The government's annual Economic Survey report said its baseline scenario for growth for 2023/24 was 6.5%, with nominal growth, which accounts for inflation, forecast at 11%.
This was President Murmu’s first address to a joint House session. Finance Minister Nirmala Sitharaman will present the last full-fledged Budget of the 17th Lok Sabha on 1 February.
Annual 'marginal increase' in budget allocation goes in salaries & allowances, leaving little for development & modernisation, say officers part of forces that make up the CAPF.
Private sector is also hoping for a high budgetary allocation for defence capital expenditure since it will translate into more acquisition programmes fructifying.
Experts believe although the PLI schemes currently extended to 14 sectors have been beneficial, reduction in administrative inefficiencies, compliance burden would further help industry.
Infrastructure & railway sector experts are, however, optimistic and emphasise that India has shifted focus from basic to building next-level infra & infra for future, which takes time.
Schemes for providing tap water, building affordable housing, and boosting infrastructure in border villages have made good progress since the last Budget, but there’s still work to be done.
Announced in Budget 2022, the NDU is touted to be significant step towards attaining some goals in NEP 2020. However, it will only offer diploma & certificate courses initially.
The Centre is considering an increase in the National Company Law Tribunal's bench capacity, while the Standing Committee of Finance suggests fast-track courts.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
COMMENTS