Budget has extended basic customs duty exemption on imports for nuclear power projects until 2035. while expanding this exemption to all nuclear plants irrespective of capacity.
With supply strains under pressure, the Centre will support rare earth corridors in Odisha, Kerala, Andhra Pradesh and Tamil Nadu, while cutting the customs duty on monazite to zero from 2.5 percent.
Twenty-five critical minerals essential for sectors like nuclear energy, renewable energy, space, defence etc exempt from customs duties. Angel tax abolished, in boost for startups.
Budget 2024: Apart from revising income tax rate structure, FM also proposed the abolishment of angel tax for start-ups, and unveiled big sops for Bihar and Andhra Pradesh.
Large chunks of the budget speech will, however, resurface in the BJP's election manifesto. Modi & Jaitley have also given their candidates many talking...
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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