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<p style="text-align:justify"><em>The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.</em></p>
<p style="text-align:justify">The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows the inherent strengths of the Indian economy. The economy is expected to contract by 7.7 per cent implying a COVID-19 induced loss of Rs 9.61 lakh crore in real terms for the year. Nominal GDP is expected to contract by 4.2 per cent. The figures continue to have a considerable band of uncertainty as data challenges remain.</p>
<p style="text-align:justify">The demand side, however, continues to be in a soft spot with private consumption falling by 9.5 per cent and its share in the overall GDP reducing by full 100 basis points. Per capita private consumption has contracted by 10.4 per cent, while capital formation has contracted by 14.5 per cent, with imports and exports also contracting. Only government consumption remains in positive territory.</p>
<p style="text-align:justify">The deep contraction in manufacturing (9.3 per cent), construction (12.6 per cent) and trade, hotels (21.4 per cent) are the main pain spots. The estimated losses in these three sectors account for 93.5 per cent of the total loss for the whole year. With high employment intensity, the task of rehabilitating displaced business in these sectors will be a long-drawn battle. The financial sector has somehow weathered the storm and the value added by the sector has registered a nominal growth of 1.4 per cent.</p>
<p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/the-union-budget-should-focus-on-enhancing-credit-flows-to-the-small-and-marginal-farmers-increase-investment-in-health-and-education-7145251/">click here</a> to read more.</p>
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LATEST NEWS UPDATES | The fiscal situation will not stabilise in 2020-21 unless consumption improves -Soumya Kanti Ghosh and Tapas Parida </title>
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The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.
The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows..."/>
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The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.
The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows..." />
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<a href="https://im4change.in/latest-news-updates/the-fiscal-situation-will-not-stabilise-in-2020-21-unless-consumption-improves-soumya-kanti-ghosh-and-tapas-parida.html" target="_blank">The fiscal situation will not stabilise in 2020-21 unless consumption improves -Soumya Kanti Ghosh and Tapas Parida</a>
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<br><small>January 14, 2021</small>
<p style="padding-top: 6px;">-The Indian Express
The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.
The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows the inherent strengths of the...</p>
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<br><small>January 14, 2021</small>
<p style="padding-top: 6px;">-The Indian Express
Section 5 of the Special Marriage Act, the legislation that allows solemnisation of marriages irrespective of the religion of the couple, requires parties to give a 30-day public notice of their intention to marry.
In a judgment removing hindrances to inter-faith marriages, and likely...</p>
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<br><small>January 14, 2021</small>
<p style="padding-top: 6px;">-The Indian Express
The US Department of Agriculture (USDA) on Tuesday upped its forecast of Indian wheat exports for 2020-21 (July-June) to 1.8 million tonnes (mt), as against its earlier estimate of one mt. That would be the highest ever in the last six years
After rice,...</p>
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<br><small>January 14, 2021</small>
<p style="padding-top: 6px;">-Review of Agrarian Studies
In 2019, the National Statistical Office undertook India’s first-ever national time-use survey, the results of which have recently been published (GoI 2020). Time Use in India 2019 (henceforth, TUS19) provides information on time spent by men and women in rural and urban...</p>
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<br><small>January 13, 2021</small>
<p style="padding-top: 6px;">-The Hindu
MANGALURU: Minister for Rural Development and Panchayat Raj K.S. Eshwarappa said on Tuesday that the Union government has promised to sanction 50 additional mandays for the State to implement Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme.
Speaking to presspersons in Udupi, the Minister...</p>
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LATEST NEWS UPDATES | The fiscal situation will not stabilise in 2020-21 unless consumption improves -Soumya Kanti Ghosh and Tapas Parida </title>
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The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.
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The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.
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<a href="https://im4change.in/latest-news-updates/the-fiscal-situation-will-not-stabilise-in-2020-21-unless-consumption-improves-soumya-kanti-ghosh-and-tapas-parida.html" target="_blank">The fiscal situation will not stabilise in 2020-21 unless consumption improves -Soumya Kanti Ghosh and Tapas Parida</a>
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<br><small>January 14, 2021</small>
<p style="padding-top: 6px;">-The Indian Express
The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.
The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows the inherent strengths of the...</p>
<a href="https://im4change.in/latest-news-updates/the-fiscal-situation-will-not-stabilise-in-2020-21-unless-consumption-improves-soumya-kanti-ghosh-and-tapas-parida.html"
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<br><small>January 14, 2021</small>
<p style="padding-top: 6px;">-The Indian Express
Section 5 of the Special Marriage Act, the legislation that allows solemnisation of marriages irrespective of the religion of the couple, requires parties to give a 30-day public notice of their intention to marry.
