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Key figures to be watched in Budget 2021-22

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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

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4 arrested for sexual assault of spa employee

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Image: Pexels.com

Delhi Police captured four individuals after a worker of a spa center in Delhi’s Pitampura claimed she was molested and sexually exploited by its manager and a client.

A 22-year-old woman complained of rape in a spa center at Delhi’s Pitampura on Thursday.

Authorities from Maurya Enclave police station hurried to the spot and started the examination.

“On August 4, a PCR call was gotten at PS Maurya Enclave in regards to rape with a lady at a Spa Center, Pitampura Delhi. The police promptly arrived at the spot (the ocean spa center) where a victim aged 22 years along with her husband were present external the spa center and complained in regards to rape on her by the manager of the spa center and client,” said police.

She was sent to the hospital for her clinical assessment. A counselor from DCW visited her.

“She expressed that on June 30 she joined the spa on August 4 at around 6 p.m. one client came there along with the manager Rahul and requested sexual favors. Rahul offered her a soft drink, after drinking it she felt tipsy and both raped her,” said police.

A case under Sections 354A/328/376 D of IPC was registered and both the accused persons were arrested.

Source: ANI

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Gold medalist boxer became a robber in Delhi, arrested with two companions

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A burglary group has been busted in Delhi. A boxer was likewise remembered for this posse, who has additionally won gold decorations in certain contests. This posse of three individuals used to complete stealing from Baba Haridas Nagar of Delhi.

The group had looted a lady’s mobile phone in Baba Haridas Nagar on August 1. when the lady was getting back from work. The lady had let in her protest know that three unidentified individuals who had come on the motorcycle grabbed her mobile phone and took off. The police began the examination of the matter. Some CCTVs were additionally checked and individuals around were likewise addressed.

Then, at that point, on August 4, two individuals wandering in a similar region were gotten by the police. The first gave his name as Ankit (age 19 years) who hails from Jhajjar, Haryana. The other’s name is Shivam Kumar who lives in Sainik Enclave. He is additionally 19 years of age. The third is being told as a minor. The person who is there Ankit is a boxer. During interrogation, a stolen cell phone was also recovered from them.

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Unclaimed Bag, Tiffin Box in Delhi’s Rohini Spark Alarm But Nothing Suspicious Found

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Representational Image | Image Source: PTI

An unclaimed bag was found in Rohini region in delhi on Thursday, sending the security organizations like the special cell and bomb detection team soon to reach the spot and launched an investigation, police said.

After a careful review of the area, nothing suspicious was tracked down.

As per authorities, An unclaimed bag was tracked down in the parking lot close to DC Chowk, Rohini Sector-9.

A bomb identification and removal crew and sniffer canines had looked through the area, but it turned out to be a false alarm.

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