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.
‘Mother kept pouring water in our eyes whenever the burning became unbearable. She pushed our bodies deep into the blanket, making sure not a single part was exposed,’ my father said.
December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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