The budget has allocated ₹1.72 lakh crore for capital acquisition by the defence ministry, with a total of ₹6.22 lakh crore set aside for the ministry. Major procurement includes fighter aircraft, submarines, drones, and vehicles. Significant focus on modernization and border infrastructure development.
Fans are eagerly awaiting updates on the highly anticipated Bond 26, which remains shrouded in secrecy. The latest installment in the James Bond franchise, No Time to Die, premiered on October 8, 2021.
The NDA's budget allocated ₹58,900 crore to Bihar pre-elections. Sitharaman announced ₹26,000 crore for roads, including Patna-Purnea, Buxar-Bhagalpur expressways. JDU’s Buddhist Corridor demand saw progress. A Ganga River bridge was approved. ₹21,400 crore to Pirpainti Thermal Power Project; Sanjay Jha raised Kosi Mechi link. Funds for flood management, airports, medical colleges, Maha Bodhi Corridor were also announced.
He termed opposition leader Rahul Gandhi's comments on the exam system as amounting to 'misleading students'.
Export hubs will be set up in public-private-partnership (PPP) mode to enable MSMEs and traditional artisans to sell their products in international markets under a seamless regulatory and logistic framework. This will facilitate trade and export related services under one roof.
Vice President Kamala Harris began her legal career at the Alameda County district attorney’s office after earning a J.D. from U.C. Hastings in 1989. She became San Francisco’s District Attorney in 2004.
The budget aims to ensure consumption-led growth with inflation control. It includes skilling, capex, and a Rs 2 lakh crore package for youth employment. Women-specific initiatives, tax adjustments, and angel tax abolition boost consumption and startups. GDP growth is forecasted at 8.2% for FY24, focusing on job creation, skilling, and stable inflation.
Without clarity on the cyclical state of the economy, macro policy naturally erred on the side of caution. One wishes the budget had made a greater effort to improve India's statistical database. Muddling through disparate data signals isn't the best way to make policies.
The CBI uncovered a complex plot involving the theft of the NEET-UG exam paper in 2024. Accused planned in advance, stole the paper, and shared it digitally. Key suspect remains at large. Evidence being examined, while authorities assure minimal impact on overall exam integrity.
Supreme Court decides against ordering a retest for NEET-UG despite acknowledging paper leak. Committee led by former ISRO chairman to improve examination process. Detailed judgement to follow.
The central government’s budget is shrinking, with declining TE/GDP ratios except for a COVID-induced spike in FY21. Post-pandemic, fiscal deficit reductions have come from expenditure cuts as revenue-GDP ratios stagnate or fall. Revenue shortfalls hindered fiscal consolidation. Minor revenue gains in FY23 and FY24 allowed for moderate expenditure cuts. The FY25 budget aims to cut the fiscal deficit by 0.7%. Despite optimism, tax buoyancy remains low, and disinvestment targets underperformed, influencing fiscal strategies. Читать дальше...
JD Vance has been appointed as Donald Trump’s running mate. The Ohio Senator has his own advantages but may soon become a liability for the Republicans. The Democrats may pick Kamala Harris to replace Joe Biden and women and women related issues will be at the forefront during the next few months.
Congress criticizes budget for resembling Opposition manifesto, accusing Modi govt of pleasing allies at the expense of other states. Leaders express disappointment in lack of support for common citizens. Chidambaram highlights some similarities with Congress proposals.
Finance Minister Nirmala Sitharaman presented India's first budget for Modi 3.0, introducing reforms and paving a growth roadmap. The budget includes a provision for the PLI scheme for toys, footwear, and leather, a financial sector vision document, and investment-ready "plug and play" industrial parks. India Inc praised the budget as 'balanced'.
FM Nirmala Sitharaman's budget introduces the Critical Mineral Mission with reduced import duties to boost domestic production and recycling, focusing on sectors like electronics, construction, nuclear, renewable energy, space, and defence. Offshore mineral blocks will be auctioned. Mines Minister G Kishan Reddy supports the plan, stressing its importance for enhancing India's global competitiveness in these strategic sectors.
Budget proposals target insolvency and debt recovery improvement, enhancing Debt Recovery Tribunals and adding platforms. Sitharaman reported ₹3.3 lakh crore recovery from 1,000 companies' debt via NCLTs. 28,000 cases worth ₹10 lakh crore were resolved pre-admission. Planned IBC changes and stronger tribunals may include CPACE service extensions for LLPs, aiming for faster resolutions and addressing twin balance sheet issues.
DPI will help the government organise and scrutinise the data of farmers regarding their land, crops grown and weather forecast, said the people. "The technology, besides digitising land records, will help to provide better estimates of crop production and ensure timely action," said RG Agarwal, chairman, Dhanuka Group, an agrochemical manufacturing firm.
India's budget for FY24 highlights a strong focus on economic growth, employment, women-led development, and healthcare initiatives. The budget aims to equip the workforce with necessary skills, promote women's participation in the workforce, and invest in healthcare infrastructure. With exemptions for cancer medications and customs duty, the budget addresses critical healthcare challenges and supports indigenous manufacturing. The strategic provisions in the budget pave the way for India to strengthen... Читать дальше...
Budget 2024 reflects the government's ongoing commitment to macroeconomic stability by maintaining its fiscal consolidation strategy. While the government could have further reduced the deficit, doing so more rapidly might have negatively impacted economic growth.
Nirmala Sitharaman announced incentives-based reforms focusing on land, labour, capital, and entrepreneurship to boost productivity. An economic policy framework is forthcoming, with key collaborations with states. DK Pant supports the initiative. Last fiscal year saw 8.2% growth. IMF forecasts India as the fastest-growing major economy, growing twice the global average. Central bank forecasts 7%, Economic Survey predicts 6.5-7% FY25.
India's 2024 budget aims to boost its economy, focusing on higher education, employment creation, and empowering MSMEs. The budget supports cleaner energy, removing angel tax, and promoting entrepreneurship. It also aims to develop a 'climate finance taxonomy' to increase capital availability for climate adaptation and mitigation.
Universal Pictures has achieved significant box office success with Twisters, the eagerly awaited sequel to the 1996 hit Twister. The film has earned nearly $125 million worldwide in its opening weekend.
Television fans are left with unanswered questions as The Boys' fourth season intensifies its political satire. Setting the foundation for a dramatic final season, the finale exposes fresh challenges and uncertainty around important characters and The Seven's future.
