In an interview with ThePrint, Bajaj says new tax regime on digital assets will be implemented from 1 April but the government can tax these assets even today.
The big capex push will not only create productive assets, but also more jobs. This, in turn, will create sustainable demand as well as crowd in private investment and push growth.
So far, the govt has raised Rs 12,029 cr from disinvestments in FY22, Budget has revised target down to Rs 78,000 cr. Assumption is that the rest will be brought in via LIC IPO.
When presenting a Budget like 2022, political management is a bit of a problem. Here, Nirmala Sitharaman needs more than good English and bad Economics.
Grants of Rs 19,500 crore are being added to spur local equipment production, while there’ll also be a 40% tax on imports of solar modules and 25% on cells from next fiscal.
Investors had been betting that Sitharaman would unveil a path toward inclusion of debt in global indexes, which would bring foreign inflows. But that didn’t materialise.
On 29 May 1951, Jawaharlal Nehru defended adding 'reasonable restrictions' to Article 19, arguing that free speech must be balanced with national security and unity.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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