The former finance minister said that the income tax relief is only for those that have moved to the new regime and data about how many taxpayers switched to it is not available.
Our response to KYC problems has been to bring technology to streamline processes. The problem is that they often don’t work as well as one would have hoped.
Highways sector also saw jump in allocation. Fifty airports, heliports, water aerodromes & advance landing grounds to be revived to improve regional air connectivity.
To aid 'green growth' agenda, Sitharaman announced measures like support for scrapping & replacing old vehicles, battery storage systems & compressed biogas plants.
AmritKalBudget unveiled by FM Nirmala Sitharaman focuses on 7 'priorities' and 4 'emphasis points'. Here, ThePrint breaks down the Union Budget 2023, and tracks reactions.
Capital budget increased to Rs 1.62 lakh crore from 1.52 lakh crore. Navy, Army see substantial increase but allocation for procuring aircraft, aero engines goes down.
In her 1 hour 26 minute-long speech, finance minister mentioned 'infrastructure' about 26 times and both 'digital' & 'green' 21 times. The word 'amrit' appeared 12 times.
The blue-chip Nifty 50 index closed down 0.26% at 17,616.30, its biggest slide on budget day since a 2.51% fall in 2020. However, the S&P BSE Sensex rose 0.3% to 59,708.08.
Allocation to external affairs ministry for development assistance to foreign countries & projects fell 13% to estimated Rs 5,848.58 crore from Rs 6,750 crore in FY23.
India cannot be blasé about change in any important capital in the world. Let's look at five key areas where US policy matters for India and how it may vary between Harris and Trump.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Troops patrolled up to Patrolling Point (PP) 10 on Monday. Though there are PP 10, 11, 12, 12A & 13 in Depsang Plains, it was decided that only one or two PPs would be patrolled.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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