There is by now an established template of reactions to the Union Budget which is drearily familiar to Indians. The government side is generous in the use of expressions such as ‘bold’, ‘pro-growth’ and ‘pro-people’ to describe the annual exercise. Conversely, the Opposition is never miserly in using terms such as ‘inflationary’, ‘anti-people’ and ‘anti-poor’…Continue Reading
Disinvestment in public sector has become necessary to balance deficit, says tax consultant Tax consultant and honorary working president of SJMV Society Arvind Kubasad has termed the Union Budget for 2022-23 as the one with highest fiscal deficit.Presiding over an ‘Interaction on Union Budget 2022-23’ at SJMVS Arts and Commerce College for Women in Hubballi…Continue Reading
View of Parliament during ongoing Budget Session, in New Delhi, Wednesday, Feb 2, 2022. (PTI Photo)Parliament Budget Session Live Updates: The Rajya Sabha on Friday was adjourned after discussing two important Private Member Bills: Companies (Amendment) Bill, 2019 and Population Regulation Bill, 2019. The Upper House also held question hour before the discussion over these…Continue Reading
SynopsisThe government has smartly sidestepped on the legality of cryptocurrencies while showing its disinclination to support these, by levying a huge tax burden on those making money from such virtual digital assets, as the Finance Bill has tried to define it.iStockCryptocurrencies, along with other virtual digital assets, were hanging by a thread of uncertainty. The…Continue Reading
India’s Finance Minister Nirmala Sitharaman on Tuesday (February 1), presented the Budget 2022-2023 aiming to put the economy on the path of development amid the ongoing coronavirus (COVID-19) pandemic. Overall, the government emphasised capital expenditure and investments to power the country’s GDP growth forward with a pro-growth Budget. The government is aiming to step up…Continue Reading
NEW DELHI: With the pandemic affecting psychological and emotional health, Union finance minister Nirmala Sitharaman announced the roll-out of the national tele-mental health programme to improve access to quality mental health counselling. Presenting the Budget for 2022-23, Sitharaman also announced an open platform for the National Digital Health Ecosystem, which will consist of digital registries…Continue Reading
नवीनतम बजट दस्तावेजों के अनुसार, सरकार ने महामारी वर्ष 2020-21 में योजना पर 1.1 लाख करोड़ खर्च किए थे.नई दिल्ली: बजट 2022 में सरकार के ग्रामीण रोजगार कार्यक्रम मनरेगा के लिए आवंटन में 25 प्रतिशत की कमी की गई है, भले ही महामारी के दौरान इन नौकरियों पर भारत के गरीब लोगों की निर्भरता बढ़…Continue Reading
Having closed the high-profile disinvestment process of Air India, the government also decided to retire the airline’s debt, which it transferred to a special purpose vehicle. In the Union Budget 2022-23, the government allocated an additional Rs 51,971 crore towards the settlement of outstanding guaranteed liabilities of Air India and its other “sundry commitments”. This…Continue Reading
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The Budget has opened a new route for foreign universities to set up campuses in India — through GIFT IFSC (international financial services centre) in Gujarat — where they will not be encumbered by domestic regulations. Finance minister Sitharaman said that worldclass foreign universities and institutions will be allowed to operate in the GIFT City…Continue Reading