This time the budget is going to be special amidst the coronavirus epidemic. From the industry to the common people, this time budget has special expectations. The industry is hoping that the industry can be relieved in this time budget. Government spending can be increased to promote tax rebates and infrastructure projects.
Although the government has already announced a financial package to deal with the coronavirus epidemic. But apart from all this, in this time budget, the government’s emphasis will be on the healthcare sector.
Health care sector may get special benefit in this budget
Finance Minister Nirmala Sitharaman said in a CIA program that this time the government will give more emphasis to the healthcare sector. With this, the government has said that livelihood will be given special attention in this budget.
Finance Minister Nirmala Sitharaman said that we also want to pursue infrastructure projects related to the healthcare sector. For information, let us know that large quantities of products related to the health care sector are imported from China and Vietnam in India. To reduce the country’s financial deficit, the country needs to be self-sufficient in the healthcare sector. In view of this, the government can make all the provisions related to the healthcare sector in the budget.
This time when the coronavirus epidemic came, the country felt the need to become self-sufficient in the healthcare sector. And the government has also decided to pay attention to this. The health care sector can also be exempted from tax. At the same time, the government may impose anti-dumping duties on those health care products that are imported from outside countries.
Apart from this, the government may announce the opening of new government medical colleges to meet the shortage of doctors. Which also includes the College of All India Medical Science. Apart from this, special announcements can also be made by the government for frontline health care workers. Also, the private sector can be given special initiatives for investing in the healthcare sector.
Talking about the budget, Finance Minister Nirmala Sitharaman said that our emphasis will also be on tele-medicine. At the same time the capacity of the presently existing government hospitals can be increased. Special announcements can be made in the budget for this.
Government’s emphasis will also be on employment in the budget
This time the budget is going to be a focus on employment. Currently unemployment is at its peak in the country. According to a report in the BBC, unemployment has broken all records so far. Unemployment has reached above 10% in the country at this time. Which is also a challenge for the government. In such a situation, the government can give a boost to employment promoting industries through this budget.
According to a report published in the BBC, at this time the unemployment rate in India has reached above 10%. The government can promote industries that provide employment in large numbers. Talking about employment, Finance Minister Nirmala Sitharaman said that we are going to promote those industries which generate more employment in the country.
According to a CII data, 20 million people in the country have lost their jobs due to the corona virus epidemic. At the same time, the workers present are also getting less their salary. In view of all this, the government may make some special announcements in the budget to bring employment back on track.
Finance Minister, will focus on skill development in the budget
Finance Minister Nirmala Sitharaman said that we have an army of youth available. A large number of youth are present in the country at this time. Which on one side opens the doors of possibilities for us. On the other hand, providing employment to the youth is also a challenge. Which the government accepts.
Finance Minister Nirmala Sitharaman said that we are going to give special attention to skill development in Budget 2021. We have already provided skill development to a large number of people. And has run skill development programs to improve people’s skills.
But maybe the skill that we have provided earlier, the skill has not been effective due to Corona virus. Finance Minister Nirmala Sitharaman said that the skill that can get you employment in 2020 is not necessarily the same skill that can provide you employment in 2021. In such a situation, we will have new skill development programs for youth in 2021 for new possibilities. We are going to give special attention to the budget on skill development.
It will be interesting to see what new provisions the Finance Minister Nirmala Sitharaman makes in the budget to provide new jobs to the youth?
There is a huge shortage of demand in the country at this time. In such a situation, it is necessary to provide employment to the people to boost demand. So that people can start earning. And they could buy goods from the market. With this, the economy will rise once again.
Government can make announcements for farmers in the budget
Due to new agrarian reform laws, farmers in the country have been demonstrating continuously for the last 24 days. So far no consensus has been formed between the government and the farmers regarding the new agrarian reform laws. In such a situation, there will be pressure on the government to make special announcements regarding the agriculture sector in this budget. In such a situation, it will be interesting to see what the government does not announce for agriculture.
Let us tell you for the information that at this time farmers are protesting all around Delhi. Farmers say that due to new agrarian reform laws, farmers will come on the road. And there will be a crisis of livelihood for them. At the same time, the government says that the new agricultural reform law is a new silver lining for the farmers. In such a situation, it will be interesting to see what the government is able to announce in the budget to convince the farmers.
Let us tell you for information that despite the corona virus epidemic, agriculture was the only area where positive growth rate was seen.