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.
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.
Federation of Indian Export Organisations chief A. Sakthivel also hopes the upcoming foreign trade policy will tackle overseas marketing of exports & transport subsidies of agri exports.
The Modi government has given a boost to capital expenditure and announced several infra projects to pump-prime private investment and economic recovery.
Budget’s message for our political economy is, this is still a fiscally responsible govt playing the long game. It isn’t for these assembly elections, but it certainly is for 2024.
Modi govt's Budget has, in fact, made a push to make offline education more robust, but some experts feel it's not enough. Edtech sector has welcomed the announcements.
The changes in budgetary allocations of key schemes will likely affect the Indian agriculture sector. Budget 2022 should lay the foundation for PM Modi's ‘Amrit Kaal’.
In Budget 2022, FM Sitharaman labels cryptocurrencies as ‘digital assets’ and not currency, and taxes income gains from their transactions at a high 30%.
The looser spending puts India on track to post one of the deepest budget deficits among major economies as nations spend their way out of the Covid-induced downturn.
Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities.
According to contract for 73 Tejas Mk-1A and 10 trainer aircraft, inked on 1 February 2021, the first Tejas was to be delivered within three years of signing the deal — February 2024.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
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