The Ladakh MP, Mohammad Haneefa Jan ,on Monday expressed concern on cutting by Rs. 976 crores Ladakh’s revised budget allocation for the capital component for the current financial year 2024-2025 that might slow down the region's progress.
The YSRCP boycotted the Budget session in the Assembly to protest against the Speaker who did not recognise YS Jagan Mohan Reddy as the Leader of the Opposition.
French President Emmanuel Macron’s efforts to break the political deadlock in France have taken on a sense of urgency as he narrows down his search for a new Prime Minister.
Leading budget carrier IndiGo on Friday said it will resume operations from Terminal 1 at the Delhi Airport from September 2.
Coming after a wait of almost six months, the Uni on Budget had kindled hopes in many breasts only to be dashed rudely by the Budget document. People who had set their sights on increasing their take home in come were left wondering whether they were better off earlier.
With the record budgetary allocation of 2.40 lakh crore, semi-high speed Vande Bharat Express trains, modern LHB coaches, a railway track with anti-collision technology armor, a new signaling system, a new type of wagons, construction of high-speed wheels, system dome coaches including all the development works could be done on the railway tracks.
For pensioners, the finance minister announced extending the benefit of standard deduction to new tax regime.
"50 additional airports, helipads, water aero drones, and advanced landing grounds will be revived to improve regional air connectivity," informed Sitharaman in Lok Sabha.
In 2019, the Union Budget was presented in a traditional 'bahi-khata' rather than a leather briefcase. It was the first time since independence that any Finance Minister had 'opted out' of a briefcase or a hardbound leather bag.
The government cannot ignore the middle classes totally because the ruling party has high hopes for support in voting from this class. So, it looks like it might indulge in some tinkering with the income tax rates. The peak in personal income tax may be brought down from the present 42.74 per cent since it is 25.20 per cent higher than that of the corporate tax. Also likely is the increase in the standard deduction from its 2019 set limit of Rs 50,000 to Rs 75,000 or Rs 1 lakh
