Congress highlighted internship programme, employment-linked incentive scheme and abolition of angel tax as examples of ideas Modi govt ‘copied’ from its Lok Sabha polls manifesto.
Sitharaman also announced an initiative for increased connectivity to rural habitations, and introduced an interest subsidy to facilitate affordable housing loans.
The allocation, at 3.4% of GDP, remains unchanged from the figure announced in interim budget in February, and is 11% higher than last year’s outlay of Rs 10 lakh crore.
It was NDA that introduced Insolvency and Bankruptcy Code in 2016. IBC replaced earlier framework which was governed by various laws that made the process cumbersome.
Besides development of Vishnupad and Mahabodhi temple corridors, Union Budget also proposed industrial node for Amritsar-Kolkata Industrial Corridor at Gaya in Bihar.
Urban development among nine priority areas in this year’s budget. Since 2014, Centre has been implementing land reforms in rural areas. Now, it aims to do so in urban areas.
In terms of pure numbers, the total defence budget for 2024-25 stands at Rs 6,21,940 crore as against Rs 6.23 lakh crore in the revised estimates for the last fiscal.
Full budget sees sizeable increase in development aid to Sri Lanka, while assistance to Maldives sees drastic cuts from both 2023-24 revised estimates and 2024-25 interim budget.
Disenfranchisement by institutional fiat is profoundly undemocratic. The effect of the ECI's new documentary process in Bihar will tilt the scales in favour of the BJP.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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