Trastuzumab deruxtecan, osimertinib & durvalumab to become more affordable for cancer patients. But no new initiatives or push to ongoing projects in the healthcare sector in the budget.
Urban development among nine priority areas in this year’s budget. Since 2014, Centre has been implementing land reforms in rural areas. Now, it aims to do so in urban areas.
In terms of pure numbers, the total defence budget for 2024-25 stands at Rs 6,21,940 crore as against Rs 6.23 lakh crore in the revised estimates for the last fiscal.
Full budget sees sizeable increase in development aid to Sri Lanka, while assistance to Maldives sees drastic cuts from both 2023-24 revised estimates and 2024-25 interim budget.
Twenty-five critical minerals essential for sectors like nuclear energy, renewable energy, space, defence etc exempt from customs duties. Angel tax abolished, in boost for startups.
Govt raised tax rate for equity investments held for less than one year to 20% from 15% and for shares held for more than 12 months to 12.5% from 10% in the budget.
The target signals the government's intention to remain fiscally prudent despite expectations it may ramp up spending on welfare programs following a weaker than anticipated election victory for Modi.
The view that bureaucracies are bloated with far too many employees preying on taxpayers money is a widely held myth. Research shows how significantly understaffed the Indian state is.
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