Tuesday, 9 August, 2022
TopicBudget 2020

Topic: Budget 2020

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

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

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

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%

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

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

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

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

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

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

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

On Camera

YourTurn

Ministry of Defence headquarters | Representational image | Commons

SPARSH will make defence pension digital, but problems won’t disappear. Ask pensioners

The management of defence pensions has been taxing the capabilities of the Ministry of Defence for decades. The implementation of the One Rank One...
Representational image | Rupixen/Unsplash

‘We are cracking down’— how Modi govt plans to make it tougher for states to fund freebies

The Narendra Modi government is looking at ways to check states’ spending on handouts like free electricity and rations. The first step is to tighten the noose on state borrowings.

Defence

Women Army officers outside the Supreme Court in New Delhi on 17 February 2020 ( representational image) | Photo: Suraj Singh Bisht | ThePrint

First batch of 19 women cadets join NDA, set to begin training this week

The cadets will train for three years at NDA, Khadakwasla for the 148th course. The Supreme Court last year paved the way for women to take the NDA test for the first time.

In Kashmir 3 years on, 3 positive changes, 3 things that should’ve happened & 3 that got worse

Kashmir as a crisis has fallen off our headlines and from the top of our collective minds. Which is precisely the most important change for the better.
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