CHENNAI ■ MADURAI ■ VIJAYAWADA BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOgGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI ■ ■ vijayawada l friday l may 21, 2021 l `7.00 l PAGES 12 l late city EDITION which sector gets what (in crores) `28,237 cr STATE Irrigation and Flood Control Housing Development Industries and Minerals `13,237.78 `4,715.02 Water supply and sanitation `2,540.24 Rural development Transport development `2,690.64 `16,221.32 General Education Agriculture & allied sectors `8,657.74 `26,994.91 `31,256.35 Buggana bets against all odds Presents optimistic, welfare budget of `2.29 lakh crore; introduces Gender Budget & Child Budget for focused approach to welfare of women, children; hikes allocations across the board with welfare schemes accounting for 50% of total outlay E x p r e s s N e w s Se r v i c e @ Vijayawada Despite the Covid-induced financial crunch, the YS Jagan Mohan Reddy government on Thursday presented an optimistic, innovative and welfare-oriented budget for 2021-22, with a total outlay of `2,29,779.27 crore -- almost half of which estimated to be spent on the various welfare schemes including its flagship Navaratnalu schemes. This is more than the estimated budget of `2.24 lakh crore last financial year whose revised estimates finally meant `1.85 lakh crore was spent. It is innovative in the sense that this time, it has identified and classified allocations for the welfare of women under the head Gender Budget and for children, under the Child Budget. As Finance Minister Buggana Rajendranath put it, this is a tool to integrate concerns pertaining to women and children in policy planning and budgetary allocations besides giving clear information on the same. The Gender Budget comes with an outlay of `47,283.21 crore with schemes specifically aimed at women’s welfare and empowerment accounting for `23,463.10 crore. Similarly, the Child Budget estimate is `16,748.47 crore, with schemes for children’s welfare running up to `12,218.64 crore. As for the flagship Navaratnalu schemes, the Finance Minister has earmarked approximately `48,000 crore but combined with the various other welfare programmes, the welfare agenda itself is estimated to be almost `1.10 lakh crore in the overall budget estimates. Which, brings the inevitable question of from where does the government pro- Public Account(Net) 2,007.21 @ Kolkata/New Delhi launching a blistering attack on Prime Minister Narendra Modi for first time since she came to power for the straight third term, West Bengal Chief Minister Mamata Banerjee described his online meeting with district magistrates (DMs) on the Covid situation on Thursday as a ‘super flop’ event that ‘humiliated’ the participant CMs as none of them was allowed to speak. The BJP swiftly gave it back, saying her behaviour was not appropriate and against team spirit. Mamata allegedly interrupted when the turn of 24 Parganas DM came during the event. The district has been re- Loans and Advances 881.50 Public Debt Repayment 50.16 15,502.85 total Receipts 2021-22 in crores Public Debt 50,525.42 Capital Expenditure 31,198.38 Revenue receipts 1,77,196.48 pose to mobilise resources. The estimated revenue expenditure is `1,82,196.54 crore and capital expenditure including loan repayments and capital disbursements is pegged at `47,582.73 crore. Revenue receipts, on the other hand, are expected to be Great expectations on taxes, Grants-in-aid In FY 2021-22, the Finance Minister expects Grants-in-aid to be around `58,000 crore and importantly, tax revenue to be a little over `85,000 crore up from `57,377 crore last time. Share of Central taxes is expected to be `26,935 crore. `1,77,196.48 crore or a deficit of around `5,000 crore. Capital receipts are estimated to be `52,582.79 crore. The fiscal deficit is set at around 3.49% of the GSDP, lower than the 5.51% last fiscal whereas the revenue deficit could be around 0.47% of the GSDP much lower than the actu, al 3.54% last fiscal. The Finance Mamata rages over PM’s meet with dist magistrates E x p r e s s N e w s Se r v i c e money ball Loan Recoveries porting a high Covid caseload. “The kind of behaviour shown by her wasn’t desirable,” Union minister Ravi Shankar Prasad said. The sharp rift surfaced at a time when the CBI has arrested three TMC MLAs, including two ministers. “None of the CMs was allowed to speak for a second. Armed with documents, we were prepared to place our demands. All the CMs were sitting like puppet. We are not bonded labourers. We, the CMs, felt humiliated and insulted. It was a casual and super flop meeting,” Mamata raged. “This was not a one-way communication. It was one-way humiliation. Is the PM so insecure that he didn’t want to listen to the CM?” she said. TOTAL DEBT `3,87,125 cr or 36.46 % of the GSDP total Expenditure 2021-22 Revenue Expenditure 1,82,196.54 Minister has clearly done some careful balancing hoping for the best possible outcome in economic terms. For instance, revenue receipts in the last fiscal were just around `1.18 lakh crore and the deficit was `34,926.80 crore. The government had to go in for open market loans amounting to `50,896 crore while Grants-in-aid from the Centre were around `33,000 crore contrary to estimates of `53,175 crore. In FY 202122, the Finance Minister expects Grants-in-aid to be somewhere around `58,000 crore and importantly, tax revenue to be a little over `85,000 crore up from `57,377 crore last time. Similarly, the share of Central taxes is expected to be `26,935 crore. If we look at public debt of the State, it was `3,55,874.30 crore or 35.23% of the GSDP in 2020-21. This is expected to increase to `3,87,125 crore or 36.46% of the GSDP with open market loans amounting to `2,64,894 crore up from `2,30,728 crore last fiscal. Public debt expected to be raised this fiscal is `50,525 crore. Debt servicing is set to cost `23,205.88 P5 crore. 