Finance Minister Nirmala Sitharaman will be presenting her third Budget in a short while from now. Here are the key numbers to watch out for in the Budget for 2021-22, which is widely expected to be an “economic vaccine” for the pandemic-battered economy.
Sitharaman, who had in her first budget in 2019 replaced leather briefcase which had been in use for decades for carrying budget documents — with a traditional red cloth ‘bahi-khata’, had last month stated that the budget for the fiscal year 2021-22 will be “like never before”.
COVID-19 spending: India has started the world’s largest COVID inoculation programme from January 16 and is using two vaccines Covishield and Covaxin. The expenditure on vaccination this fiscal as well as in the next would be the most watched figures in the Budget.
Fiscal Deficit The budgeted fiscal deficit, which is the difference between government expenditure and income, was 3.5 per cent for current fiscal “ending March 31. However, the revised number would over-shoot this by a large margin due to the fiscal stimulus given to support the economy following COVID-19 outbreak. The number for 2021-22 fiscal would be in focus.
Borrowing The borrowing has already been hiked to Rs 12 lakh crore, from earlier budgeted Rs 7.8 lakh crore, to make good both tax and disinvestment revenue shortfall. Next fiscal’s borrowing, especially on the back of expected higher capital expenditures to boost growth, would have to be keenly watched out.
Tax revenue With an estimated 7.7 per cent economic contraction this fiscal, the 12 per cent growth projected in tax revenues at Rs 24.23 lakh crore for 2020-21 for current fiscal is difficult to meet.
Disinvestment receipts The record Rs 2.10 lakh crore CPSE stake sale target would be missed by a wide margin this fiscal with just Rs 19,499 crore raised so far. However, the silver lining is that privatisation process of at least 7 CPSEs, including Bharat Petroleum (BPCL), Air India, BEML, Shipping Corporation of India (SCI) and Pawan Hans has already started.
Capital Expenditure The government’s planned capital expenditure for this fiscal was over Rs 4.12 lakh crore. With the Economic Survey calling for an “expansionary fiscal stance” to ensure a ‘V’-shaped recovery and clock 11 per cent growth in 2021-22 fiscal, the expenditure number would hog the limelight.
source: The Statesman
Shraddha Murder Case: Police found spinal cord, 10 body parts recovered so far from the forest
The bones of Shraddha found by the Delhi Police in the forest of Mehrauli belong to the back part of the body. About 10 such body parts have been found so far, including the reed bone. Apart from this, some bones have also been recovered from the drain.
Delhi Police has received 10 parts of the body including the lower part of the spinal cord. The police have also found blood stains in the kitchen of the flat, whose samples have been sent for examination to find out whose the blood stains are.
Aftab had cleaned the fridge with chemicals so that when caught, he could spoil the forensic investigation. Delhi Police will soon call Shraddha’s father for a DNA sample. After which blood sample and bone sample will be sent to FLS, after which FSL will do a DNA test.
After the investigation so far, the police suspect that Shraddha’s body was dismembered in the bathroom after the murder. Along with this, the accused used to leave the water running from the shower so that the dead body could be easily cut and blood flowed. The FSL team along with Aftab was present during the investigation at his flat.
Fog will be seen in Delhi’s sky from tomorrow, cold will increase with drop in temperature!
After the passing of half of November, there is a rapid change in the weather. The country’s capital Delhi is feeling cold in the morning and evening, while the temperature is rising in the afternoon. However, a change in the weather can be seen in the coming days. According to IMD, the cold may increase in Delhi from tomorrow i.e. 17 November with a drop in temperature.
Delhi’s temperature condition
According to weather experts, in the next few days, icy winds will blow in the northwest direction, due to which Delhi’s temperature will drop and the cold will increase. Talking about the temperature, on November 17, the minimum temperature can be 12 degrees Celsius and the maximum temperature can be 27 degree Celsius. Two days ago i.e. on November 15, the minimum temperature was recorded at 15 degrees and the maximum temperature was 30 degrees. At the same time, there is a possibility of further decline in it for the next two days. On November 18, the minimum temperature can reach 11 °C and the maximum temperature can reach 26 °C.
In Delhi, 37 lakh people apply for power subsidy
After the 15-day-expansion by the Delhi government to select for the power subsidy scheme finished Tuesday, just three lakh individuals applied during the augmentation time frame. From September 14 till Tuesday night, 37,13,179 individuals applied to keep on benefiting from the subsidy scheme.
In spite of the fact that authorities are guaranteeing that a decent level of individuals has applied, the information shows a distinction of around 10 lakh customers when contrasted with a year ago. As per the information, around 46.8 lakh individuals profited from the advantage under the plan in 2021-22.
“This was the normal number of individuals who get the advantage, and the people who go under the 200 unit class probably applied. Likewise, the number varies as a few purchasers get the financed bill during winters and the number descends in summer as individuals use ACs, coolers, and fans,” said a senior authority from the power office.
He added that individuals who got sponsored bills under 400 units during winter should not have applied. “In any case, they can, in any case, apply before their next charging cycle and profit from the subsidy scheme,” said the official.
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