FM Nirmala Sitharaman announced Bharat-VISTAAR, multilingual AI tool to enhance farm productivity and enable decision-making for farmers. It’s received mixed reactions.
This system has also meant that the Centre can transfer money to states for a scheme exactly when they need it, rather than having to park funds in bank accounts for the full fiscal year.
Govt has done well to stick to path of fiscal consolidation. It’s unclear if compression of revenue spends net of interest payments is the direction the govt would like to take in coming yrs.
US-India Business Council praises focus on nuclear energy & critical minerals but stresses need for clear private-sector roadmaps & streamlined regulatory approvals for long-term success.
Congress's Chidambaram says BJP designed Union budget to appeal to middle class and poll-bound Bihar, slams 'cruelest cuts' in allocations for SC, ST, OBC and minorities.
Only headline-worthy highlight will be income tax relief for middle class. Most audacious & positive statement? Intent to amend Atomic Energy Act & Civil Liability for Nuclear Damage Act.
The 49 percent increase in allocation for border infrastructure and management likely to speed up the strengthening of the security grid in border regions.
Budget announced that India’s nuclear energy capacity, which is currently 8 GW, will develop to 'at least 100 GW by 2047', by promoting small modular reactors.
DMK govt accuses Centre of withholding funds, tightening borrowing, unilateral deductions from state accounts. Says Centre's accounting & funding decisions have 'artificially inflated' debt burden.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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