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.
Many offices in Telangana have asked their employees to work from home because of heavy rainfall, but it has become impossible due to the internet outages.
The Navy has always been on board with the theaterisation plan, but the Air Force feels splitting up air assets into several theatre commands is futile & will tie up critical systems.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
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