Chennai : Ahead of the assembly elections likely in April, the AIADMK government in Tamil Nadu on Tuesday presented an interim budget for 2021-22 with the COVID-19 pandemic contributing to a 17.64 per cent fall in revenue and a widening of fiscal deficit. The budget, presented amid a boycott by DMK and its allies, projected a positive growth rate of 2.02 per cent in 2020-21 as it expressed hopes of the economy rebounding due to various sustainable policy decisions of the government. Amid expectations of sops with elections around the corner, Deputy Chief Minister O Panneerselvam, who holds the Finance portfolio, allocated Rs 5,000 crore for the Rs 12,110.74 crore co-operative crop loan waiver scheme, announced earlier this month by Chief Minister K Palaniswami. He also urged the Centre not to utilise the 15th Finance Commission recommended grants to substitute their share of funding for the central sector and centrally-sponsored schemes. "I reiterate my call to the ... » Learn More about Revenue plunges, fiscal deficit zooms: AIADMK govt presents interim budget ahead of Tamil Nadu assembly election
Budget healthcare
Union Budget 2021 | A Budget to boost economic recovery: IIFL’s Nirmal Jain
We should thank our Finance Minister and congratulate every Indian for this excellent Budget, as it is good for everyone and a step in the right direction. The best part of the budget is that there is no taxation announcement like COVID-tax, long-term capital gains tax, or wealth tax as was expected by the market. On the Finance Minister’s part, I would say this was a masterstroke as she ensured that the sentiment is not affected as it is essential to raise money for disinvestment as well as for privatisation. There were important announcements on the infrastructure front like establishment of a Development Finance Institution (DFI) to boost long-term financing for the country’s infrastructure sector, allow Foreign Portfolio Investors to debt finance REITs and InvITs after necessary amendments to the law. Budget has allocated ₹20,000 crore for the DFI, with an ambition for the lender to have a portfolio of ₹5 lakh crore within three years’ time. Another positive news is the ... » Learn More about Union Budget 2021 | A Budget to boost economic recovery: IIFL’s Nirmal Jain
21% Indians to take Covid vax at pvt hospitals
hospitals , a survey has revealed. In the upcoming round, citizens above 60 years of age, and people above 45 years of age with co-morbidities will be eligible for the vaccination. Meanwhile, the cumulative number of coronavirus vaccine doses administered to healthcare and frontline workers has crossed 1.42 crore in the country. The government has decided to allow close to 24,000 private hospitals across the country to start inoculation of Covishield and Covaxin vaccines in the next round of vaccination programme come March 1. It is likely to be priced at Rs 250 per dose. Government hospitals will continue the vaccination at no cost to citizens. Taking cognisance of recent development of permitting private hospitals to vaccinate senior citizens aged over 60 and those with co-morbidities aged over 45, 'LocalCircles' conducted a survey to understand the percentage of people that would prefer getting the vaccine at a private hospital on payment basis and what is the ... » Learn More about 21% Indians to take Covid vax at pvt hospitals
Borrowings by Tamil Nadu govt well within limits, says state’s Finance Secy S Krishnan
Chennai : Borrowings by the Tamil Nadu government were well within limits prescribed by the Finance Commission, state Finance Secretary S Krishnan said on Tuesday. Addressing the post-budget press conference, he also said Tamil Nadu's share of taxes on petroleum products has fallen since the introduction of cess by the Centre. Amid Opposition criticism of the state's overall estimated debt of Rs 5.70 lakh crore with the government intending to borrow Rs 84,686 crore, the official said it was within the 15th Finance Commission limits, unlike some states which have raised more funds 'breaching' the ceiling. Krishnan said the Centre has allowed states to borrow up to 5 per cent of their gross state domestic product (GSDP) as against the earlier 3 per cent limit in view of the COVID-19 pandemic. "The increase in the borrowings was in the wake of the pandemic. However for 2021-22, it has been revised to 4 per cent (of GSDP)", he said. "What one has to see here is -- ... » Learn More about Borrowings by Tamil Nadu govt well within limits, says state’s Finance Secy S Krishnan
India exits recession, economy returns to growth in Dec quarter
India's economy returned to growth in the December quarter, ending a recession induced by two successive quarters of economic contraction, and the recovery, which the the government termed as 'V' shaped, is expected to gather pace. The Gross Domestic Product (GDP) grew 0.4 per cent in the October-December 2020 period compared with the same period a year back, data released by the National Statistics Office on Friday showed. This growth compares with revised contractions of 24.4 per cent in April-June 2020 and 7.3 per cent in July-September. GDP had expanded by 3.3 per cent in October-December 2019. While India has become one of the few major economies to post growth in the last quarter of 2020, the annual GDP estimate for the fiscal year ending March 31 has been revised to an 8 per cent contraction, deeper than an earlier estimate of (-) 7.7 per cent. China's economy grew by 6.5 per cent in October-December 2020, faster than the 4.9 per cent growth in July-September ... » Learn More about India exits recession, economy returns to growth in Dec quarter
