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The coronavirus variant first identified in Britain may be more deadly than the older virus strain, British Prime Minister Boris Johnson warned on Friday. "There is some evidence that the new variant may be associated with a higher degree of mortality," Johnson said at a Downing Street news conference. … [Read more...] about BREAKING: 150 people found infected with UK variant of COVID-19 in India, says govt

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After a year that had a devastating impact on human and economic capital, India is beginning to show signs of recovery. Growth for 2020-21 is likely to be at (-)7.7%, but, RBI’s forecast for growth in the first half of 2021-22 is an optimistic 6.5% to 21.9%. The vaccine rollout has also given hope that economic activity will resume normalcy soon. With this cautious optimism, the expectations from the Budget are for stepping-up the reforms momentum to stimulate growth and build India’s resilience and competitiveness, in line with the Atmanirbhar Bharat vision. Government’s fiscal options are significantly constrained with Centre’s gross tax revenues contracting by 12.6% during the first eight months of FY21. Even non-debt capital receipts like disinvestment are far lower than budgeted. However, considering the formidable impact of the pandemic, the government will need to put fiscal consolidation on medium term path and focus on capital expenditure to turnaround … [Read more...] about Budget 2021: Why this budget should aim to up India’s resilience and competitiveness