3.49 % of GSDP- estimated fiscal deficit 0.47% of GSDP - estimated revenue deficit gender, child budgets help chalk out policy The Gender Budget comes with an outlay of `47,283.21 crore with schemes specifically aimed at women’s welfare and empowerment accounting for `23,463.10 crore. Similarly, the Child Budget estimate is `16,748.47 crore, with schemes for children’s welfare running up to `12,218.64 crore. Finance Minister Buggana Rajendranath explained this method is a tool to integrate concerns pertaining to women and children in policy planning and budgetary allocations. Free vaccine for all to combat Covid, says CM E x p r e s s N e w s Se r v i c e @ Vijayawada Reiterating that vaccination is the only way to deal with the Covid-19 pandemic, Chief Minister YS Jagan Mohan Reddy on Thursday asserted that his government would procure vaccine through global tenders and vaccinate people free of cost. Speaking during the Motion of Thanks to Governor’s address, Jagan highlighted the slew of measures taken by his government to combat Covid. “It is Andhra Pradesh, which is the first State in the country to go for global tenders to procure the vaccine and bids will be opened on June 3,’’ he said. Giving figures, he said there are about 26 crore people aged above 45 years in the country, who require a total of 52 crore doses. Similarly those in the age , group of 18 to 45 are 60 crore and they need 120 crore doses and the total requirement is 172 crore doses. But only 18.44 crore doses of vaccine has been administered to people so far, which is just 11 per cent of the actual requirement, he said. In Andhra Pradesh alone, over seven crore doses are needed to cover all those above 18 years of age. But the Centre has supplied only 76,29,580 doses so far, which is around 10 per cent of the total requirement, he said. With regard to vaccine production, he said only two companies are now manufacturing just seven crore doses of vaccines per month in the country. Bharat Biotech is producing one crore doses per month, while Serum Institute is manufacturing six P5 crore doses per month. E x p r e s s N e w s Se r v i c e @ Vijayawada With the spurt in suspected black fungus cases, the State government has notified mucormycosis under the Epidemic Diseases Act, 1897. “In view of the outbreak of mucormycosis among immunocompromised patients, especially Covid-19 patients, as per recommendations of the State Epidemiological Committee on Covid-19, every suspect and confirmed case of mucormycosis with or without corona symptoms shall be notified to the district health authorities — the DM&HO,’’ the GO issued by Principal Secretary (Health) Anil Kumar Singhal read. The Governor issued The AP Epidemic Diseases (Mucormycosis) Regulations, 2021, which will be in force for one year. Accordingly, all healthcare facilities (government and private) shall follow the norms for screen- ing, diagnosis and management of mucormycosis issued by the Union Health Ministry ICMR or , the State government. All the facilities shall report each and every suspected or confirmed case of mucormycosis to the Commissioner of Health through the respective DM&HO and the Collector. The order stat- WHEN 83-year-old T D Nandagopal, a resident Chennai suburb Kattupakkam, contracted coronavirus in February his family was , deeply worried. For, infected patients in his age group had little chance of survival. To boot, the octogenarian had comorbidities such as hypertension and diabetes. He had also undergone a heart surgery a few We can call it development when today is better than yesterday. Development is when we can believe that tomorrow will be better than today YS Jagan Mohan Reddy, CM The destiny of AP is being shaped by collective efforts of its people. Our development paradigm encompasses all the SDGs B Rajendranath, FM Empty hand has been shown to priority sectors. The budget lacks vision of the State’s future N Chandrababu Naidu, TDP chief Polavaram gets priority in allocation Polavaram Irrigation Project has been allocated over a third of the `13,237.78 cr outlay of Water Resources Department Agri budget focuses on ryot welfare The agriculture budget with an outlay of `31,256 cr has laid emphasis on ryot welfare and raising production of foodgrains `13,830 cr for health and family welfare E x p r e s s N e w s Se r v i c e @ Vijayawada The State government has allocated `13,830.44 crore in the budget for health, medical and family welfare, 21.11 per cent higher than in 2020-21. The higher allocation is intended to achieve Sustainable Development Goal 3 of the UN, i.e. ensure healthy lives and promote well-being for all. Presenting the budget, Finance Minister Buggana Rajendranath Reddy said the government has spent `2,246.18 crore on multiple interventions for prevention, mitigation and management of the Covid-19 pandemic so far. “This expenditure has been incurred on labs, testing, procurement of vaccines, medicines, PPEs, ventilators, TrueNat machine chips, installation of oxygen pipelines etc,” he explained. In the budget, `500 crore each has been earmarked for Covid containment and vaccines, inviting criticism from the opposition TDP that it is too little. In all, 53.34 lakh people have been administered the first dose of vaccine and 21.74 lakh have received the second dose as