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Is Budget Allocated To Defense Sufficient Practically?

Pooja YadavFebruary 12, 20220

We have seen an increment in the allocation of finance for defence in the current Union budget. The allocated budget to the defence sector is Rs 5.25 lakh crore. Out of this, Rs 2.33 lakh crore is allowed for revenue expenditure for maintenance of salaries and other purposes. Rs 20 thousand crores was allocated to the ministry of defence and Rs 1.39 lakh crore for the pensioners. Rs 1.5 lakh crore for the capital expenditure was allotted including purchasing of military equipment, warships, and other hardware. In a layman language, we can understand in this way that 28% of the total fund allocated to the defense sector is available for the modernization of our forces. India's vulnerability in this hostile situation is increasing rapidly, the lack of funds for new weapons, ai...

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ArticleEventsInternationalLatest News

Elon Musk’s Sad Story and His Unsuccessful Mission With 49 Satellites

Pooja YadavFebruary 12, 20220

Elon Musk's space exploration technologies corporation, SpaceX, said no debris is predicted to hit the bottom as 40 satellites are re-entering or already entered the Earth's atmosphere. There's no risk of collision with other satellites, the company said. The 49 satellites were launched from the Kennedy Space Centre in Florida on February 3 and were placed in initial orbit, closer to Earth. the company said it placed the satellites in a close-by orbit to hold out final checks before flying them into space. Around 40 of them were struck and destroyed by a geomagnetic storm on Feb 4. A geomagnetic storm is a space weather event, caused by ejections of the solar corona into space, resulting in disturbances in the Earth's upper atmosphere and increased drag on objects in low orbits. ...

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ArticleLatest NewsScience & Tech

Centre Bans Drone Imports; Know About New Rules!

Snehashish RoyFebruary 10, 20220

The Union government has banned the import of drones in India on February 9, with some exceptions. However, there will no restrictions on the import of drone components. This move is aimed toward giving boots to the domestic manufacturing of drones. Pushing Domentic Manufacturing According to research by the Bureau of Indian Standards (BIS), the drone market in India has been accounted for nearly 4.25% of the world's drone market in FY22. The global market value of drones is estimated at $28.5 billion. The government is aiming its focus to encourage the domestic production of drones. The market is expected to expand in this decade. Ban Except For Defence Purposes The Centre has imposed bans on completely knocked down (CKD), semi-knocked down (SKD) and completely buil...

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ArticleCOVID-19Politics

Congress Responsible For Spreading COVID-19 Through Migrant Exodus: Is PM Modi Shrugging Off Accountability Again?

Snehashish RoyFebruary 9, 20220

Prime Minister Narendra Modi seemed rather unthankful on various grounds during his last vote of thanks speech in Parliament. He blatantly accused the Opposition of stirring up migrant labourers to exit Mumbai, which eventually led to a crisis situation across the country. According to PM Modi, all non-BJP parties are responsible for the plight across the country post-lockdown, except the ruling government. He pointed the distribution of free train tickets acted as an instigation to migrants to leave the city. "The Congress Party has crossed all limits in this time of Covid-19… During the first wave, when the country was following lockdowns, when the World Health Organization was advising people across the world, all health experts were suggesting that people should stay where t...

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ArticleLatest News

Centre’s Pursuit To Constrain Journalism: Announces Stricter Policy For Accreditation

Snehashish RoyFebruary 9, 20220

The Press Information Bureau (PIB) has announced a revised set of conditions in the accreditation policy for journalists. The latest policy change was introduced by the Union ministry of information of broadcasting. It states that a government accreditated journalist can lose their status on the grounds of acting in a manner that deems "prejudicial to the sovereignty and integrity of India, the security of the state, friendly relations with foreign states, public order, decency or morality or in relation to contempt of court, defamation or incitement of an offence.” The latest changes in the policy are different from what was issued in 2013. Earlier, under the general terms, the accreditation was stated to be withdrawn right after the conditions of its issuance fail to exist or...

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township
ArticleNews

Know More About “Jagananna Smart Township Website”

Pooja YadavFebruary 8, 20220

Minister of Andra Pradesh, on Jan 11, 2022, YS Jagan Mohan Reddy, launched the “Jagananna Smart Township website”. the net site was launched from the Tadepalli Camp office. Why was the net site launched? the website was launched because most middle-class families try and buy a house or land for building their dream home, but they fall prey to realty agents sometimes and find themselves into a deal that isn’t economically sound. the net site would help the citizens in completing their dream of owning a house. the online site will provide the land with clear and litigation-free titles in a transparent manner further to produce an inexpensive price below the non-profit market.Jagananna Smart Town Scheme 2022 has been launched by the government. of state. The Chief Minister of the sta...

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pushpa
ArticleEntertainmentEventsHotIndiaInternationalTrending

“PUSHPA Fire Hai” Know The Connection Between The Movie And Red Sandalwood Of Andhra Pradesh!

