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.
However, all the new projects are in the neighbouring state of Odisha. South Eastern Railway, in West Bengal, has not been allocated funds for any new projects in the forthcoming financial year of 2020 to 2021.
This is the right time for the Chief of Defence Staff to intervene and fight for the modernisation of the armed forces lest we are again caught with our pants down as in 1962. The defence strategists have failed to analyse as to why the Modi government is not giving priority to defence modernisation when a severe threat from our adversaries is lurking. Pakistan's defence budget is about 3.5 per cent of GDP whereas China's is about 4 per cent of GDP. India's budget should at least be about 3 per cent of GDP if not more, notwithstanding the economic slowdown
Speaking at Shri Ram Economic Summit organised by the economics department of Shri Ram College of Commerce (SRCC), the Rajya Sabha MP said that ordinarily, the explanation for the failing economy should have come from the government.
Under the new income tax regime, somebody who does not avail of the existing exemptions such as medical insurance or investment in the stock market or in house purchase are supposed to be taxed at lower rates.
The ration shop dealers lamenting over the fund allocation of rupees 11,569,88 crores for Public Distribution System, said that the amount was ‘inadequate and farcical.’
