Focus on higher spending, stronger growth in next Budget: FM Sitharaman : Bulletin: Business Today
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Focus on higher spending, stronger growth in next Budget: FM Sitharaman

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Rashi Bisaria | December 4, 2020

Focus on higher spending, stronger growth in next Budget: FM Sitharaman

India's economy will return to growth in 2021/22 and higher spending in the budget due in February will lay the foundations for even stronger growth in the next four to five years, Finance Minister Nirmala Sitharaman told Reuters on Thursday. With the world's second highest cases of coronavirus despite a severe lockdown of its 1.3 billion people early on in the pandemic, India's economy is expected to contract nearly 10% in the 2020/21 financial year.

Pfizer pledges commitment to engage with Indian government for vaccine provisionAmerican multinational pharma company Pfizer on Thursday said that it remains committed to engage with the Indian government for exploring opportunities to make its vaccine available in the country. The Pfizer-BioNtech vaccine became the first vaccine to be approved in the world after UK's Medicines and Healthcare products Regulatory Agency (MHRA) granted a temporary authorisation for emergency uses.

AIIMS Director hopeful of COVID-19 vaccine by December-end

AIIMS Director Dr Randeep Guleria said that COVID-19 vaccines, which are currently in their final trial stage in India, will get emergency use authorisation by December end or early January.  The AIIMS director also mentioned that work on COVID-19 vaccine was being done on a war-footing, both at the Centre-level and state-level, for establishing a concrete vaccine distribution plan in terms of - maintaining cold chain, having appropriate storehouses available, developing strategy, training vaccine administrators and ensuring the availability of syringes.

Honeygate! Only Saffola, MarkfedSohna, Nature's Nectar among 13 brands pass sugar syrup test, claims CSE

Indians today are consuming more honey than ever because of its immunity booster properties to protect themselves against COVID-19. But, the Centre for Science and Environment (CSE) has found that almost all brands of honey being sold in Indian markets are adulterated with sugar syrup. Investigations by CSE with laboratory studies in India and Germany found 77 per cent of samples adulterated with sugar syrup. Out of 22 samples tested, only five passed all the tests. Only 3 out of the 13 brands - Saffola, MarkfedSohna and Nature's Nectar (one out of two samples) -- passed all the tests.

India's Amul is now world's 8th largest milk processor

Amul, a brand of dairy cooperative major Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), is ranked 8th in the list of top 20 global dairy processors released by the International Farm Comparison Network (IFCN). Amul was ranked at 18th position in 2012, however, in flat 8 years, it has moved 10 notches above to the current 8th position.

Aviation industry to lose Rs 21,000 crore in FY21: ICRA

ICRA Research projected that the Indian aviation industry would suffer losses worth Rs 21,000 crore in the current fiscal. The ratings agency, in its latest report on the Indian aviation industry's capacity and passenger growth, maintained a negative credit outlook on the Indian aviation industry, owing to the coronavirus crisis.

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