Pooja YadavFebruary 8, 20220

Allu Arjun starrer "PUSHPA" is based on the real story of the red sanders of Andhra Pradesh. Surprised to know! Red sanders are the exclusive tress of Andhra Pradesh International cost of these Sandalwood is in dollars and is worldwide famous. Countries are ready to pay in dollars for these sandalwoods. People are ready to pay a huge amount for the products and cosmetics made up from red sandalwood. On one side the international demand for red sandalwood has depleted the forest on the other hand because the government imposing many protectionist laws has given a chance to many smugglers to smuggle it. Through this article let's find out the different aspects of red sandalwood smuggling and also how the steps taken by the government gave a turn to red sandalwood smuggling. Red sa...

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ArticleFinanceScience & Tech

Tesla Faces Obstacles To Expand Its Market To India; Know Why Centre Refused Its Tax Cut Proposal?

Snehashish RoyFebruary 8, 20220

The US-based electric vehicle manufacturer, Tesla Inc., has been recently turned down by the Indian government on a proposal demanding a tax cut for importing manufactured cars into the country. The proposal was rejected under the pretext of a non-coherent plan by the EV manufacturer. Tesla Inc. tabled the proposal to deduct import tax on fully assembled cars that the company will export into the country. It has no immediate plans to set up a manufacturing unit in India. While the move may not be environment-sensitive, there are certain reasons why the government decided to discard Tesla's proposal. Unfavourable Move Tesla's proposal to implement duty cuts came with no detail on establishing its manufacturing units in India. However, it detailed that the construction of domestic ...

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elon musk
ArticleBusinessFinanceNews

Center Rejects Tesla’s Request To Relax Import Tax Regime; Read To Know More!

Pooja YadavFebruary 8, 20220

The Centre has rejected Elon Musk's claims on the "challenges" that the billionaire said his company Tesla is facing while working with the Indian government to urge its cars to be launched within the country. Sources told Business Today that Musk is trying to place pressure on the government. Through social media, Tesla wants the country to cut back import duties on its cars without committing to provide within the country. The Centre has once more turned down the demand for tax cuts to import electrical cars, said rules already permit conveyance in partially-built vehicles and collecting them domestically at a lower levy. Indian government levies a 60% import tax on electric vehicles priced at $40,000 or less, and 100% on those priced above $40,000. Tesla cars start at $44,690 (...

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statue of equality
ArticleCultureEventsNewsTravel

Hyderabad: PM Unveils The Statue Of Ramanujacharya; Know More About Hindu City

Pooja YadavFebruary 8, 20220

Prime Minister Narendra Modi unveiled a statue of Hindu saint Ramanujacharya on the outskirts of Hyderabad, which is termed the Statue of Equality. The 216 feet Statue of Equality is made of Panchaloha — an associate alloy of five metals particularly gold, silver, copper, brass, and zinc — and is among one of the tallest argentiferous statues in sitting position among the globe. It's mounted on a 54-foot-high base building named ‘Bhadra Vedi’, that homes a sacred text digital library, ancient Indian texts, a theatre, associate tutorial gallery on the works of Ramanujacharya. It had been conceptualized by Sri Chinna Jeeyar Swamy of Sri Ramanujacharya Ashram. Vaishnava's saint's sculpture, popularly known as the sculpture of Equality is going to be disclosed to commemorate Raman...

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cryptocurrency
ArticleFinanceLatest News

Cryptocurrency Becomes Taxable: A Step Towards Its Legalisation In India?

Pooja YadavFebruary 7, 20220

Finance minister Nirmala Sitharaman, while presenting the union budget, has labelled cryptocurrency as digital assets and their transaction is now taxable by 30%. Whatever profit is earned out of the cryptocurrency and other digital assets, 30$ of direct tax will be levied, which is a heavy amount. Does this signal that cryptocurrency has been legalised in the country? Cryptocurrency may be a digital payment system that does not deem banks to verify transactions. It’s a peer-to-peer system that will alter anyone anyplace to send and receive payments. Rather than being physical cash carried around and changed within the globe, cryptocurrency payments exist strictly as digital entries to internet info describing specific transactions. After the transfer of cryptocurrency funds, the tran...

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ArticleFinanceIndiaLatest News

Want To Know Some Facts About Income Tax ?-Read On!

Pooja YadavFebruary 5, 20220

The government collects tax for meeting its different expenses. The government uses these tax collections for meeting different expenses like expenses on the infrastructure, defense, welfare schemes, education, and health. The taxes are collected by the government through a system. Many times government covers these expenses takes the loan and raises money from other means too. Income tax is a very important means of collecting revenue among the other sources. According to the report of Times of India,28 percent of the government s revenue was contributed by the taxpayers in 2020-21. This figure becomes more interesting when we get to know that out of this only 1 percent of the people give income tax. In the budget, Nirmala Sitaraman our finance minister recognize the efforts of t...

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