Budget 2020 changes tax slabs to benefit the salaried class earning up to Rs 15 lakh a year, but those opting for it will have to forgo various exemptions.
Congress leader and former finance minister Chidambaram said the Modi government did not believe in reforms as Sitharaman rejected the reform ideas presented in the Economic Survey.
In my view as the finance secretary during UPA II govt, the least RBI could have done was not to further depress the sentiment with doomsday prophecies.
About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.
Chiman Singh, injured in 1971 India-Pakistan war, was discharged as non-pensioner in 1972. In his petition, he states denial of pension is contrary to settled law.
Even in the weeks leading up to Chamkila’s assassination there were massacres every other day. To airbrush all of this is sheer intellectual cowardice if not a crime.
Counting on the goodwill of Pakistan and China? Lesson of 1962 debacle forgotten exactly 58 years later. Defence capex is lower than either annual salary bill or annual pension bill. We seem to have a bloated army and ex service men, by retiring soldiers in their 30s or 40s,
IAF needs funds to buy new aircraft and technologies. FM should consider their logical demand. There is no point of talking about setting up Theatre commands if we can’t equip the IAF (and Navy) with modern weaponry. Earlier it is done, the better.
This can not be done. They do not have the money. India has been buying aircraft since 2002 or 2003. Issue is money? May be we need to borrow some from Pakistan. Can some body donate the aircraft? Ask China if they can donate some of the 5th generation aircrafts to India. Tell them we are big economy.
With Modi’s raw wisdom, one aircraft becomes equal to 200. The IAF too works on his raw wisdom, so where is the problem?
People knowing nothing about budget are doing analysis. How can I say this, because the article itself is saying that writer knows only figures. Quoting figures and understanding the nuances of budget are two different things. First of all budgetary provisions are symbolic figures under different sub heads, created for specific projects/programs, until you do the allocation. Yeah, it(available provisions) facilitate you in allocation but if there is shortage/unavailability of provisions you can ask for more on reasonable grounds.
Secondly, acquisitions take lot of time, remember Rafale. Process for MMRCA started in 2007 and ended abruptly and concluded in 2015-16 via IGA. So, the 59000 crores weren’t actually needed in 2007 itself.
Today, we need 200 aircrafts but these all are not coming in 2020-21.
But, it is reality that there is financial crunch but not as analysed by this learned writer.
We may need or want 200 or more fighters but this is just a wish list. The fact is that even if we have the funds of an Arab oil kingdom, we cannot get such items off the shelf. It takes months of manufacture and testing to build one advanced plane and even France can build just 8 Rafales per year. So, we have to plan only for induction of 16 LCA plus 6-8 Sukhoi plus 4-6 rafales per year. Our funds allocation has to just cover these 30-35 planes a year.There is no point in complaining of low allocation to IAF, because even if the allocations were higher, they simply won’t get the aircraft from anyone.
Now if 200 planes can’t be bought in one year or even 3 years, it makes sense at least to start the process of acquisition right away. Better to declare the intent to buy 200 planes albeit in a phased program of say 4 years. Commit some funds at least this year, say to acquire one squadron of new planes. But we must start somewhere. Why do we subject the IAF to risks as it is they who are going to defend the country and they must be equipped properly for this onerous task. That Wg Cdr Abhishek came back finally to India it was due to pressure from the world powers too on Pakistan. The moot point that is missing the attention of defence planners is why at all he was hit and had to evacuate the aircraft which is because of Pakistan’s superior planes hitting him. It is not desirable to take comfort in the thought that our pilots are more brave and daring including Abhishek. This approach is completely wrong as it is likely to subject the IAF pilots to vulnerable situations.
Counting on the goodwill of Pakistan and China? Lesson of 1962 debacle forgotten exactly 58 years later. Defence capex is lower than either annual salary bill or annual pension bill. We seem to have a bloated army and ex service men, by retiring soldiers in their 30s or 40s,
PAF is superior to IAF and most other air forces is not because of aircraft…..rather because o fa simple fact.
Best Pakistanis opt for PAF where as best of Indians opt for IT & software careers……………..simple as that !!1
“IAF was mechanically outgunned by PAF after Balakot…” LoL…. what were you smoking today?
Modi ha tau mumkin ha .. India is in serious trouble under Modi leadership and they are facing embarrassment day by day. Just remember 27 feb 2019.
This Hindus from Bharat are real jealous and should die from being jealous
IAF needs funds to buy new aircraft and technologies. FM should consider their logical demand. There is no point of talking about setting up Theatre commands if we can’t equip the IAF (and Navy) with modern weaponry. Earlier it is done, the better.
This can not be done. They do not have the money. India has been buying aircraft since 2002 or 2003. Issue is money? May be we need to borrow some from Pakistan. Can some body donate the aircraft? Ask China if they can donate some of the 5th generation aircrafts to India. Tell them we are big economy.
With Modi’s raw wisdom, one aircraft becomes equal to 200. The IAF too works on his raw wisdom, so where is the problem?
People knowing nothing about budget are doing analysis. How can I say this, because the article itself is saying that writer knows only figures. Quoting figures and understanding the nuances of budget are two different things. First of all budgetary provisions are symbolic figures under different sub heads, created for specific projects/programs, until you do the allocation. Yeah, it(available provisions) facilitate you in allocation but if there is shortage/unavailability of provisions you can ask for more on reasonable grounds.
Secondly, acquisitions take lot of time, remember Rafale. Process for MMRCA started in 2007 and ended abruptly and concluded in 2015-16 via IGA. So, the 59000 crores weren’t actually needed in 2007 itself.
Today, we need 200 aircrafts but these all are not coming in 2020-21.
But, it is reality that there is financial crunch but not as analysed by this learned writer.
We may need or want 200 or more fighters but this is just a wish list. The fact is that even if we have the funds of an Arab oil kingdom, we cannot get such items off the shelf. It takes months of manufacture and testing to build one advanced plane and even France can build just 8 Rafales per year. So, we have to plan only for induction of 16 LCA plus 6-8 Sukhoi plus 4-6 rafales per year. Our funds allocation has to just cover these 30-35 planes a year.There is no point in complaining of low allocation to IAF, because even if the allocations were higher, they simply won’t get the aircraft from anyone.
Now if 200 planes can’t be bought in one year or even 3 years, it makes sense at least to start the process of acquisition right away. Better to declare the intent to buy 200 planes albeit in a phased program of say 4 years. Commit some funds at least this year, say to acquire one squadron of new planes. But we must start somewhere. Why do we subject the IAF to risks as it is they who are going to defend the country and they must be equipped properly for this onerous task. That Wg Cdr Abhishek came back finally to India it was due to pressure from the world powers too on Pakistan. The moot point that is missing the attention of defence planners is why at all he was hit and had to evacuate the aircraft which is because of Pakistan’s superior planes hitting him. It is not desirable to take comfort in the thought that our pilots are more brave and daring including Abhishek. This approach is completely wrong as it is likely to subject the IAF pilots to vulnerable situations.