In a judgment removing hindrances to inter-faith marriages, and likely...</p>
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<br><small>January 14, 2021</small>
<p style="padding-top: 6px;">-The Indian Express
The US Department of Agriculture (USDA) on Tuesday upped its forecast of Indian wheat exports for 2020-21 (July-June) to 1.8 million tonnes (mt), as against its earlier estimate of one mt. That would be the highest ever in the last six years
After rice,...</p>
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<br><small>January 14, 2021</small>
<p style="padding-top: 6px;">-Review of Agrarian Studies
In 2019, the National Statistical Office undertook India’s first-ever national time-use survey, the results of which have recently been published (GoI 2020). Time Use in India 2019 (henceforth, TUS19) provides information on time spent by men and women in rural and urban...</p>
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<br><small>January 13, 2021</small>
<p style="padding-top: 6px;">-The Hindu
MANGALURU: Minister for Rural Development and Panchayat Raj K.S. Eshwarappa said on Tuesday that the Union government has promised to sanction 50 additional mandays for the State to implement Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme.
Speaking to presspersons in Udupi, the Minister...</p>
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LATEST NEWS UPDATES | The fiscal situation will not stabilise in 2020-21 unless consumption improves -Soumya Kanti Ghosh and Tapas Parida </title>
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The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.
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<a href="https://im4change.in/latest-news-updates/the-fiscal-situation-will-not-stabilise-in-2020-21-unless-consumption-improves-soumya-kanti-ghosh-and-tapas-parida.html" target="_blank">The fiscal situation will not stabilise in 2020-21 unless consumption improves -Soumya Kanti Ghosh and Tapas Parida</a>
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<br><small>January 14, 2021</small>
<p style="padding-top: 6px;">-The Indian Express
The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.
The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows the inherent strengths of the...</p>
<a href="https://im4change.in/latest-news-updates/the-fiscal-situation-will-not-stabilise-in-2020-21-unless-consumption-improves-soumya-kanti-ghosh-and-tapas-parida.html"
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<br><small>January 14, 2021</small>
<p style="padding-top: 6px;">-The Indian Express
Section 5 of the Special Marriage Act, the legislation that allows solemnisation of marriages irrespective of the religion of the couple, requires parties to give a 30-day public notice of their intention to marry.
In a judgment removing hindrances to inter-faith marriages, and likely...</p>
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<br><small>January 14, 2021</small>
<p style="padding-top: 6px;">-The Indian Express
The US Department of Agriculture (USDA) on Tuesday upped its forecast of Indian wheat exports for 2020-21 (July-June) to 1.8 million tonnes (mt), as against its earlier estimate of one mt. That would be the highest ever in the last six years
After rice,...</p>
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<br><small>January 14, 2021</small>
<p style="padding-top: 6px;">-Review of Agrarian Studies
In 2019, the National Statistical Office undertook India’s first-ever national time-use survey, the results of which have recently been published (GoI 2020). Time Use in India 2019 (henceforth, TUS19) provides information on time spent by men and women in rural and urban...</p>
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<br><small>January 13, 2021</small>
<p style="padding-top: 6px;">-The Hindu
MANGALURU: Minister for Rural Development and Panchayat Raj K.S. Eshwarappa said on Tuesday that the Union government has promised to sanction 50 additional mandays for the State to implement Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme.
Speaking to presspersons in Udupi, the Minister...</p>
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LATEST NEWS UPDATES | The fiscal situation will not stabilise in 2020-21 unless consumption improves -Soumya Kanti Ghosh and Tapas Parida
-The Indian Express
The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.
The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows the inherent strengths of the...
-The Indian Express
Section 5 of the Special Marriage Act, the legislation that allows solemnisation of marriages irrespective of the religion of the couple, requires parties to give a 30-day public notice of their intention to marry.
In a judgment removing hindrances to inter-faith marriages, and likely...
-The Indian Express
The US Department of Agriculture (USDA) on Tuesday upped its forecast of Indian wheat exports for 2020-21 (July-June) to 1.8 million tonnes (mt), as against its earlier estimate of one mt. That would be the highest ever in the last six years
After rice,...
-Review of Agrarian Studies
In 2019, the National Statistical Office undertook India’s first-ever national time-use survey, the results of which have recently been published (GoI 2020). Time Use in India 2019 (henceforth, TUS19) provides information on time spent by men and women in rural and urban...
-The Hindu
MANGALURU: Minister for Rural Development and Panchayat Raj K.S. Eshwarappa said on Tuesday that the Union government has promised to sanction 50 additional mandays for the State to implement Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme.
Speaking to presspersons in Udupi, the Minister...
