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File photo of Finance Minister Nirmala Sitharaman at a ration shop in Telangana | representational image | ANI

How Budget 2023 choked three schemes critical to managing food inflation

The reduced allocation may imply that government agencies will not procure and sell any pulse, oilseeds or cotton if their prices fall below MSP during FY24.
File photo of finance secretary T. V. Somanathan | ANI

Rich can make full use of exemptions, not poor — new...

T.V. Somanathan argued that supposed progressive nature of direct taxes in old regime doesn’t hold because lower-income households can’t meet full exemption limits while rich easily can.

Defence

India is modernising its armed forces and trying to reduce defence imports | Manisha Mondal | ThePrint

Budget 2023: Defence gets 13% more than last yr. Pensions &...

Capital budget increased to Rs 1.62 lakh crore from 1.52 lakh crore. Navy, Army see substantial increase but allocation for procuring aircraft, aero engines goes down.
Illustration by Soham Sen | ThePrint

Market has won & now it’s for Adani to decide whether...

If the political establishment responds to a situation like this as if it’s something that must only play out between a corporate & the market, it's coming of age of Indian capitalism.