of April, 2020, which is the effective date of the levy. All Gujarat villages to get day-time agri power supply by 2022-end The BJP government in the state has allocated Rs 3,500 crore to create the necessary infrastructure for this ambitious 'Kisan Suryoday Yojna' (KSY), Rupani said addressing a gathering Tilakwada town in Narmada while launching the project for 39 villages of the district. ET NEWSLETTERS ET Mutual Fund Weekly ET Sunday Wrap Weekly Market Watch Weekly Slideshow Newsletter Weekly About us|Advertise with us|Feedback|Sitemap|Code of Ethics Fri, Jan 08, 2021 | 11:32 AM IST © 2021 Times Internet Limited. To ensure delivery directly to your inbox, please add newsletter@economictimesnews.com to your address book today. If you are having trouble viewing this newsletter, please click here to view latest newsletter To unsubscribe or edit your subscriptions please click here ResponderEncaminhar