The Centre for Policy Research (CPR), the Indian Council for Research on International Economic Relations (ICRIER), the India Development Foundation (IDF), the National Council of Applied Economic Research (NCAER), and the National Institute of Public Finance and Policy (NIPFP), invite you to: The 15th 5-Institute Budget Seminar 2021: 'The COVID-19 Budget: Unpacking the Union Budget 2021-22’
- Yamini Aiyar, President and Chief Executive, CPR
- Rajat Kathuria, Director and Chief Executive, ICRIER
- Nishant Chadha, Fellow and Head-Projects, IDF
- Shekhar Shah, Director General, NCAER
- Pinaki Chakraborty, Director, NIPFP
The session will be online via Zoom. It will be moderated by Yamini Aiyar.
The session will also be live-streamed on the CPR Facebook page. You can access it by clicking on the link above.
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About the Discussion
The Union Budget 2021-22 will be presented in Parliament on February 1, 2021 by the Minister of Finance, Ms. Nirmala Sitharaman. All eyes are on this COVID-19 Budget as the race between the virus and the vaccine quickens against the backdrop of the worst economic downturn in independent India’s history. The Economic Survey, released on January 30, has already pointed to the need for continuing a big fiscal push to grow and sustain demand that could nudge the economy back to a strong, medium-term, growth trajectory. This could boost revenues and help India get back on to a sustainable fiscal path with debt/GDP declining. What fiscal impulses will the FM have provided to help India catch up with its 2019-20 real GDP level and simultaneously cut the headline deficit? How well will the Budget have provided for reviving jobs and incomes, particularly for those at the bottom of the income pyramid, in informal jobs, and in MSMEs? Besides vaccinating close to a billion Indians, what will the Budget point to for improving India’s health systems, learning from the pandemic? How well will it have spurred the deeper structural reforms needed to overcome the scarring from the pandemic, to improve the investment climate and the ease of doing business, and to boost India’s medium- and long-term competitiveness in global trade?
The heads of the five institutes, CPR, ICRIER, IDF, NCAER, and NIPFP, will come together again, as they first did in March 2008, to present a reform and development perspective on the 2021-22 Union Budget. On behalf of the five institutions, it gives CPR great pleasure to invite you to this year’s virtual, 5-Institute Budget Seminar on Monday, February 8, 2021 at 6 PM IST via Zoom.