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Monday, May 6, 2024
TopicUnion Budget

Topic: Union Budget

PM Kisan’s direct transfers can help food distribution. But there are four challenges

During natural calamities like droughts, floods or pandemics, cash transfers may not be of much help. It is a good policy to distribute food grains rather than cash.

PM Modi appeals to stakeholders to speed digital varsity set up, says it’ll solve ‘problem of seats’

PM was speaking at webinar organised by Education Ministry to discuss implementation of this year’s education budget. Digital University was part of announcements for education budget.

Why Modi govt is betting on the construction sector to rebuild economy & create jobs

The big capex push will not only create productive assets, but also more jobs. This, in turn, will create sustainable demand as well as crowd in private investment and push growth.

LIC IPO inflow will be larger than budgeted, ‘done’ by March this year: Economic Affairs Secy

So far, the govt has raised Rs 12,029 cr from disinvestments in FY22, Budget has revised target down to Rs 78,000 cr. Assumption is that the rest will be brought in via LIC IPO.

100 Gati Shakti cargo stations will address logistical challenges in long run: Exporters’ body

Federation of Indian Export Organisations chief A. Sakthivel also hopes the upcoming foreign trade policy will tackle overseas marketing of exports & transport subsidies of agri exports.

How Modi govt has given legal sanction to cryptocurrencies in India, through the backdoor

In Budget 2022, FM Sitharaman labels cryptocurrencies as ‘digital assets’ and not currency, and taxes income gains from their transactions at a high 30%.

Modi govt continues infra push, Budget shows big jumps for highways, transport & tap water

Finance Minister says Gati Shakti Master Plan for expressways will be formulated to facilitate faster movement of people & goods. It will build 25,000 km of expressways in 2022-23.

Economic Survey forecasts 8-8.5% GDP growth in 2022-23, below IMF projection of 9%

Global economic environment a concern with inflation becoming an issue across the world, says Economic Survey 2021-22, tabled by Finance Minister Nirmala Sitharaman in Parliament.

Indians want agriculture, roads infra as top focus in FM Sitharaman’s FY23 Budget, survey shows

On development front, 33% Indians want agriculture to be top focus while 31% prefer roads & highways to be the key area, the survey says, adding 47% seek health focus on social front.

Highways budget could jump 30% to Rs 1.8 lakh crore as Modi govt set to continue infra push

FM Sitharaman is likely to raise NHAI capex, but its borrowings from external sources will be curtailed. Highways asset monetisation's plans are on track.

On Camera

‘Trade, not aid’—Narasimha Rao’s 1991 reforms speech that changed India’s economic landscape

On 9 July 1991, then-PM PV Narasimha Rao addressed the nation days before the Budget presentation, admitting that the job of repairing India's sick economy won't be easy, quick, or smooth.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.