Tuesday, 18 January, 2022
TopicBudget 2019

Topic: Budget 2019

Piyush Goyal’s big sop for middle class — full tax rebate for income up to Rs 5 lakh

The standard deduction limit has been increased to Rs 50,000 in the interim budget, as has the TDS limit on bank and post office deposits.

In Piyush Goyal’s budget, demonetisation is back to being all about black money

Finance minister says demonetisation led to one crore people filing I-T returns and helped agencies detect and de-register over 3 lakh shell companies.

Govt doubles tax exemption for the middle class man

In the interim budget presentation, finance minister Piyush Goyal increased the tax exemption from Rs 2.5 lakh to Rs 5 lakh.

Defence budget crosses Rs 3 lakh crore, but lowest ever with respect to GDP

While Pakistan and China are focussing on modernising their armament, India’s own modernisation process could suffer because of the small increase in budget.

Informal sector gets yet another pension scheme

Budget allocates Rs 500 crore for scheme that will provide Rs 3,000 as monthly pension for people with monthly income of Rs 15,000.

Govt’s final move to appease farmers — Rs 6,000 every year for those with 2-hectare plots

The income support scheme announced by Piyush Goyal in the interim budget has similarities with Telangana’s Rythu Bandhu and Odisha’s Kalia schemes.

Budget 2019: The rise in funding for MGNREGA, charted

Despite PM Modi terming MGNREGA as a 'UPA failure', his govt has allocated Rs 60,000 crore in the interim budget — the highest ever for the scheme.

On Camera

YourTurn

What it will take to vaccinate the world against Covid

A Q&A with vaccine scientist Peter Hotez, author of 'Preventing the Next Pandemic', on developing a low-cost Covid vaccine, and why Omicron won’t be the end of the pandemic.
File photo of Mukesh Ambani | Photographer: Prodip Guha/Getty Images via Bloomberg

Reliance buys robotics startup Addverb for Rs 1,000 crore to fuel tech ambitions

Mukesh Ambani, Asia’s richest person, is investing in technology as competition from rivals such as Amazon intensifies in India’s booming e-commerce market.

Defence

National Defence Academy | Twitter | Headquarters Integrated Defence Staff

Why was number of women cadets for NDA fixed at 19 in 2022, same as 2021, SC asks Centre

UPSC notification issued December 2021 says first phase of NDA exam for 2022 scheduled in April. Notification declares 19 women candidates will be chosen out of 400 successful ones.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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