Monday, 24 January, 2022
TopicBudget 2020

Topic: Budget 2020

FM Sitharaman budgets Rs 1.67 lakh crore of extra expenditure, mostly for Covid package

Remya Nair -
This expenditure includes Rs 40,000 crore towards enhanced expenditure under MNREGA. The first batch of Supplementary Demands for Grants includes 54 Grants and 1 Appropriations.

Budget 2020 is now useless. Modi govt must present a new one

Vivek Kaul -
Covid has ensured Modi govt won’t meet 20% growth in tax collection target. That would be a terrible assumption to make in a pandemic-hit economy.

Incentives and infrastructure — what govt can do to boost data centres in India

Aayush Soni -
The Centre plans to make India a $1 trillion digital economy by 2025, which will attract countries wanting to set up data centres in India.

Relief for India’s overseas students, govt cuts 5% ‘tax at source’ Budget proposal to 0.5%

Remya Nair -
Among amendments to the Finance Bill moved by Nirmala Sitharaman, the govt has clarified that NRIs will only be taxed on income they earn in India.

I-T cases being arbitrated abroad will be eligible under proposed ‘Vivad se Vishwas’ scheme

PTI -
The I-T department in advertisements in leading dailies said that appeals and writs filed on or before January 31 this year will be allowed to be taken up by it.

Facing a fiscal crisis for long, Modi govt now seems to be pushing states into a crisis too

Yamini Aiyar -
Either Modi govt is expecting a revenue windfall that will be passed on to states, or states will be squeezed even further. My guess is it will be the latter.

How the LIC mega IPO can also help reform India’s larger financial sector

Ila Patnaik -
If done right, IPO can bring transparency & efficiency to LIC, ensure govt doesn’t force it to buy weak PSUs, and improve resource allocation in the economy.

Sanjaya Baru on altered India-US relations, Ruchir Sharma & Sandipan Deb go to the Oscars

Unnati Sharma -
Today’s political, economic & strategic punditry from Sanjaya Baru, Ashok Gulati, Ruchir Sharma, Tamal Bandopadhyay, Prabha Kotiswaran & many others.

Budget proposals unlikely to have inflationary impact, says RBI Governor

PTI -
Das says that the government has tried to remain within the fiscal deficit roadmap set under the Fiscal Responsibility and Budget Management Act.

BMC’s ‘blatant oversight’ that has Raj Thackeray’s MNS riled up

ThePrint Team -
Pre-Truth — snappy, witty and significant snippets from the world of politics and government.
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Opinion

Liberals mourning India Gate flame must also recall some dark aspects of the colonial Army

Praveen Swami -
The moving of the flame seems, to some, as part of an ongoing extinguishing of the Indian Army’s heritage of secularism, decency and righteousness.
During the second wave of covid, a man burns the pyre at Seemapuri crematorium | Photo: Suraj Singh Bisht | ThePrint

Covid-hit citizens don’t just blame govt. Buck is passed on to democracy too, survey finds

The entrance to the Bank Indonesia headquarters in Jakarta, Indonesia

Inflation has the monetary policy radicals crawling to the centre

Economy

South-East Asia’s SMEs are underperforming. Their ‘digital revolution’ depends on fintech

Benedict Carandang -
Digitisation of South-East Asia's economy during the pandemic is uneven. The growth in digital services has favoured individual consumers, not SMEs.

Defence

File photo of Scorpene-class submarine 'INS Vela', at the Naval Dockyard in Mumbai | ANI

Kamov choppers, submarine torpedoes among deals defence ministry will review this week

Snehesh Alex Philip -
Ministry is reviewing all procurement under the ‘Buy (Global)’ category, under which equipment is bought directly from foreign manufacturers, amid govt's 'Atmanirbhar' push.

National Interest

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Shekhar Gupta -
Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.

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