Thrifty Budget: Massive spending spree proposed to unleash growth (Roundup)


    New Delhi, Feb 1 | The Centre will go in for a massive spending spree on infrastructure creation, healthcare, education and demand generation to revive India’s pandemic-battered economy.

    In her third budget presentation in the Parliament on Monday, Finance Minister Nirmala Sitharaman proposed to unleash massive fiscal expansion in 2021-22 on the back of high borrowings, fire sales and an agricultural cess.

    However, no adverse impact is set to come on prices as the Centre made prior duty adjustments before imposing the cess.

    The first budget after the Covid-19 outbreak got a thumbs-up from India Inc with the equity markets jumping around 5 per cent in the day’s trade.

    The biggest take-away from the budget has been the Centre’s aggressive push to revive the economy via higher outlay for capital expenditure.

    The FM proposed to increase capex by 34 per cent in Budget 2021-22 in comparison to the previous fiscal BE (Budget Estimate).

    In her Budget speech that lasted for around 1 hour and 45 minutes, Sitharaman doled out enormous amounts for railways, roadways, healthcare, education as well as the agriculture sector.

    Capex alone has been proposed to be increased to Rs 5.54 lakh crore from Rs 4.12 lakh crore spending target in BE FY21.

    Also, she proposed to institute a ‘Land Bank’ monetisation company along with an asset management and reconstruction company or a ‘Bad Bank’ and a Development Financial Institution (DFI) which will fund infra projects.

    Besides, the Finance Minister proposed to relax certain conditions which prohibited private funding, restriction on commercial activities, and direct investment in infrastructure to attract foreign sovereign wealth and pension funds to invest in domestic infra projects.

    She laid out a new import structure along with proposals for a conducive environment to usher in investments into Fintech, insurance and start-ups.

    Further, Sitharaman proposed to give relief to those Non-Resident Indians who have returned to Indiabut face hardship of double taxation.

    The minister set aside Rs 20,000 crore for public sector bank re-capitalisation and gave a push to digital payments and research in Artificial Intelligence.

    She also announced a vehicle scrappage policy, hydrogen energy mission and rationalisation of customs duty structure by eliminating outdated exemptions.

    On the personal tax front, exemption was proposed from filing income tax returns for senior citizens with age of 75 year and above, and who only have pension and interest income.

    The dividend payments to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) from tax deduction at source (TDS) have been exempted.

    Apart from exemptions, the budget envisages constitution of a Dispute Resolution Committee for small taxpayers.

    In terms of shoring up the Centre’s revenues, Sitharaman proposed an asset monetisation pipeline.

    She also set a massive divestment target of Rs 1.75 lakh crore.

    However, Covid-19 prevented the Centre in achieving the FY21 target, with collections only coming in at Rs 19,499 crore.

    In FY22, the Centre plans to divest two public sector banks, as well as a state-owned general insurance company.

    Even the IPO route will be considered for LIC to augment falling revenues.

    Sale of certain projects such as city gas pipelines, roads and ports are expected to give some relief to the Centre.

    But here as well, the fine print suggests hiving off these assets after their completion.

    An Agriculture Infrastructure and Development Cess on excise and customs duties will kick-in to augment the Centre’s coffers.

    Consequently, the fiscal deficit for next year is set at 6.8 per cent from 9.5 per cent for FY21, out of which the Centre plans to borrow Rs 80,000 crore by the end of the current fiscal.

    Sitharaman proposed to amend the FRBM Act to institute more elasticity and return to a fiscal deficit level below 4.5 per cent of GDP by 2025-2026.

    The FRBM Act mandates a fiscal deficit of 3 per cent of GDP that needs to be achieved by March 31, 2020-2021.

    In addition, she said the first budget post the onset of Covid-19 pandemic has ample opportunities for growth and economic reset.

    She said that in the post-Covid world, India is well positioned to benefit from the new realignments in the economic and political spheres.

    Source: IANS

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    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    “Work and you’ll get what you need; work harder and you’ll get what you want”.

    The above-mentioned quote speaks volumes about the courage of those who have made substantial breakthroughs in their life with hardwork and dedication.

    One such committed individual who is preparing several notable names with their social media reach is Durgesh Dhaker. An agile and someone who keeps himself upbeat with the happenings in the country, Durgesh has acquired expertise in carving the social media strategies for various stalwarts. He is also the founder of Aapno Rajasthan

    facebook page with more than 1 million likes which he gain within very short time with his expertise.

    Coming from the beautiful city of Chittorgarh in the land of Rajasthan, Durgesh Dhaker is making his parents and fellows pride of his strides and success acquired through hustling with perseverance. His social media expertise enables him to give his top tips for growing one’s social media presence, it is as below-

    1-Create a network

    Social media comprises of a huge number of people who need to build their reach, subsequently, it turns into a fiercely cutthroat spot where every individual is attempting to draw in mass consideration, thus it is basic that we upgrade our activities to pick a specialty which suits our inclinations, it ought to be something that you are prepared to deal with for quite a while of your life.

    Zero in on making an intuitive substance that can be discovered when somebody looks for it, the most ideal approach to do is to is utilize significant hashtags on Facebook, Twitter, etc.

    2-Create steady, quality posts that are relatable

    Today, the web has enough data however we can help our supporters discover quality data that isn’t excess by posting relatable substance according to our niche, recall, forthright, valuable, and quality substance is as yet restricted on the web, consequently assuming you give individuals what they are searching for reliably, gradually and slowly, you will see considerable development in individuals who follow you.

    3-Social media showcasing/connecting websites

    Social media marketing is perhaps the most ideal approach to get ideal reach online, to see speedy outcomes, posting cool videos, and opinion on the latest happenings are some methods which can be deployed. If one has a website on their name or related to their field of work then those can be attached on social media profiles to promote them better.

    In a nutshell, we can conclude that, according to Durgesh Dhaker, the top way to grow your social media presence is by being relevant and consistent with the content that is suited to the tastes of your target audience, linking several web pages and blogs to boost traffic and last but not the least correct marketing of your content that can lead to conversions.


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