Budget 2021: Why R&D needs much needed push
Business | Jan 31, 2021, 02:21 PM ISTThe private sector has always been output driven, which is no wrong and the phrase very closely related to Research and Development is 'Trial and Error'.
The private sector has always been output driven, which is no wrong and the phrase very closely related to Research and Development is 'Trial and Error'.
Amid raging protests over new farm laws, the government's pre-Budget state of economy document on Friday went the extra mile to list benefits of the three contentious laws, saying that besides giving market freedom, they will help raise incomes of small and marginal farmers.
India has emerged as one of the largest countries for flexi-staffing or gig and platform workers, as e-commerce platforms created massive opportunities amid the pandemic, according to the Economic Survey 2020-21.
The Economic Survey reaffirms that the worst is behind us and the economy would bounce back with a V-shaped recovery after being hit hard by the COVID-19 pandemic, India Inc said on Friday.
Onion prices had skyrocketed to as high as Rs 100 per kg in the retail markets few months back, forcing the government to ban exports, allow imports and impose stock limits. The exports curbs have been lifted now with softening of prices.
The contraction in FY21 is mainly due to coronavirus (Covid-19) pandemic and the visible damage caused by the subsequent countrywide lockdown to contain it.
The document which was tabled by Finance Minister Nirmala Sitharaman in the Lok Sabha in its debt simulations for worst-case debt analysis assumed the contraction at (-) 7.7 per cent.
The Economic Survey 2020-21, authored by a team led by Chief Economic Adviser Krishnamurthy Venkata Subramanian, details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.
The Economic Survey, which is presented on the opening day of the budget session, provides a summary of the annual economic development across the country during the financial year.
President Ram Nath Kovind has strongly condemned violence on Republic Day and said that unfurling of a religious flag at Red Fort was unfortunate.
The Economic Survey 2020-2021 will be presented on January 29. It will be the first economic survey by the Centre that will be tabled amid the pandemic.
The Union Budget 2021-22 will be presented by Finance Minister Nirmala Sitharaman on February 1 (Monday). It will be the first budget presentation amid the pandemic.
Ahead of the Union Budget presentation 2021-2022 on February 1, the Economic Survey 2020-21 will be presented in Parliament on January 29.
Bihar clocked a growth rate of 10.53 per cent in 2018-19 as against the national average of 6.8 per cent, according to the state's Economic Survey for 2019-20.
Budget 2020: There's bad news for taxpayers as Economic Survey 2019-2020 report makes an alarming revelation. According to the Economic Survey, in 2019, taxpayers' total money invested in public Sector Banks (Sarkari banks) by the government has suffered a massive loss.
Economic Survey has rightly lauded the economic performance of the Indian economy in 2019-20 on various economic parameters, despite weak environment for global manufacturing, trade and demand, feels Dr. Agarwal.
The Congress on Friday hit out at the government on the Economic Survey, saying it is "completely disconnected" with the reality as the country is facing difficult times on the economic front and it is not bothered about the problems faced by the common man.
To promote preventive healthcare, 1.5 lakh Ayushman Bharat Health & Wellness Centres are proposed to be set up by 2022, according to the Economic Survey 2019-20. The Survey was tabled in Parliament on Friday by Finance Minister Nirmala Sitharaman.
The Economic Survey 2020: India ranks third in number of new firms created, said Finance Minister Nirmala Sitharaman while referencing World Bank data on entrepreneurship, who presented the Economic Survey 2019-20 in the Parliament today.
In India, the government has historically relied on price controls to regulate the prices of pharmaceutical drugs through the National Pharmaceutical Pricing Authority (NPPA) and Drug (Prices Control) Order, said the Survey.
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