view of a higher multiplier effect of capital expenditure and in order to provide a boost to capital spending by states, the scheme ‘Special Assistance to States for Capital Investment 2023-24' was announced in the Union Budget 2023-24
Parliament’s Budget Session last week appeared drawing to a close after the Lok Sabha approved the Finance Bill, 2023 containing tax proposals for 2023-24,
This time, the Central government has announced the highest budget of Rs 2.4 lakh crore for the railways.
Modi is understood to have specifically asked the MPs to reach out to the middle class and the poorer sections to explain to them how they stand to gain from the new income tax slabs.
Peeved by the denial of funds to Telangana, the BRS put up posters in Hyderabad targeting the Central government. The party has been reaching out to people with posters alleging step-motherly treatment of the state whenever PM Narendra Modi came visiting.
This year, for the first time, Saraswati puja was observed over two days ~ January 29 and 30 ~ in what appears to be a bow in the direction of the devout.
'There was a need to encourage employment-generating industries. But no such steps were announced in the budget,' the former BJP ally said.
To spur growth, which is the biggest challenge now, investment has to come in and poor investment sentiment will have a huge impact on job creation and livelihood options for our youth, he observed.
There was nothing in the budget, he said, that could pave the way for economic reforms or raise public consumption that was imperative for reviving the economy.
Finance Minister Nirmala Sitharaman, while presenting the Union Budget in the Parliament on Saturday made an announcement in this regard.
