Budget 2021: Government Will Have To Increase Demand For Employment To Improve The Economy, Know Suggestions - Newztezz Online- Latest News Today, Breaking News, Top News Headlines, Latest Sports News


Monday, January 25, 2021

Budget 2021: Government Will Have To Increase Demand For Employment To Improve The Economy, Know Suggestions

New Delhi: 
 After Battling The Corona Virus Infection Period, The Indian Government Is Going To Present The First Budget In Parliament On February 1. The Budget Session Is Going To Start From January 29, Due To Which Everyone Has Great Expectations About What New Government Will Announce For Them.

There Is A Lot Of Talk Of Employment In The Country These Days, Which The Government Would Like To Take Seriously. That Is Why It Is Believed That The Central Government Can Make Some Big Announcement In The Budget In Terms Of Employment. A Report By India Ratings On The Suggestions For The Budget Said That Since The Impact Of The Epidemic Has Started, Supply-Related Problems Are Being Resolved To Boost The Economy. 

Sunil Kumar Sinha Of India Ratings Said In A Note That If The Demand Side Is Not Taken Care Of, Then How Good The Supply Side Becomes Due To The Policies Of The Government And The RBI, The Impact Of The Lack Of Sufficient Demand For Goods And Services In No Time Will See 

There Have Been Indications From Some High Frequency Indicators That Production Levels Had Reached Levels Comparable To The Time Before Corona And That The Economy Was In A Better Position Due To Festive Demand. However, Factory Output Declined In November 2020 After Showing Positive Growth For Two Consecutive Months. Citing This Example, Sinha Said That It Is Very Important To Support The Demand Side. 

- Time To Change Policies

Sinha Said That This Is The Right Time To Change Its Policies And The Government Should Address The Problems Of Supply As Well As Demand, Even If It Slows Down The Recovery Process. According To Sinha, There Is Nothing Wrong In Trying To Solve Supply-Related Problems, As It Was Necessary To Restore The Supply Chain That Was Disrupted. However, The Recovery May Be Affected Due To The Decrease In Demand.

- These Suggestions Given In The Report

Know What Suggestions Were Given In The Report

- Spending Should Be Increased On Employment-Enhancing And Short-Term Infrastructure Projects.

- Development Financial Institution Should Be Established Similar To ICICI, IDBI And IFCI.

- Economic Support To Poor Families Should Continue.

- More And More Budget Should Be Allocated For MNREGA, As It Will Not Only Provide Employment Security To The People Living In Rural Areas, But Will Also Provide Employment To The Laborers Who Went Back To The Village Due To Corona.

- Real Estate Should Be Supported More. In This Too, Especially The Affordable Housing Segment Needs More Support.

- Micro, Small And Medium Enterprises Are Facing Problems In Raising Finance. They Will Need Government Support For Better Performance In The Next Financial Year 2021-22.

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