Recent Highlights
All Stories for Economy Sector 2021
Union Budget 2021: Slashed funds for NREGA, Poshan Abhiyan 2.0, elderly pensions reflect poorly on Centre
Swati Narayan • 4 years agoThe biggest hoodwink is the starved Poshan Abhiyan 2.0, which though merges the Supplementary Nutrition Programme and the Poshan Abhiyan, has been allocated an amount less than what was prescribed for Anganwadi services in 2020
80% of India's informal workers lost jobs during COVID lockdown, 63% survived on two meals a day, shows data
S_gokhroo • 4 years agoGovernment needs to take action regarding job security, social security benefits, food security, health benefits, and safety in the informal sector in such a way that it not only manages the current crisis, but also immunises the sector from future shocks
Union Budget 2021: Govt's great land sales idea needs a process-oriented transparent approach
Vivek • 4 years agoIt is important that money coming from land sales be allocated towards specific infrastructure projects, preferably in the very state where land is being sold.
Union Budget 2021: PLI scheme for 13 manufacturing sectors will includue firms in global supply chains
Kumar Deepak • 4 years agoMost of the key announcements from the Budget are in line with the central theme of ‘Aspirational India, Economic Development, A Caring Society’.
Union Budget 2021: Social security for gig workers will nurture risk appetite in workers, say experts
Fp Staff • 4 years agoThe gig economy is a free market system in which temporary positions are common and organisations hire independent workers for short-term commitments
Union Budget 2021: BJP leaders hail 'forward-looking' announcements; 'visionless document', says Opposition
Fp Staff • 4 years agoFinancial experts and industry leaders broadly welcomed the Budget, taking particular note of announcements on road development, taxation and health
Union Budget 2021: Economists say problems of inequitable growth not addressed
• 4 years agoBrokerage company Nomura's India head Prabhat Awasthi said that the Budget was not populist because there is "no major attempt to redistribute incomes by increasing taxes on high income groups"
Union Budget 2021: Banking, health, infra sectors welcome announcements; hospitality, tourism regret lack of immediate support
Fp Staff • 4 years agoHospitality and Tourism roughly account for 10 percent of India's GDP and employ nearly 9 percent of India's working population and yet, it failed to find space in the Union Budget, FHRAI vice-president Gurbaxish Singh Kohli said
Union Budget 2021: Sitharaman defends privatisation of PSBs in interview with News18, says India needs more efficient banks
Fp Staff • 4 years agoSitharaman also said that the government is looking at setting up a holding company for banks' bad assets to address the NPA issue.
This is no 1991, but Sitharaman's budget should boost growth, create jobs and stimulate a COVID-hit economy
Sreemoy Talukdar • 4 years agoThe best part of Union Budget 2021, however, is that Nirmala Sitharaman resisted the temptation to slap more cess, surcharges on the taxpaying citizens and refrained from imposing a ‘wealth tax’ to raise revenue.