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.
Fauja Singh, 114, died after being hit by a speeding car. His death renews questions about India’s deadly roads, rising accidents, and poor traffic discipline.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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