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The NDA government’s decision to tax crypto assets without first creating a regulatory framework for their transactions is baffling. Finance Minister Nirmala Sitharaman’s announcement, in her Budget presentation, that any income from transfer of any virtual digital asset would be taxed at the rate of 30% reflects the Centre’s eagerness to dip into the digital […]
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Hyderabad: Telangana Pradesh Congress Committee (TPCC) president A Revanth Reddy on Wednesday said the budget presented by union Finance Minister Nirmala Sitharaman was beneficial to rich people only. Speaking to media persons in New Delhi, he said Chief Minister K Chandrasekhar Rao did not ask about the funds for Telangana during the press conference on […]
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Hyderabad: The Union Budget 2022-23 came as a big shock for Telangana as all its demands for additional funds and new projects were ignored. The budget speech of Finance Minister Nirmala Sitharaman also had no mention of the commitments made to the state under Andhra Pradesh Reorganisation Act 2014. The state had high hopes from […]
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Mumbai: Maharashtra Minister Aaditya Thackeray on Tuesday said that the Union Budget 2022-23 looks more like a manifesto wherein most of them are announcements only. Slamming the Centre, Thackeray told the reporters, “This budget looks more like a manifesto. In this budget, mostly announcements are made and it will be important to see the outcome.” […]
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Soon after presenting her shortest Budget speech yet that lasted for some 92 minutes, Finance Minister Nirmala Sitharaman addressed the media, directly. There were no opening statements. Sitharaman’s fourth Budget in a row neither tinkered with tax slabs nor raised the standard deduction, which was widely expected in view of elevated inflation levels and the […]
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Hyderabad: The announcement in the union Budget 2022-23 of introducing flat 30 per cent taxation on income from crypto and digital assets is being seen as a welcome move for innovators and experts working in this field. In her speech, Finance Minister Nirmala Sitharaman said, “There has been a phenomenal increase in transactions in virtual […]
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Neglecting progressive States like Telangana once again demonstrates that Modi’s catchphrase “Team India” is just a slogan
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Hyderabad: Chief Minister K Chandrashekhar Rao demanded that the Centre clarify whether cryptocurrency has been legalised in the country. He asked Prime Minister Narendra Modi and union Finance Minister Nirmala Sitharaman to explain if cryptocurrency has been validated. He questioned on what basis does the union Finance Minister announce plans to impose 30 per cent […]
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Hyderabad: Chief Minister K Chandrashekhar Rao accused Prime Minister Narendra Modi of attempting to shift the International Arbitration Centre established in Hyderabad to Ahmedabad in Gujarat. He said union Finance Minister Nirmala Sitharaman’s announcement on the establishment of an International Arbitration Centre at Gujarat International Finance Tec-City (GIFT) was an attempt to overshadow the existing […]
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Hyderabad: Telangana State Planning Board vice-chairman B Vinod Kumar on Tuesday said the union budget presented by Finance Minister Nirmala Sitharaman left everyone disappointed. The union Budget would not benefit any community in the country, he said in a statement issued here. Priority was not given to the education, health, education, agriculture and welfare sectors […]
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Hyderabad: Telangana State BJP president Bandi Sanjay Kumar on Tuesday said the budget presented by the union Finance Minister Nirmala Sitharaman was acceptable by everyone. “My salute to the Prime Minister Narendra Modi and Nirmala Sitharaman for presenting a bold budget,” he said in a statement. He added that the Central government did not impose […]
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Hyderabad: Telangana Rashtra Samiti president and Chief Minister K Chandrashekhar Rao on Tuesday gave a clarion call for the awakening of the people of the country, particularly the youth, to wage a battle against the divisive politics of the BJP government at the Centre, and declared that the need of the hour was a new […]
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New Delhi: Giving clarity on taxation of cryptocurrencies and other virtual assets, Finance Minister Nirmala Sitharaman on Tuesday proposed a 30 per cent tax on income from transactions in such assets. Also, to bring such assets under the tax net, she proposed a 1 per cent TDS (tax deducted at source) on transactions in such […]
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Hyderabad: The union Budget 2022-23 turned out to be a major disappointment for Telangana, with no specific assurances or allocations given to support the State in the next fiscal. union Finance Minister Nirmala Sitharaman presented the budget in the Lok Sabha on Tuesday, had no provision to address the promises made under Andhra Pradesh Reorganisation […]
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New Delhi: Congress leader Rahul Gandhi on Tuesday dubbed the Union Budget for 2022-23 as a “zero-sum budget”, saying it has nothing for the salaried, middle class and the poor. His comments came soon after Finance Minister Nirmala Sitharaman presented the Union Budget in Parliament “M0di G0vernment’s Zer0 Sum Budget! Nothing for – Salaried class, […]
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New Delhi: The government is committed to reduce imports and promote self-reliance in the defence sector, Finance Minister Nirmala Sitharaman said on Tuesday. She said that 68 per cent of capital for the defence sector would be earmarked for the local industry. Sitharaman also said that 5 per cent of Universal Service Obligation (USO) Fund […]
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New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said that this year’s Budget would continue to provide impetus to growth. The economic recovery is benefitting from public investments and capital spending, she said in her Budget 2022-23 speech. She added that inclusive development, productivity enhancement, energy transition and climate action are four pillars of development. […]
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New Delhi: The Union Cabinet headed by Prime Minister Narendra Modi on Tuesday approved the Budget 2022-23, sources said. The Budget will be presented by Finance Minister Nirmala Sitharaman in a short while from now in the Lok Sabha. The Budget documents usually include the finance minister’s speech in Parliament, highlights, annual financial statement, finance […]
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New Delhi: A Union Cabinet meeting is underway ahead of the presentation of Budget 2022-23 by Finance Minister Nirmala Sitharaman at the Parliament on Tuesday. Earlier today, Sitharaman met President Ram Nath Kovind ahead of the Budget presentation. She was accompanied by Ministers of State for Finance Pankaj Chaudhary, Bhagwat Karad and other officials from […]
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New Delhi: Finance Minister Nirmala Sitharaman and Ministers of State for Finance, Pankaj Chaudhary and Bhagwat Kishanrao Karad, and senior officials of the Ministry of Finance on Tuesday met President Ram Nath Kovind ahead of the Union Budget 2022-23 presentation. The Cabinet is scheduled to meet at 10.10 a.m. to give the ascent to the […]
