Thursday, 20 January, 2022
TopicBudget 2019

Topic: Budget 2019

Nirmala Sitharaman’s budget wipes $30 billion off Indian stocks as doubts on tax linger

A higher surcharge on the super rich has spooked non-resident and overseas funds as it also applies to trusts used by foreign funds to invest.

Modi needs more than tax breaks to make India an investment hub

India lags behind ASEAN peers in winning over investors. Part of the reason is it’s harder to open and run a business in India than in Southeast Asia.

Bond traders raise questions over India’s revenue forecasts

IDFC First Bank Ltd. and Quantum Advisors say the revenue projections in the budget are too optimistic given slowing economic growth.

If it moves, tax it. That’s desperate, India

India is losing the fiscal plot with bureaucrats trying to marshal resources by squeezing taxpayers, foreign investors, firms planning buybacks and even the RBI.

Modi govt’s tax on stock buybacks puts brakes on a great year of share repurchases

The proposed tax may affect share purchases worth Rs 10,000 crore that are in progress.

Modi govt slashes funding for Iran’s Chabahar Port but is open to spending more if needed

The fund allocation for Chabahar Port in Iran, which India is developing, was slashed by more than half to Rs 45 crore from Rs 150 crore in this Union Budget.

Modi govt’s hike in duties on petrol & diesel unlikely to stop RBI from cutting rates

Finance Minister Nirmala Sitharaman’s decision to raise duties on fuel is unlikely to threaten the inflation outlook, keeping alive expectation of more rate cuts.

Ruchir Sharma on why East Asia is no model for India, Gopalkrishna Gandhi on electing next Cong president

The best of the day’s opinion, chosen and curated by ThePrint’s top editors.

Will India become a superpower? Not like this

India will recover from cyclical slowdown. But it isn't taking steps towards becoming a superpower or even a comfortable upper-middle income country.

Nirmala Sitharaman’s bahi-khata Budget kept one tradition alive: ignoring Dalits

An audit of 2019 Budget by a Dalit rights body reveals glaring cuts in SC/ST funds - many of those in schemes that directly benefit the communities.

On Camera

YourTurn

How England’s dying industrial towns became the West’s largest jihad factory

Malik Faisal Akram had no known affiliation with jihadist groups. Ideas that led him to take hostages in a Texas synagogue seeped into his mind almost by osmosis.

NTPC looks to coal imports to avoid new power crunch

India’s largest electricity producer is aiming to secure cargoes starting from April, when power consumption in India typically surges on summer cooling demand.

Defence

File photo of IAF drone seen flying in Leh on 18 Nov 2020 | ANI

Indian firm gets foothold in prized global ‘kamikaze’ and armed drones market

Global demand for loitering munition & armed drones saw a jump after Azerbaijan was able to defeat superior Armenian armed forces in 2020 with the help of these systems.
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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