of May 16. It will not be out of the way to state that the NITI Aayog has lauded the mitigation and management strategies of Andhra Pradesh and also the various innovations adopted by it in the fight against Covid, he pointed P5 out. andhra pradesh may 19 May 20 Fresh cases 23,160 22,610 Recoveries 24,819 23,098 Deaths 106 114 Samples tested 1,01,330 1,01,281 ed that no person or institution or organisation shall spread any information or material for management of mucormycosis without prior permission from the Health Commissioner. Disobeying the regulations shall be deemed to have committed an offence punishable under Section 188 of the IPC (45 of 1860). sos for drug but volume low; need to scale up import The Centre asks states to notify mucormycosis or black fungus under the epidemic Act Black fungus has already killed 90 in Maharashtra, where 1,500 such cases have been detected; 850 are under treatment in hospitals Maharashtra tells PM it needs 1.502 lakh vials of Amphotericin B to treat the fungus, but has received only 16,000 from the Centre so far Six Indian firms are manufacturing Amphotericin B. Five more companies have approval to produce it Some companies have so far placed orders to import 5-6 lakh vials of the shot “You have to get the medicine from wherever in the world. You have to take steps right now,” Delhi HC tells Centre 83-year-old Chennai man with comorbidities beats Covid years ago, making him a highrisk patient. However, Nandagopal battled it out and returned to his normal lifestyle. “I had all the typical Covid symptoms. I lost appetite and had severe cough, tiredness, and body pain. I immediately got tested and found to be Covid positive. I did not panic. I was lucky to get a bed at King’s Institute, the best in class for Covid treatment in Chennai,” he oxygen Govt notifies black fungus as epidemic Gold pledging rises as stress hits many Indian households GRIT & DETERMINATION S V KRISHNA CHAITANYA @ Chennai Has been allocated for BC sub-plan. SC sub-plan received `17,403 cr while ST sub-plan has been allotted `6,131 cr told TNIE. Nandagopal recovered fully after 10 days of hospitalisation. A former employee of Food Corporation of India, he says more than the virus, it’s the panic that is claiming lives. The hospitalisation days were not easy though. “I could see pa, tients in my adjacent beds panicking and even succumbing to the disease. One patient from Andhra, with whom I used to regularly interact, died. But I still did not lose hope,” he said. Think +ve Nandagopal was given 8-10 injections a day. “The doctors and nurses were supportive and advised me to think positive. I did basic exercises like walking and meditated a bit to keep myself calm,” he told TNIE He took medication and food properly and was discharged within days. The steady support of his family also helped him. “My sons, daughters and grandchildren made video calls daily, which helped beat the feeling of loneliness,” he added. Averring that coronavirus can be beaten, Nandagopal said, “I keep telling my family and friends to take adequate precaution and not to panic, if infected.” A N U R A D H A S H U K L A @ New Delhi WITH businesses shut, jobs lost and salaries slashed, many people are emptying their household gold savings to borrow money to meet their essential expenditure as well as emerge medical requirements, show official data from the Reserve Bank of India. According to the latest RBI data, loans against gold have jumped a whopping 82% since March 2020. At the same time, consumer durables and education loans are down by 21.4% and 3%, respectively show, ing how people affected by the economic stress induced by the coronavirus pandemic are prioritising their spending. The outstanding loans against gold went up from `33,303 crore in March 2020 to `60,464 crore in March this year, pushing the overall personal loan portfolio of financial institutions up by 10.02%. One of the main reasons for the spike in gold loan is the increase in emergency spending due to the second Covid wave, loss of income, and reluctance of banks to give insecure personal loans, forcing people to use their household gold to get money . According to bankers, the trend is likely to continue. “The surge in gold loans is likely to go up further. While demand for gold loan was already high even last year, we saw fresh demand from April onwards. One out of every three loan queries is about gold loan. In fact, low income and lack of collateral have directed many people to opt for that,” said an SBI official. Getting personal loans has also become tough with banks becoming more cautious about unsecured loans. So, people who have lost job and still have monthly instalment to pay, are using gold jewellery as the last resort to get further loan. “The rejection rate is high for personal loan criteria. We have been asked to go for additional KYCs including salary slips, and collaterals including stocks and other assets. The management is very careful, considering fear of high NPA,” an executive with ICICI Bank said. The central bank had warned the direct fallout of the Covid will be on public spending. Data from RBI reveals loan for consumer durables was down 21.4% as loan outstanding was `7,307 crore in March 2021 against `9,299 crore in March 2020.
Express Network Private Limited publishes thirty three E-paper editions of The New Indian Express newspaper , thirty two E-paper editions of Dinamani, one E-paper edition of The Morning Standard, one E-paper edition of Malayalam Vaarika magazine and one E-paper edition of the Indulge - The Morning Standard, Kolkatta.