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.
MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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