Confusion in the crypto universe: Budget leaves many unanswered questions

What is the News? The Union Budget 2022 has made several announcements related to the cryptocurrency ecosystem. What are the announcements made by the Government related to the crypto ecosystem? Read here: Cryptocurrency tax: Budget 2022 unveils norms for virtual digital assets These announcements have granted some degree of legitimacy to the cryptocurrency. But it… Continue reading Confusion in the crypto universe: Budget leaves many unanswered questions

A bigger, not better, defence budget

News: Even as the total allocation for defence under the current budget has increased, it has fallen as a percentage of GDP. About the recent budget allocation in the defence sector The government allocated Rs 5.25 trillion to the Ministry of Defence, out of the total government outlay of Rs 39.45 trillion. This accounts for 13.31%… Continue reading A bigger, not better, defence budget

Fiscal constraints – On Capital Expenditure of Government

News: Recently released Union Budget 2022-23 has increased capital expenditure. Why increasing CAPEX is a significant step? The economy is recovering from a pandemic-induced disruption, and the private sector is not investing because of weak demand. Hence, increased capital expenditure will help in increasing growth and crowd in private investment. It will also increase medium-term… Continue reading Fiscal constraints – On Capital Expenditure of Government

Budget’s missed healthcare opportunity

News: Given the Covid pandemic it was expected that health would be the focus of the budget. But government’s focus is more on capital expenditure. Must read: Union Budget 2022-23: Highlights, tax proposals, concerns – Explained, pointwise  Why government focus on health is important? An estimated 70,000 crore have been spent on out-of-pocket expenditure by… Continue reading Budget’s missed healthcare opportunity

Cryptocurrency tax: Budget 2022 unveils norms for virtual digital assets

What is the News? In Budget 2022, the Finance Minister has announced several norms for virtual digital assets. What are the steps announced by the Finance Minister for crypto assets? Digital Rupee: Reserve Bank of India will launch a Digital Rupee – India’s version of a Central Bank Digital Currency (CBDC) by 2022-23. The CBDC will… Continue reading Cryptocurrency tax: Budget 2022 unveils norms for virtual digital assets

Health Sector in Budget 2022: Despite Covid pandemic, health no longer the highlight

What is the News? In Budget 2022, the Finance Minister has announced several initiatives for the Health Sector. But the Budget 2022-23 has not allocated much to the health sector as required despite the ongoing pandemic. What are the initiatives announced in the Health Sector in Budget 2022? Health Budget: The health sector saw a muted… Continue reading Health Sector in Budget 2022: Despite Covid pandemic, health no longer the highlight

MGNREGA: Is the govt expecting unemployment levels to change soon?

News: Recently finance minister released Union Budget 2022-23. This article discusses the regressive nature of budget in terms of social welfare. Why the budget 2022-2023 appears regressive in nature with respect to social welfare? One, last year only Rs 73,000 crore was budgeted but the allocation for MGNREGA was increased to Rs 1.11 trillion due… Continue reading MGNREGA: Is the govt expecting unemployment levels to change soon?

CENTRAL THEME OF ECONOMIC SURVEY 2021-22 IS THE “AGILE APPROACH”

What is the news? Union Minister for Finance has presented the Economic Survey 2021-22 in Parliament About Economic Survey The Economic Survey is an annual report card of the economy. The first Economic Survey was presented in the year 1950-51. From 1964, the practice to release the survey a day before the Union Budget began.… Continue reading CENTRAL THEME OF ECONOMIC SURVEY 2021-22 IS THE “AGILE APPROACH”

A hazy picture on employment in India

News: This article says that the employment data in India is not consistent and does not show a clear pattern. The two important indicators of structural transformation in any economy are rates of growth and changes in the structural composition of output and the workforce. India has experienced fairly consistent changes in the first indicator,… Continue reading A hazy picture on employment in India

India, with lunar odyssey planned this year, is among many looking moonward

What is the News? Moon will be the focus of multiple missions through 2022 and the following decade. The moon will also be the test-bed for technologies that enable exploration of Mars and the establishment of space colonies. What are the various missions being planned on the Moon by different countries? NASA: It has a… Continue reading India, with lunar odyssey planned this year, is among many looking moonward