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LATEST NEWS UPDATES | Is the Budget’s infrastructure push green? -S Gopikrishna Warrier

Is the Budget’s infrastructure push green? -S Gopikrishna Warrier

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published Published on Feb 5, 2021   modified Modified on Feb 8, 2021

-MongabayIndia.com

* The main focus of the Union Budget for 2021-22 is on infrastructure development-led growth.
* This is expected to create a demand in the economy and thereby help it recover after the pandemic crisis.
* This commentary explores whether the thrust on infrastructure development will lead to adverse environmental consequences.
* The views expressed in this commentary are that of the author.

Investment in infrastructure is the most important focus area in the Union Budget 2021-2022 unveiled by Finance Minister Nirmala Sitharaman on February 1, and it is for this reason that it becomes important for the environment. The budget does talk about health care, but that is more as a response to the COVID-19 pandemic rather than as an expression of government policy.

“This budget comes at a time when all of us desire to give a greater impetus to the economy,” stated the finance minister in her post-speech press conference. “And that impetus we thought would be qualitatively spent and [would] give the necessary demand push if we choose to spend big on infrastructure. That is why if there are two important features of this budget, we chose to spend big on infrastructure, which pans across roads, bridges, ports, power generation and so on. And also as a second feature, attend to the needs of the health sector.”

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MongabayIndia.com, 5 February, 2021, https://india.mongabay.com/2021/02/commentary-is-the-budgets-infrastructure-push-green/?utm_medium=Social&utm_source=Twitter&fbclid=IwAR0eKb5sq5ajTHsdDUBObaQ8N5G2su9R5QPcMv3yZWywSrAcQhStWNU7yrw#Echobox=1612507403


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