A large portion of Sitharaman’s speech was dedicated to climate action and the energy transition — from supporting low-carbon sectors, to the announcing of green bonds.
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.
Budget deficit target is doable, increased capex is a positive & it takes a realistic, if political, view of disinvestment. But protectionism, rising debts, slashed subsidies are problems.
In Budget 2022, FM Sitharaman labels cryptocurrencies as ‘digital assets’ and not currency, and taxes income gains from their transactions at a high 30%.
According to documents, the slash is to account for reduced Covid vaccination need, even as 2nd doses are awaited for most aged 15-18 years & vaccinations for children are yet to roll out.
Indian judiciary has a corrosive imbalance between the bar and the bench. Those who supervise the district judiciary do so without the lived experience that is essential for meaningful reform.
November exports to the US saw 10% growth from the previous month. Overall, in the first 8 months this fiscal, the merchandise exports to the US touched has touched $59bn.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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