While tabling her fourth Budget in Parliament yesterday, Union Finance Minister Nirmala Sitharaman claimed that it would not only steer the economy through the ongoing downturn, but also lay the foundation for the next 25 years. With the economy still in the grips of a pandemic, examine what this Budget might mean for the country. Ending an almost four-month long suspense on who would succeed Krishnamurthy Subramanian as the next Chief Economic Adviser, the government appointed V Anantha Nageswaran to the post three days before the Union Budget, and two days before the economic survey -- which he couldn’t write. We dig into the life of this well-known commentator on topical economic developments and also look at his views on various issues to gauge his economic thoughts. The markets gave a thumbs up to the budget.
In an exclusive interview with Business Standard’s Punit Wadhwa, market veteran and Vice-Chairman and Joint Managing Director at First Global, Shankar Sharma, shared his views on this year’s Budget. Every year, the Union Budget is finalised after getting inputs from all the central ministries and departments. The estimates provided by them for the spending to be incurred in the upcoming financial year for various schemes are part of the Budget, which is then passed by the house. This estimate for expenditures tabled as part of the budget is called Demand for Grants. Take a look at this document and more in this episode of the podcast.
Watch video
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU