Infrastructure & railway sector experts are, however, optimistic and emphasise that India has shifted focus from basic to building next-level infra & infra for future, which takes time.
When GST was rolled out in India, proposals pertaining to 45-50 per cent of the government’s tax revenue were taken out of the Budget and placed under the GST Council.
The budget endorsed by PM Fumio Kishida's cabinet on Friday, features military & welfare spending as it confronts regional security challenges from China & North Korea.
Growth next year is expected to slow down due to global headwinds & fading of favourable base effect. Budget must put economy on sustained growth path, consider spending priorities.
Since 2014, shortfall in disinvestment targets was highest in 2021-22 in percentage terms, even though absolute figure peaked last year at Rs 1.72 lakh crore.
As number of Covid cases has declined, both Rajya Sabha & Lok Sabha have returned to normal sittings for second part of Budget session — the two Houses will now convene concurrently.
New strategy would be a departure from earlier years (2017-18 to 2020-21), when govt kept very ambitious tax collection targets, but fell short of them by 7-8% each time.
The last time this matter flared up was when Delhi Chief Minister Rekha Gupta, in a very similar directive in April, called for the relocation of stray dogs in the capital.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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