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.
ThePrint looked at Budget documents since Modi govt came to power in 2014, to calculate gap between budgeted and actual revenue earnings, revenue expenditures & borrowings.
Allocation for school education went up to 68,805 cr from last budget's Rs 63,449.37 cr. Substantial increase in funds for training teachers & grants-in-aid to state govts & UTs.
Less than 2 months ago, panel chaired by BJP MP P P Chaudhary had recommended more than doubling allocation to foreign ministry, to 1% from 0.44% of overall budget.
No import duty on machinery required to manufacture lithium-ion cells for batteries used in EVs, specific budgetary allocation for scrapping & replacing old govt vehicles.
Agriculture Accelerator Fund aims to bring 'innovative & affordable solutions for challenges faced by farmers' and modern technologies to increase productivity & profitability.
After dominating India’s crude imports since 2023, Russian supplies slowed amid US sanctions, but a 30-day ‘waiver’ amid West Asia tensions could now push flows back towards 2 mbpd.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
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