Today: 19 August 2025
29 January 2021
1 min read

Economic Survey stresses on providing more fiscal support

It suggested that to ensure that the economy remains in good health to avail the full benefit of these significant reforms, the “economic bridge” between the medium and long-term has to be created…reports Asian Lite News

The Economic Survey for 2020-21 has suggested that the government should come up with more fiscal measure for short term support to the economy and businesses.

Highlighting the long term reform measures, the survey tabled by Finance Minister Nirmala Sitharaman in Parliament on Friday, also said that to eliminate the possibility of growth being impacted in the medium to long run, the Government has been extremely pro-active in launching several seminal reforms, but noted that their impact will manifest in the medium to long-term only.

It suggested that to ensure that the economy remains in good health to avail the full benefit of these significant reforms, the “economic bridge” between the medium and long-term has to be created.

“Only an active fiscal policy — one that recognises that the risks from doing too little are much more than the risks from doing too much — can ensure that this ‘economic bridge’ is well laid out,” he said.

Although, the government has taken several measures to support and provide relief to businesses, steps to push demand have been lagging, according to several economists. Supply-side push, however, have been appreciated.

Further, the issue has been raised at several forums by several industry representatives that, although the reforms measures are welcome. They would reflect changes only in the long run, while the businesses and the common man need some immediate cushioning.

Also read:Tractor Rally: 22 FIRs registered against farmers

Previous Story

Indian Economy May Take Two More Years To Bounce Back

Next Story

Economic Survey calls for simplifying regulations

Latest from -Top News

Pakistan’s $5bn LNG Gamble Backfires

The report says the Pak government locked into ‘take-or-pay’ contracts without demand guarantees, misjudging LNG price volatility and market risks….reports Asian Lite News Pakistan’s $5 billion investment in LNG infrastructure tied to

Modi, Putin Discuss Alaska

Russian President Vladimir Putin on Monday spoke with Prime Minister Narendra Modi, sharing his assessment of last week’s meeting with US President Donald Trump in Alaska PM Modi reiterated India’s consistent stance

Egypt, Palestine PMs Discuss Gaza

Palestinian Prime Minister Mustafa highlighted that the Arab-Islamic peace plan stresses reconstruction of Gaza without displacement of its people Egyptian Prime Minister Mostafa Madbouly and his Palestinian counterpart Mohammad Mustafa met in

One Million Gazans Face Starvation

UNRWA: Hunger is spreading fast in Gaza. Women and girls are forced to adopt increasingly dangerous survival strategies like venturing out in search of food and water at the extreme risk of

UK MPs Urge Gaza Evacuations

96 MPs warned that children in the war-torn territory are facing “imminent death” unless immediate steps are taken…reports Asian lite News A cross-party coalition of MPs has demanded urgent action from the
Go toTop