Union Budget lacks roadmap to accelerate growth, says Anand Sharma

Agencies
February 1, 2021

New Delhi, Feb 1: Criticizing the Union Budget 2021-22, Senior Congress leader Anand Sharma said that the budget is disappointing as it lacks a roadmap for accelerating growth and revival of consumer demand.

He further stated that the Finance Minister could have been brave to help the poor but she chose to be timid and continued with the government's rhetoric.

"Extraordinary crisis called for a courageous response for the revival of demand and job creation," he said.

Explaining how the Union Budget for this financial year lacks a roadmap to revive the economy, he said, "Transfer of money to economically weaker sections and poor was a must. Finance Minister should have opted for part monetisation and part borrowing to fund deficit".

He also alleged that the sale of profit-making Public Sector Units (PSUs) like Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) is against the broader national interests.

"The economy is not in a V-shaped but a K-shaped recovery because many sectors continue to be under severe stress," Anand Sharma tweeted.

He appreciated the 'One Nation, One Ration Card' scheme and the increased spending on public health and said that they were two 'bright spots' in an otherwise directionless budget which will be forgotten in a few weeks.

Presenting the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman said that the Budget proposals for this financial year rest on six pillars: Health and well-being, physical and financial capital and infrastructure, inclusive development for inspirational India reinvigorating human capital, innovation and R&D, minimum government and maximum governance.

While presenting the Budget, Sitharaman said, only three times in the past has the Budget followed a contraction in the economy this time. Unlike before, the situation is due to a global COVID-19 pandemic. Budget-2021 provides every opportunity for the economy to capture the pace and grow sustainably.

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News Network
May 11,2025

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Amid the ongoing border tension with Pakistan, the Punjab Police in India arrested two individuals on espionage charges. They allegedly leaked sensitive information and photographs of Army cantonment areas and Air Bases in Amritsar, said the police on Sunday.

The two persons were identified as Palak Sher Masih and Suraj Masih. They were arrested in a significant counter-espionage operation by the Amritsar Rural Police.

Director General of Police Gaurav Yadav wrote on X, "Malerkotla Police apprehends two individuals for their alleged involvement in espionage activities linked to a Pakistani official posted at the High Commission, New Delhi.

"Acting on credible intelligence, one suspect was arrested for leaking sensitive information regarding Indian Army movements to a Pakistan-based handler. Based on disclosures made during interrogation, a second conduit was also identified and taken into custody.

"Preliminary investigation reveals that the accused had been receiving payments through online transactions in exchange for classified information. They were in frequent contact with the handler and were involved in channeling funds to other local operatives as per his instructions. Two mobile phones have been recovered, and an FIR has been registered."

The police said further investigation will be undertaken as per established protocol, with a focus on tracing the financial trail and identifying additional operatives and linkages within the network.

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News Network
April 28,2025

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On April 27, 2025, the Consulate General of India in Dubai and the Northern Emirates, in partnership with Ekata (Unity) and Aim India Forum, organized a vital health and financial awareness session at the PAN Gulf Labour Camp in Sharjah, UAE.

This event aimed to educate blue-collar workers on important health and financial matters, providing them with practical information to better manage their well-being and finances. Shaikh Muzaffer, the Founder President of Aim India Forum, expressed his gratitude to Mr. Anshul Gupta, CEO of Pan Gulf International Metals Industries UAE, for facilitating the platform, and to Dr. Satish Krishnan, Neurosurgeon at Al Qasimia Hospital Sharjah and President of the EKATA group, for his excellent coordination of the event.

The Consulate General of India invited the Aim India Forum to conduct informative lectures on various crucial topics, including financial scams, economic crimes, cyber fraud, SIM card fraud, and the dangers posed by fake recruitment agencies. Shaikh Muzaffer from Aim India Forum, alongside BCCI President Mr. Hidayath Addoor, also participated in a focused discussion on SIM card fraud and its risks.

The session concluded with important remarks from Shri Yatin Patel, the Deputy Consul General of India to Dubai. Shri Patel highlighted the significance of timely passport renewals and the need to protect passports as a form of identity. He also cautioned against scammers who target blue-collar workers, exploiting their identities to obtain illegal loans from banks. He urged all workers to remain vigilant and avoid falling prey to such fraudulent activities.

Mr. Deepak Dagar, Vice Consul for Labour and ICWF at the Indian Consulate, was also in attendance, adding valuable insights and contributing to the event’s success. This informative session provided blue-collar workers with essential knowledge to safeguard both their health and financial security in their daily lives.

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News Network
May 2,2025

Mangaluru: Dakshina Kannada district has secured the top position in Karnataka in the SSLC (Class 10) results for the academic year 2024–25, with a pass percentage of 91.12%, as announced on Friday.

In the previous academic year (2023–24), the district had ranked second in the state with a higher pass percentage of 92.12%. Despite a 1% drop in the pass rate this year, the district has risen to the top position. In 2022–23, it had ranked 17th with 89.52%.

Deputy Director of Public Instruction (DDPI) Venkatesh S Patagar attributed the district’s improved rank to several focused initiatives. Among them were the timely completion of the syllabus by December 2024 and subject-wise special classes.

Special attention was given to slow learners through dedicated support classes. The department also organized fortnightly parent meetings to track students' academic progress.

To instill discipline and a consistent study routine, schools made regular wake-up calls to students in the mornings and evenings. Other initiatives included model question paper practice, the 'Jnana Sinchana' live YouTube series, online doubt-clearing sessions, and interactive radio phone-in programs.

Students were also encouraged to attempt the 'Vijayeebhava' question paper series, developed and published by the District Institute of Education and Training (DIET), Udupi.

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