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Business Today

Business Today 21-Feb-21

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A leading business magazine read by the business leaders for staying ahead and managing challenges that comes right away in the ever changing world of business.

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Country:
India
Language:
English
Publisher:
Living Media India Limited
Frequency:
Biweekly
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26 Issues

in this issue

4 min.
tamil nadu: land of unlimited opportunities

ACCELERATING GROWTH Established in 1992, 'Guidance' is the Government of Tamil Nadu's nodal agency for investment promotion and single window facilitation. The aim is to promote Tamil Nadu as the most preferred investment destination by reaching out, helping and improving the ease & cost of doing business. The team of sector, policy, and country experts provides round the clock counsel and support to the investor during the entire investment cycle. They also bring together industry, community partners and various government departments under one roof to: 1) Assist in the industrial approvals 2) Single Window Clearance 3) Location Assessment 4) Investor helpdesk (Biz Buddy) 5) Expansion Support 6) Policy Formulation 7) Soft Services support Biz Buddy Portal The Biz Buddy portal, a dedicated industrial help desk was launched by the Hon'ble Chief Minister in November 2019 to solve issues faced by…

3 min.
shedding baggage

Unusual times call for unusual measures. At a time when resilience of Democracies is being tested from Washington to New Delhi; spirit of Globalisation is being tested from UK to Europe & China to the US, and even fundamentals of Economics are being tested in pocket-busting stimulus measures by governments around the world, Finance Minister Nirmala Sitharaman has shed old baggage and broken new grounds. Budget 2021 has re-imagined both spending and borrowing and reposed faith in large-scale infrastructure building and healthcare as well as bold disinvestment to trigger economic growth and consumption cycle in the economy. That’s just what the doctor ordered. For the past four years, despite a rapidly decelerating economy, a defiant government stayed the course on supply side economics. Pumping liquidity, announcing reforms, goading private sector to…

1 min.
borrow & build

FISCAL DEFICIT PEGGED AT 9.5% OF GDP IN FY21 This is the highest level since at least 1991 Fiscal Deficit (%) 2020-21 - Revised Estimates; 2021-22 - Budget Estimates RECEIPTS SET TO FALL A BIT Projected to be 1.6% less than FY21 revised estimates Central Government Receipts (₹lakh cr) MARGINAL RISE IN BUDGET EXPENDITURE Just 0.98% up from FY21 revised number Central Government Expenditure (₹lakh cr) RISE IN TAX BUOYANCY Tax Receipts to Rise to 9.9% of GDP Tax Receipts (% of GDP) MGNREGA GETS MOST FUNDS AMONG SCHEMES… …Jal Jeevan sees the steepest rise Allocation to major schemes (Rs Cr) HEALTH BUDGET UP SHARP 137% Centre plans to spend an estimated ₹2.23 lakh crore on public health Expenditure on Health (% of GDP) DEFENCE GETS THE MOST FUNDS AMONG MINISTRIES Major Allocations - FY22 (Rs Cr) 4,78,196 Defence 2,56,948 Consumer Affairs, Food and Public Distribution 1,31,531 Agriculture and Farmers' Welfare 73,932 Health and Family Welfare 1,66,547 Home Affairs 1,18,101 Transport and…

1 min.
government expects full recovery in h2…

PFCE is private final consumption expenditure; GFCE is government final consumption expenditure; GFCF is gross fixed capital formation; GCF is gross capital formation; source: MOSPI, CMIE ↘ India’s real gross domestic product (GDP) will contract 7.7 per cent in FY21, according to First Advance Estimates of National Income released by the government ↘ The government has projected that it will lead economic recovery in second half of FY21 by increasing its final consumption expenditure by 17 per cent…

4 min.
formidable brahmos:a shining role model towards self-reliance in defence technology

Dr. Sudhir Kumar Mishra DG (BrahMos), DRDO and CEO & MD BrahMos It was a jubilant moment for your team when the world's fastest cruise missile BrahMos built in JV with Russia was test fired successfully. What does that mean to you as CEO & MD of the project? BRAHMOS, the fastest operational cruise missile existing in the world today, has charted many milestones since its inception. BRAHMOS has evolved over the years and added many more mighty variants, all precisely hitting the targets either on land or at sea with high lethal effect. Success of BRAH MOS is attributed to thousands of talented individuals from DRDO, NPOM, BrahMos, industries and armed forces. I feel truly blessed and humbled when I associate myself with such a highly coveted military project of India and…

7 min.
the great reset

The BSE Sensex, the 30-stock bellwether index of the Bombay Stock Exchange, zoomed 2,315 points — rising 5 per cent — on the day Finance Minister Nirmala Sitharaman presented Union Budget 2021/22. The buoyancy continued the next day too, indicating that the fine print also looked good to investors. “Uncluttered and smart,” is how Mumbai-based broking firm Anand Rathi described the Budget It has been quite some time since a Union Budget received such a resounding approval. In addition to markets, economists, corporates, bankers and experts tracking the Indian economy have responded positively to the budgetary proposals. Some are very enthusiastic, others are not, but very few are complaining about the prescriptions Sitharaman has for reviving the pandemic-hit Indian economy. It is not about any magical change in overall numbers as the…