B2B ecommerce- Unlocking the potential of thousands of MSMEs in India
By Peter George Bengaluru based Vishwanathan Ramakrishnan, along with his childhood friend Karthik Lakshaman, wanted to make learning experience for children fun by creating unique products in the education technology space. That is how start-up Magic Crate was conceived but building a suite of creative products for children with limited funds meant several amenities had to be procured at an economical cost. This is where ecommerce as an e-procurement platform stepped in, helping them realise their dreams by offering an optimal blend of opportunity, quality and cost and streamlining the complete procurement process for them. The story of Magic Crate is just one of many MSMEs that have a huge growth potential in India. Backbone of India’s economy - MSMEs: In focus now Contributing over 29% of India's GDP, over 90 lakhs-plus registered MSMEs employ nearly 11 crore people in the country(1|2). Since these enterprises contribute to 48% of the country’s exports, there is a ... » Learn More about B2B ecommerce- Unlocking the potential of thousands of MSMEs in India
Covid-19: India’s active caseload falls below 1.5 lakh; no fresh deaths in 21 states, UTs
India's tally of active Covid-19 cases fell below the 1.5-lakh mark on Tuesday and was pegged at 1,47,306, comprising 1.34 per cent of the total caseload, the Union health ministry said, highlighting 21 states and UTs have not reported fresh fatalities in a 24-hour-period. A total of 10,584 new infections and 13,255 recoveries were recorded in a span of 24 hours, leading to a net decline of 2,749 cases in the total active caseload, it said. India's daily positivity rate remains below three per cent, the ministry noted. The country reported 78 new Covid-19 fatalities on Tuesday, the health ministry said, as it underlined that a steady decline is being observed in the number of daily new deaths. It added that 21 states and Union territories have not reported any fresh Covid-19 deaths in a span of 24 hours. These are Madhya Pradesh, Assam , Rajasthan, Haryana, Jammu and Kashmir, Odisha, Andhra Pradesh, Goa, Himachal Pradesh, Puducherry , Lakshadweep, Manipur, Sikkim, ... » Learn More about Covid-19: India’s active caseload falls below 1.5 lakh; no fresh deaths in 21 states, UTs
All you need to know about vaccination
The vaccination drive will begin from next month at 24 hospitals in BBMP limits and five in Bengaluru Urban limits. In the initial few days, vaccination will be done only for the those beneficiaries who are registered online in urban and private facilities and both on-site and online in rural areas. Moving forward, the state will scale up the vaccination for other mode of registration also and ramp up the number of facilities. The eligible beneficiaries are all those above 60 years of age and those within the age bracket of 45 to 59 years with specified co-morbidities. Registration will be through three routes: Beneficiaries will be able to self-register in advance by downloading the COWin 2.0 portal and through other IT Applications such as Arogya Setu etc. What ID you must carry Aadhar Card Electoral Photo Identity Card (EPIC) The Photo ID card specified at the time of registration in case of online registration (if not Aadhar or EPIC) ... » Learn More about All you need to know about vaccination
Centre committed to strengthen connectivity, bring development in north-east region: Harsh Vardhan
For Quick Alerts Subscribe Now 'Regret not learning Tamil': PM Modi on Mann Ki Baat View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #Harsh Vardhan Dr Harsh Vardhan should say he is not endorsing Patanjali's Coronil, says Indian Medical Association #Harsh Vardhan IMA ''shocked'' over Patanjali’s claim on Coronil; demands explanation from Harsh Vardhan #Harsh Vardhan Harsh Vardhan appeals to healthcare, frontline workers to get vaccinated against COVID #Harsh Vardhan India stands on threshold of vaccinating each and every Indian against COVID-19: Vardhan #Harsh Vardhan About 18-19 vaccine candidates against COVID-19 in pipeline: Harsh Vardhan #Harsh Vardhan Vardhan shares pic of Covaxin vial after Chhattisgarh govt alleges expiry date missing Just In 7 min ago 'Regret not learning Tamil': PM Modi on Mann Ki Baat 26 min ago ... » Learn More about Centre committed to strengthen connectivity, bring development in north-east region: Harsh Vardhan
Corona vaccine price fixed at Rs 250 per dose in private hospitals
For Quick Alerts Subscribe Now India - 11,079,979 | World - 113,976,268 View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #Corona Vaccine Second phase of vaccination drive: Gujarat allows paid shots #Corona Vaccine Coronavirus cases: India reports 16,488 new COVID-19 cases, 113 deaths in past 24 hours #Corona Vaccine We are together in this: PM Modi tells WHO chief #Corona Vaccine Welcome move, but India has not beaten us in vaccine diplomacy: China #Corona Vaccine 8-phase polls in WB: 3 ex-CECs say EC's decision must have been based on law and order situation assessment #Corona Vaccine Bharat Biotech signs pact to supply 20 mn doses of Covaxin to Brazil Just In 4 min ago Centre committed to strengthen connectivity, bring development in north-east region: Harsh Vardhan 29 min ago Rajasthan: Gehlot, Pilot put up united ... » Learn More about Corona vaccine price fixed at Rs 250 per dose in private hospitals