Page 53 - Latest Updates on Nirmala Sitharaman
Budget 2021: All eyes will be on the package FM unveils for state-run banks
A status check on the consolidation of four sets of state-run banks offers clues to the hard decisions that are needed, write Abhijit Lele and Raghu Mohan
 "Budget 2021: All eyes will be on the package FM unveils for state-run banks")
Fiscal activism
Govt should tread carefully on this path
 "Fiscal activism")
LIVE: India's active Covid cases below 168,000, TN to partly reopen schools
Prime Minister's annual radio speech coincides protests against three agriculture laws enacted in September.
 "LIVE: India's active Covid cases below 168,000, TN to partly reopen schools")
CEA Subramanian pitches for private sector led bad bank to deal with NPAs
Subramanian made a case for setting up of a bad bank led by pvt sector to deal with financial sector NPAs which may see a surge once regulatory forbearance to deal with Covid impact is withdrawn
 "CEA Subramanian pitches for private sector led bad bank to deal with NPAs")
Why grand policy statements in this 'never-before' like Budget are unlikely
In a CII event last year, Sitharaman said this time she shall offer a 'never before' like budget
 "Why grand policy statements in this 'never-before' like Budget are unlikely")
Best of BS Opinion: Budget for the victims, the Wall Street game, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Budget for the victims, the Wall Street game, and more")
Eco Survey suggests end to forbearance, another asset quality review round
Severely criticises RBI for not being able to unearth full extent of bad debt mess in banks in previous AQR round
 "Eco Survey suggests end to forbearance, another asset quality review round")
Economic survey 2020-21: Promise of a counter cyclical fiscal stance
While this will mean material deviation from the FRBM road map, we feel that a decisive and credible stance on near-term fiscal deficit and FRBM targets is the need of the hour
Budget for the victims: Some silent crises for Ms Sitharaman to address
A consumption boost through continued pay-outs for another year to those at the bottom of the pyramid, and still more money for the employee guarantee scheme should be in order, writes T N Ninan
Economy to witness 'V-shaped' rebound with 11% growth in FY22: Eco Survey
The rebound will follow an estimated 7.7 per cent contraction in the Gross Domestic Product (GDP) in the current financial year ending March 31
 "Economy to witness 'V-shaped' rebound with 11% growth in FY22: Eco Survey")
LIVE: India took 'short-term pain' for long-term economic gain, says CEA
BUDGET SESSION 2021 LIVE UPDATES: Finance Minister Nirmala Sitharaman tabled Economic Survey today. Stay tuned for LIVE updates on Budget session of the Parliament
 "LIVE: India took 'short-term pain' for long-term economic gain, says CEA")
Calibrated response to Covid leaves room for more fiscal measures: Survey
Government of India and Reserve Bank of India (RBI) together announced a total stimulus worth Rs 29.87 trillion, which is 15 per cent of national GDP, the Survey said
 "Calibrated response to Covid leaves room for more fiscal measures: Survey")
Economic Survey: Case for Budget to bring more sectors under PLI scheme
The govt's PLI scheme can aid job creation, according to the Survey, which has laid out 10 ideas towards achieving and sustaining a higher growth rate
 "Economic Survey: Case for Budget to bring more sectors under PLI scheme")
GDP growth, fiscal deficit: Economic Survey nos in line with expectations
India's economy, as per the Economic Survey, could contract 7.7 per cent in FY21, pulled down mainly by the Covid-19 pandemic and the ensuing nationwide lockdown to contain the spread of the disease
 "GDP growth, fiscal deficit: Economic Survey nos in line with expectations")
Full text of the Economic Survey 2020-21: Download volume-I and II here
The Economic Survey 2020-21, authored by CEO K Subramanian, has pegged India's GDP contraction in FY21 at 7.7 per cent, and real GDP growth in FY22 at 11%. Hefre are both volumes of the document
FM gave four-five mini-budgets in 2020, upcoming will be part of it: Modi
Keeping in mind this decade, there should be discussions and presentation of different views this session, he said
 "FM gave four-five mini-budgets in 2020, upcoming will be part of it: Modi")
BPCL, IRCTC: 5 PSU stocks to include in your portfolio ahead of Budget 2021
PSU stocks like IRCTC, BPCL, RCF, and RITES have not seen aggressive selling pressure. A small recovery may see a strong bullishness going forward
 "BPCL, IRCTC: 5 PSU stocks to include in your portfolio ahead of Budget 2021")
From tax exemptions to jobs, here's what Indians expect from Budget 2021
The new findings were revealed in an online survey conducted by YouGov in which 1,015 people participated
 "From tax exemptions to jobs, here's what Indians expect from Budget 2021")
Past failures on spending targets dampen India's 2021 budget hopes
While increasing public expenditure is key to revive the economy from the pandemic-induced slump, falling tax revenues mean Sitharaman will have thin resources
 "Past failures on spending targets dampen India's 2021 budget hopes")
Beyond Budget Headlines: What the key elements of FM's speech mean to us
Given that the FM has already said that this will be extraordinary Budget, all eyes will be on how she allocates the resources to the most pressing needs of the present time
 "Beyond Budget Headlines: What the key elements of FM's speech mean to us")
