The speech reflected growing trend in TDP to position Nara Lokesh as successor to his father & CM Chandrababu Naidu. Deputy CM Pawan Kalyan got lone mention.
Monthly allowance for women, housing for the poor, subsidised gas cylinders, increased pensions, and 2 lakh govt jobs feature in both the Congress and BJP manifestos.
Revenue surplus has been estimated at Rs 1,700 cr. Water resources, women & child development, MSME, cow welfare & happiness departments see major hikes in outlay. No new taxes announced.
For FY25, Bihar's assumption of revenue surplus seems optimistic, while UP's seems doable. In Punjab, main concern is that targeted reduction in fiscal deficit is to come by cutting capex.
In his maiden budget, state finance minister Thangam Thennarasu also announced a housing scheme to make the state 'hut-free' by 2030 & project to reduce water pollution in North Chennai.
Data reveals that states with a lower variance between their estimates and their actual expenditure do better in terms of governance outcomes. Spending less isn't the solution.
While a higher capital outlay has been budgeted for FY 23-24, trends of last FY suggest states have underspent on capex & are unlikely to achieve their targets for 2022-23.
Each billion dollars we spend on GPUs and AI hardware is akin to planting more neurons in the simulated brain we are building. And this brain is expanding — quickly.
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.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
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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