NEW DELHI: With the logjam in Parliament showing no signs of ending , Lok Sabha Speaker Om Birla is set to order a guillotine on Thursday, a procedure that allows the budget to be put to vote without discussion, following which the lower house is likely to take up the finance bill.Lok Sabha will take […]
WASHINGTON: With Republicans in control of the House, there’s no chance that President Joe Biden’s new budget plan will become law as it stands. Instead, the financial blueprint that he’s announcing in Philadelphia on Thursday will serve as a political talking point for a president preparing to run for reelection.“When you look at the budget, […]
BEIJING: Amid global unease about PLA‘s increasingly aggressive behaviour, China Sunday hiked its defence budget by 7.2%, marginally higher than last year, to 1.55 trillion yuan (about $225 billion), marking the eighth consecutive year of increase in military spending. China increases def budget 7.2% to $224bn, 8th consecutive hikeChina will boost defence spending 7.2% this […]
Of all the Budgets she had so far presented, Nirmala Sitharaman’s fifth was seen as a critical one because of the approaching Lok Sabha polls. Persisting global headwinds and a high fiscal deficit made the task more complicated. But she has delivered, coming out with a Budget that seeks to build for the future — […]
NEW DELHI: The defence budget registered a modest hike despite the continuing 33-month long troop confrontation along the frontier with China. Moreover, the allocation for military modernization was just over one-fourth of the total outlay due to the hefty revenue expenditure and pension bill.The defence budget was pegged at Rs 5.93 lakh crore ($72.4 billion), […]
By Anita Basrur People are eagerly waiting for the Union Budget 2023-24 announcements. This is one annual activity that the citizens look forward to. The expectations from various sectors are high keeping in mind the general elections that are to be held next year. People are looking at solace to their financial concerns keeping in […]
