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Monday, May 29, 2023
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Budget 2023 energising debates on defence spending but Indian police left begging

For years, experts have argued the case for rethinking the Centre-state relationship regarding the police. The time to debate police financing is running out.

Budget 2023 takes a leap in reducing India’s fiscal deficit

Measures announced by Finance Minister Nirmala Sitharaman in Budget 2023 are clearly not populist, which has been the convention.

Some hits and misses for India’s agricultural sector in Budget 2023

A dedicated fund for start-ups in rural India is a much-needed thrust but Budget 2023 has unexpectedly slashed allocation to the agriculture ministry and reduced funds for MGNREGA by 33%.

How the new tax regime encourages long-term savings like Sukanya Samriddhi Yojana

The transition to a new tax regime will be a smart move by existing taxpayers in search of simplicity and more disposable income.

Budget 2023: An election-year bonus for the super-rich. No, Modi govt hasn’t lost it

See the political messaging in this budget. It is an uncluttered continuation from last year and is a statement of confidence, bordering on overconfidence.

Budget 2023: Coming up, 100 5G labs to develop applications — smart classrooms to healthcare

Labs will be set up in engineering institutions, says FM. She also announces relief in customs duty on import of certain phone components.

Budget 2023: MEA gets much less than parliamentary panel wanted. But chair says ‘satisfactory’

Less than 2 months ago, panel chaired by BJP MP P P Chaudhary had recommended more than doubling allocation to foreign ministry, to 1% from 0.44% of overall budget.

Budget 2023: Green push for auto sector — funds for scrapping old govt vehicles, cheaper EVs

No import duty on machinery required to manufacture lithium-ion cells for batteries used in EVs, specific budgetary allocation for scrapping & replacing old govt vehicles.

Budget 2023: Govt introduces startup fund for young agri-entrepreneurs, idea long pushed by RSS

Agriculture Accelerator Fund aims to bring 'innovative & affordable solutions for challenges faced by farmers' and modern technologies to increase productivity & profitability.

Budget 2023 for tech sector: Digital India funds slashed, PAN ‘common identifier’, KYCs simplified

Sitharaman's 'technology-driven' also pushed for access to anonymised data, DigiLocker expansion & job creation through Pradhan Mantri Kaushal Vikas Yojana 4.0.

On Camera

YourTurn

File photo of the Indian Coast Guard’s seizure of arms and ammunition and narcotics worth Rs 300 crore from a Pakistani boat in Indian waters. | Representational image | ANI

Afghan, Pakistan cartels survived empires. Now they are drowning Indian Ocean...

Like their colonial-era ancestors, smugglers are the economic backbone of impoverished communities in Afghanistan and Pakistan.
A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington | Reuters/Kevin Lamarque

4 ways a US debt default could affect you — and...

A US debt default—even a short debt ceiling breach—is expected to push the US economy into a recession.

Defence

Delegates attend the 3rd G20 Tourism Working Group Meeting at Sher-i-Kashmir International Convention Centre in Srinagar Tuesday | ANI

Why Gulmarg visit is off G20 itinerary in Kashmir

Administration says visit cancelled due to 'logistics issue' as over 60 delegates had to be catered to, but security apprehensions may have triggered the change of plans, it is learnt.
Illustration : Soham Sen

Article 370 to G20, India is in a Kashmir sweet spot....

It is in the nature of the news cycle that the only aspect of the G20 event (Third Working Group on Tourism) in Srinagar...