Budget 2020-21 didn’t address the core issues of ailing health sector

Source: Indian Express Gs2: issues Relating to Development and Management of Social Sector/Services relating to Health. Synopsis: Four important issues ailing the health sector did not find a place in the budget. Background The budget allocation for the health sector in 2021-22 was (24 lakh crore) 137 % more than the previous year (69,000 crores). However,… Continue reading Budget 2020-21 didn’t address the core issues of ailing health sector

Evaluation of Budget 2021

Source: The Hindu Gs2: Parliament and State Legislatures- Budgeting Synopsis: The evaluation of Budget 2021 is done on three parameters. First, on the credibility of the Budget. Second, it’s potential to deliver adequate domestic output and jobs. Third, on how the Budget raises resources. What is the Credibility of the Budget 2021? Budget 2021 scores… Continue reading Evaluation of Budget 2021

Budget 2021: Continues with fiscal conservatism

Source: The Hindu Gs2: Parliament and State Legislatures- Budgeting Synopsis:  A close analysis of Budget 2021 reveals that the Government is following the principle of fiscal conservatism. The policy of Fiscal spending was the need of the hour. Why the government resorts to fiscal conservatism? Falling revenues had forced the government to restrict its aggregate… Continue reading Budget 2021: Continues with fiscal conservatism

Budget 2021: Despite some hits, the Budget has crucial misses

Synopsis: The recently released budget 2021 has got a few things right, but there are some issues as well. Introduction The government’s response to distress in the economy was below expectations. Public spending was just over 1% of GDP. It was in a situation when GDP growth was in the negative zone and the unemployment… Continue reading Budget 2021: Despite some hits, the Budget has crucial misses

“Reform-based and result-linked scheme” to revive discoms

Why in News? The Finance Minister proposed a plan to revive discoms. It will include a reform-based and result-linked scheme for electricity distribution companies(discoms). The Minister also announced a framework to provide electricity consumers, an option to choose from among more than one distribution company. This will end the monopoly of discoms and promote competition… Continue reading “Reform-based and result-linked scheme” to revive discoms

Government launches “Portal to collect data on gig workers”

What is the News? The Finance Minister has announced the launch of a portal to collect data on gig, building, and construction workers. About the Portal: The portal aims to collect relevant information on gig and platform workers along with building, construction and other such workers. The information collected will help in formulating health, housing,… Continue reading Government launches “Portal to collect data on gig workers”

Government announced “Single Security Market Code”

What is the news? Government has announced the setting up of a Single Security Market Code. Coverage: It will consolidate the provisions of SEBI Act,1992, Depositories Act, 1996, Securities Contracts (Regulation) Act,1956, and Government Securities Act,2007. Impact: This move will improve the ease of doing business in the country’s financial markets. Moreover, it will cut… Continue reading Government announced “Single Security Market Code”

Finance Minister allocates funds for “National Research Foundation”

What is the News? The Finance Minister allocated funds for the creation of a National Research Foundation(NRF). About National Research Foundation(NRF) The NRF found mention in the 2019 Budget speech first. New Education Policy(NEP),2020 also proposed its formation. The foundation would be an autonomous body. It will fund researches across four major disciplines –Sciences; Technology;… Continue reading Finance Minister allocates funds for “National Research Foundation”

Swachh Bharat Mission Urban 2.0 and Jal Jeevan Mission

What is the News? The Finance Minister launched Swachh Bharat Mission Urban 2.0 along with Jal Jeevan Mission(urban). Swachh Bharat Mission Urban Launched in: It was launched in 2014 by the Ministry of Housing and Urban Affairs. Swachh Bharat Mission Urban 1.0: The focus of the mission was to make urban India open defecation free… Continue reading Swachh Bharat Mission Urban 2.0 and Jal Jeevan Mission

What are the benefits of “Seaweed Farming”?

What is the news? In Budget 2021, the Finance Minister has proposed to set up a multi-purpose seaweed park in Tamil Nadu. It will be a part of the Seaweed Farming promotion in India. What is Seaweed? It is the name given to the many species of marine algae and plants.  These species grow in… Continue reading What are the benefits of “Seaweed Farming”?