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LATEST NEWS UPDATES | Budget 2021 fails to give priority to boosting jobs -Ashwini Deshpande

Budget 2021 fails to give priority to boosting jobs -Ashwini Deshpande

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published Published on Feb 2, 2021   modified Modified on Feb 2, 2021

-The Indian Express

The budget should have shown how serious it was about inclusive growth by announcing direct cash support to informal workers, circular migrants, agricultural labour, in addition to steady in-kind food transfers from the overflowing coffers of the FCI by making PDS universal.

India’s annual budget, announced amidst much anticipation, focused on health as one of its key pillars. The fact that health and “inclusive growth” found their way into the buzzwords of the central government’s main statement-of-intent exercise reveals the enormity of the unprecedented economic and health crisis precipitated by COVID-19.

Is it a “good” budget? The stock market is certainly buoyant as the dreaded “COVID Cess” or a “Billionaire/Wealth Tax” did not materialise; in fact, there are no major tax changes, other than simplification in the direct tax regime. Additionally, there is a reiteration of the privatisation goal, always music to the stock market’s ears.

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The Indian Express, 2 February, 2021, https://indianexpress.com/article/opinion/columns/india-budget-2021-msme-sector-covid-19-impact-economy-nirmala-sitharaman-7170475/


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