Page 4 - Budget 2021

BS READS: Some mistakes India must avoid this time to make DFIs a success

Now that DFIs are making a comeback, three key issues will be crucial for their success -the availability of long-term funds at a reasonable cost, private-sector ownership, and professional management

FM addresses Sebi; calls for timely implementation of Budget announcements

Finance Minister Nirmala Sitharaman on Wednesday appreciated the measures taken by Sebi

Finance commission recommendations aren't a one-day match: N K Singh

In a Q&A, the chairman of the 15th Finance Commission is emphatic that cooperative federalism remains robust and dwells on the possibilty of dividing agro infra cess between Centre and states

Fiscal doves in India: right and wrong

The idea that fiscal prudence and welfare of the less well-off are mutually exclusive is misplaced

India's high priority should be to grow at 7-8%, says Bimal Jalan

Describing the Budget 2021-22 as "extremely good", former RBI governor Bimal Jalan on Tuesday said that India's high priority for now should be to grow at 7-8 per cent, and then give a "great preference" for employment rather than only investment. In an interview with PTI, Jalan further said it does not seem that India will be able to achieve a USD 5-trillioneconomy target by 2024-25. "This year's Budget is extremelygood... I think the rate of growth in India should be 7-8 per cent," he said. The Economic Survey 2020-21 has projected an 11 per cent growth for 2021-22, aided by V-shaped recovery and a 7.7 per cent contraction for the current year. "That is the high priority (7-8 per cent growth rate). Once you have 7-8 per cent growth then there are issues about employment, and we should give a great preference for employment rather than only investment," Jalan said. The former RBI governor said in the next 18 months, India's economic growth will hopefully bounce back to pre-COVID-

Start with smaller banks

Govt must have a clear road map for PSB privatisation

LIVE updates: 47 die after bus falls in canal in Madhya Pradesh's Sidhi

The bus with over 54 passengers was on way from Siddhi to Satna when it went out of control and fell into the canal. Stay tuned for Latest LIVE news

Focus on infra spending in Budget to boost petrochemicals demand: Govt

The government on Tuesday said it expects more demand for petrochemicals like polymers and speciality chemicals in the country due to increased emphasis on infrastructure spending in the Budget

Sitharaman addresses RBI board, explains priorities of government

FM Sitharaman on Tuesday explained the government's priorities to the Reserve Bank of India's central board during their first meeting after presentation of the Budget

PM to address webinar concerning implementation of budget in infra today

The panellists will share their ideas on improving pace and quality of infrastructure development, with focus on advanced technology, and attracting more investments in the sector

Best of BS Opinion: Fragile democracy, IBC set to resume, and more

Here's a selection of Business Standard opinion pieces for the day

Budget 2021 sops likely to bring rupee trading from offshore to GIFT

Foreign banks at IFSC likely to focus on non-deliverable forward business, say experts

Betting on the public sector

History will judge this Budget based on whether the Centre's big bet on a public sector borrowing-driven growth revival works out

Nirmala Sitharaman to address post-Budget RBI board meet on Tuesday

For the next 2021-22 fiscal, the deficit has been pegged at 6.8 per cent of GDP, which will be further lowered to 4.5 per cent by the fiscal ending March 31, 2026

Too many questions on bad bank and infra DFI

Why do we need a bad bank, owned by the banks themselves, when there are at least 28 ARCs around?

FPIs invest Rs 22,038 crore in February so far amid post-Budget cheer

The government''s efforts in the Budget to bring the economy back on track have been lauded by investors, he added

LIVE: Will bring law to recover damages from protesters, says Khattar

FM Sitharaman today said Budget 2021 has set pace for India to become Aatmanirbhar. Meanwhile, polling is underway in as many as 2,786 panchayats in Andhra Pradesh. Stay tuned for Latest LIVE news

Expectations of GDP growth in Q3, Q4 becoming strong: PHDCCI

This is on account of various reforms undertaken by the government in the last ten months, PHDCCI said on Saturday

Govt pursuing reforms to make India one of world's top economies: FM

Sitharaman on Saturday said that the government, undeterred by the Covid-19 pandemic, has been pursuing reforms for achieving sustained long-term growth i

Rs 30,000 crore via agri cess will go to states to improve APMC infra: FM

She says government's cronies are the common people of the country