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.
This special edition of Cut The Clutter, straight from the Siliguri corridor, details the strategic importance of the narrow strip of land in West Bengal, and how it’s a vital link connecting the Northeast to the rest of India.
We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun.
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