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SC asks Centre to clarify stand on interest waiver during moratorium
Govt debt set to hit historic high of 91% of GDP in FY21: Report
A surge in public debt will restrict the government’s ability to spend significantly in the current decade, as it has done in the past few years, it said.The report says unless private spending picks up strongly, real GDP growth over the next decade will be slower, averaging at 5-6 per cent as against 7 per cent in the 2010s.
Disposable income growth of households to fall further in FY20, may contract this fiscal: Report
As a wayout, the report suggests government incentivise households to save more, by increasing Section 80C/PPF limits, among other measures. “An increase in PPF (public provident fund) limit by even Rs 50,000 for individual households will lead to additional savings of over Rs 1 lakh crore compared to the revenue foregone of Rs 10,000 crore,” says the report.
Centre frames draft policy on data privacy under National Digital Health Mission
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