Dr Shankar Acharya, former Chief Economic Advisor to the Government said that the budget for defence should be increased. He was speaking about expectations from the Budget. The discussion with journalist Mitali Mukherjee was part of Mint's Road to Recovery series focused on the upcoming Budget.
As the India-China border tension stretches on, Dr Laxman Kumar Behera, Associate Professor, Special Centre for National Security Studies, Jawaharlal Nehru University spoke on a solution to step up the defence sector. Dr Kumar said that levying additional taxes could be one of the solutions. The discussion with Mitali Mukherjee, Fellow, ORF was part of Mint's Road to Recovery series focused on the upcoming Budget. Watch the video for more.
G Mohan Kumar, former defence secretary spoke on the defence expenditure. Kumar said that if India is able to reduce redundancies, then expenditure can be saved. The discussion with Mitali Mukherjee, Fellow, ORF was part of Mint's Road to Recovery series focused on the upcoming Budget. Watch the video for more.
Distinguished Fellow and Head, Nuclear and Space Policy Initiative, Observer Research Foundation, Dr Rajeshwari Rajagopalan said that India’s defence budget has been disappointing over the years. “From the perspective of defence modernization, the Indian defence budget has been disappointing year after year with significant implications for national security. In fact in 2018, the Army Vice-Chief Lt. Gen. Sarath Chand made an unusually strong case in the parliamentary committee on defence stating the difficulty of the three services on account of the falling budget allocation,” said Rajagopalan. Watch the full video for more.
Director General, Centre for Contemporary China Studies, Lt Gen (Retd) S L Narasimhan said that it is difficult to peg the defence expenditure to a percentage of GDP. “I don’t think India has been complacent. Yes, there have been constraints on the budget, however, the budget alone is not the capability of the Indian armed forces. It has got many facets of training, experience and leadership,” said Narasimhan. He added, “Yes, we definitely need more money. There is no question about that.” Watch the full video for more details.
Budget 2020 has introduced a new optional tax regime for those who do not want to get the benefit of tax deductions and has made dividends taxable at slab rate. We get you the details of these and other proposals in this episode of Why Not Mint Money.
Exemptions and deductions translate into huge tax savings and so you may not exactly gain under the lower tax rate system.
A large number of items including cigarettes, tobacco products, medical equipment will become more expensive while items such as raw sugar, agro-animal based products, Tuna bait, skimmed milk, certain alcoholic beverages, soya fibre will become cheaper.
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The Budget 2020 didn’t have much more for the homebuyers except for those in the affordable housing segment. The finance minister has proposed to extend the benefit of additional tax deduction to homebuyers in the affordable housing segment.
Finance Minister chose an unconventional path, and announced the creation of a new tax regime which will be optional. Nitin Baijal, Director, Personal Tax, and Sameer Gogia, Director, Direct Tax at Deloitte, Haskins and Sells, explain the various direct tax initiatives in the Union Budget.
Union Finance Minister Nirmala Sitharaman presenting her second Budget at a critical time, experts from Deloitte, Haskins and Sells decode the government's announcements.
Mint and Editorji bring you the best coverage of the Union Budget 2020-21. Watch analysis of Finance Minister Nirmala Sitharaman’s budget speech as top economists, industry heads and politicians help decode how the 2020-21 Budget affects India.
