In her 1 hour 26 minute-long speech, finance minister mentioned 'infrastructure' about 26 times and both 'digital' & 'green' 21 times. The word 'amrit' appeared 12 times.
Allocation to external affairs ministry for development assistance to foreign countries & projects fell 13% to estimated Rs 5,848.58 crore from Rs 6,750 crore in FY23.
States to set up ‘Unity Malls’ with objective of promotion & sale of ‘1 district, 1 product’, GI & handicraft. Amount allocated to tourism ministry same as last time, at Rs 2,400 cr.
Education Ministry has been allocated Rs 1,12,899.47 cr — up by 8% from last yr — and FM has announced launch of PM Kaushal Vikas Yojana 4.0 to skill lakhs of youth within next 3 yrs.
Earlier in a statement, the rating agency said the narrower fiscal deficit underscores the Modi government's commitment to longer-term fiscal sustainability.
In her budget speech, Sitharaman said her govt was committed to bringing down fiscal deficit to 4.5% by 2025-26 and pegged economic growth at 7% in the current fiscal.
The overall allocation to the sector increased from last year’s Rs 1.4 lakh crore. Slew of initiatives like addition of new lines, doubling rail lines announced.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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