Union Budgets are always hits and misses for all Finance Ministers. On February 1, 2023, as FM Nirmala Sitharaman presented her 5th and last Budget for PM Modi’s 2nd tenure Government, it is important to note that the budget holds extremely high significance in wake of multiple factors and constraints. These includes pre-election Budget, critical in time when there are no signs of Russia-Ukraine war ending, and concerns of growth in wake of economic crisis in the West. Any untoward volatility in crude price or exchange rates holds the potential to hurt the economy. Amid such compulsions, the Government is also sitting on benefits arising from tailwinds like higher than projected tax collections and higher tax buoyancy along with an encouraging economic growth outlook. Tax buoyancy has helped the
Government in augmenting higher than budgeted tax revenues. This was backed by a better than expected economic recovery, backed by strong surge in industrial production and exports. Success of Productivity Linked Incentives (PLI) schemes in reducing imports and making Make In India and atmanirbhar Bharat possible along with promoting exports of products like Mobile Phones that India was importing has increased confidence of the Government in pushing PLI schemes in more sectors.
While lot of dissection of the Budget is done, this article endeavours to evaluate it from the prism of three major forward looking themes and its likely impact on the economy.
CAPITAL FORMATION DRIVEN ECONOMIC GROWTH
Denne historien er fra ORGANISER 12 FEB 2023-utgaven av Organiser Weekly.
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Denne historien er fra ORGANISER 12 FEB 2023-utgaven av Organiser Weekly.
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GOING INTO ELECTION MODE
AS KARNATAKA IS ALL SET FOR LEGISLATIVE ELECTIONS IN MAY THIS YEAR, FACTORS LIKE THE DEMAND FOR RESERVATION, ANTI-INCUMBENCY AND VARIOUS OTHER CONTROVERSIES WILL MAKE THIS ELECTION QUITE INTERESTING
ISLAMIC NATION AT A CROSSROADS
AMID POLITICAL INSTABILITY AND MILITARY INTERVENTION, PAKISTAN IS GRIPPED BY ECONOMIC CRISIS WHICH IS FURTHER DETERIORATING: IT WOULD BE INTERESTING TO WATCH HOW THIS ISLAMIC NATION OVERCOMES THE SITUATION
A GAME-CHANGER FOR INDIAN ECONOMY
THE DISCOVERY OF 5.9 MILLION TONNES OF LITHIUM DEPOSITS IN JAMMU AND KASHMIR WILL CHANGE INDIA’S FORTUNE AND ITS JOURNEY TOWARDS SELF-RELIANCE IN ENERGY. IT WILL ALSO CHANGE THE FACE OF THE COUNTRY’S EV SECTOR
REVIVALISM FOR TRANSFORMATION
SWAMI DAYANAND SARASWATI, A REMARKABLE EDUCATIONIST AND REFORMER, PLAYED A SEMINAL ROLE IN REMOVING ORTHODOXY AND OTHER SOCIAL ILLS PLAGUING THE HINDU SOCIETY. HE ALSO MADE EDUCATION ACCESSIBLE TO ALL
'PM MODI'S POLICIES BEHIND BJP'S ENTRY IN NAGALAND'
The entire North East is witnessing a change since the Modi Government came into office in 2014.
RESOLVE TO RECLAIM OUR TERRITORY
FEBRUARY 22 IS MARKED AS THE SANKALP DIWAS RESOLUTION DAY). IT REMINDS US OF THE RESOLVE THE PEOPLE OF INDIA, THROUGH THEIR REPRESENTATIVES IN PARLIAMENT, TOOK TO RECLAIM THE TERRITORIES THAT WERE OCCUPIED THROUGH AGGRESSION IN 1948
WHAT'S COOKING?
RUSSIAN PRESIDENT VLADIMIR PUTIN IS NOT KNOWN TO OFTEN MEET FOREIGN LEADERS BELOW THE RANK OF HEAD OF GOVERNMENT, EVEN FOREIGN MINISTERS ARE RARELY GIVEN AUDIENCE. SO WHEN HE HAD AN HOUR-LONG TETE-A-TETE WITH INDIA’S NATIONAL SECURITY ADVISOR AJIT DOVAL IN MOSCOW RECENTLY, IT CAUGHT THE WORLD’S ATTENTION
A WAY TO DELIVER JUSTICE
WHEN OUR CONSTITUTION MAKERS PROVIDED RESERVATION BENEFITS TO THE SCHEDULED TRIBES, THEY WANTED TO SAFEGUARD THE TRIBAL POPULATION WHILE ENSURING AMPLE OPPORTUNITIES FOR THEM TO PROGRESS. UNFORTUNATELY, RAMPANT CONVERSION HAS CREATED A SITUATION WHERE THE CONVERTS ARE AVAILING DOUBLE BENEFITS WHEREAS TRIBALS WHO CONTINUE TO MAINTAIN THEIR FAITH ARE DEPRIVED OF THE OPPORTUNITIES MEANT FOR THEM
LEGISLATIVE AND JUDICIAL PERSPECTIVE
THE ISSUE OF DELISTING IS BEING RAISED SINCE MANY DECADES. EVEN ATTEMPTS WERE MADE IN PARLIAMENT FOR CONSTITUTIONAL AMENDMENTS TO DELIVER JUSTICE TO THE TRIBAL COMMUNITY. THIS MATTER IS ALSO BEING HEARD IN VARIOUS COURTS
JUSTICE FOR JANJATI COMMUNITY
THE 'JANJATI GARJANA DELISTING RALLY' WAS ORGANISED IN BHOPAL, MADHYA PRADESH ON 10 FEBRUARY. THE RALLY WAS ATTENDED BY EMINENT PERSONALITIES FROM THE COMMUNITY. NOTABLY, SUCH RALLIES ARE BEING IN ORGANISED CONTINUOUSLY IN STATES WHICH HAVE SIGNIFICANT TRIBAL POPULATION SUCH AS MADHYA PRADESH, CHHATTISGARH, ARUNACHAL PRADESH AND ELSEWHERE IN THE NORTH EAST