Latest News
-
Rs 7.50/Share Dividend: Adani Group Cement Company Reports Strong Q4 Results; Profit Surges 2x YoY -
Closing Bell: Market Rebounds To End With Gains For 5th Straight Day; Sensex & Nifty Soar Led By Banks -
Gold Prices Ayodhya: In Ram-Janma-Bhumi, 24carat Falls By Rs 380 In 10-Grams, Drops By Rs 3,800 In 100-gram -
Penny Stock Hits 2nd Upper Circuit After Declaring Earnings, Gains 14% In 1-Week -
Rs 8.50/Share Dividend Recommended: Nestle India Reports 27% YoY Jump In Profit -
0.50% Dividend Yield: Midcap Cement Stock Slumps 10% Following Weak Q4 Results; Profit Down 48% YoY -
1:10 Split, Rs 147/Share Dividend: FMCG Major Likely To Report Profit Growth; Buy Or Sell? -
Mark Zuckerberg's Meta Reports Record Q1 Profit Surge, Projects AI Investments This Year; Stock Slumps -
Gold Prices India: 24K/100 Grams Yellow Metal Falls By Rs 3800, 24K/10 Grams Down By Rs 380 -
Rs 44,000 Crore M-Cap Lost, Stock Falls 10%, No More 4th Largest Bank; How RBI's Ban Rocked Kotak
Budget 2021: Focus May Be On Increasing Expenditure In These 3 Priority Sectors
Amid fiscal concerns, the Union Budget 2021 may focus on offering several demand drivers so as to pull back the economy from the coronavirus pandemic-led downturn. However the relaxation of curbs, festive season and pent-up demand together with government and RBI measures resulted in decent economic recovery but sustenance of the same is a major challenge.
The centre as well as the RBI managed the Covid 19-induced economic crisis proactively and came up with a plethora of schemes worth Rs. 20 lakh crore to bring the economy back on its growth track. The package aimed at offering adequate liquidity as well as credit support to businesses and there was little done in respect of giving cash to the citizens.
And now, the upcoming Budget is expected to focus highly on increasing expenditure in particular in priority sectors such as infrastructure, rural and healthcare. The move will result in the generation of employment opportunities for low and semi-skilled workforce and at the same time would push demand for goods and services that MSMEs offer and increase total consumption. Also, for achieving India's mission to become 'AtmaNirbhar', a number of steps may be announced on structural challenges that obstruct MSME's growth including re-skilling talent and upskilling, and more incentives for the farm sector.
GoodReturns.in
