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Showing posts with the label Union Budget

ECI Extends Ban On Public Election Rallies Till February 11: Economic Survey Tabled And Budget-2022 Tomorrow!

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We must commend the constitutionally autonomous body of the Election Commission of India (ECI) for sticking to its strong resolve to make the upcoming 7-phase state assembly elections COVID-safe for all by extending the pandemic ban on rallies/roadshows till February 11 following a review for the second time today which is quite effectively done as the first phase of the elections begins on 10 th February. While announcing the dates for assembly elections in five states on 8 th January the ECI banned all public rallies, roadshows and bike or cycle marches till 15 th of that month subject to a review on 15 th January and in that review the ECI stuck to its ban, only allowing physical rallies subject to a maximum of 500 persons for the political party candidates to contest in the first phase from January 28, a date when all formalities of nominations for that phase are completed. Similarly, for the second phase the relaxed rallies to commence from 31 st January with the same restri

Union Budget-2020: The Optional Personal Income Tax Regime In India!

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Union Finance Minister Nirmala Sitharaman today presented the Union Budget for 2020-21 in Parliament. A few novelties are seen immediately: the Minister’s budget speech of more than 160 minutes proved to be the longest one in history; for the first time the Budget was presented in three innovative categories—Aspiration India, Economic Development and Caring Society with their divisions and sections; a new scheme of setting up solar pumps for farmers having barren lands thus allowing them to earn even without cultivation; identifying 100 water-stressed districts of the country for action in light of the looming water crisis; and a lucrative income tax regime of lower rates which only turns out to be optional. While economists and corporate stalwarts had been shouting all these months about boosting up the demand factor in view of a slowdown and growing unemployment the Budget didn’t list out specific measures to increase consumption or to provide more employment opportunities apart