US Defence Secretary Llyod Austin described China as a pacing challenge for the United States.
'India is one of the most important and promising emerging markets in the world, and represents a tremendous opportunity for US firms to expand their output of goods and services.'
With the Budget-making exercise in full swing, RBI Governor Shaktikanta Das on Friday said Budget 2021-22 is expected to be prudent and growth oriented. Das before donning the hat of RBI Governor was a career bureaucrat and was directly involved in crafting of about 10 Budgets for the country including one in the aftermath of global financial meltdown in different capacities at the finance ministry. In view of unprecedented pandemic and its impact on the economy, he said the government has maintained fiscal prudence in the response to deal with the crisis.
Corporate tax is likely to be cut to 24%.
US President Barack Obama has proposed a $7.4 million allocation in his annual budget for preservation of the tradition and culture of Tibet in the Tibetan Autonomous Region and other parts of China.
Specially designated global terrorist Sirajuddin Haqqani, who carries a reward of $10 million US bounty on his head, is the acting interior minister while his uncle -- Khalil Haqqani -- has been named as acting minister for refugees.
However, the Trump administration has left it for the State Department to take a final call on the issue.
The World Anti-Doping Agency (WADA) faces a challenge to tackle cheating in sport while it has an annual budget of less than the income of many top athletes, its president Craig Reedie said. Lack of money could equally prove a handicap for a proposed independent testing authority, said Reedie, who also expressed support for global athletics chief Sebastian Coe and said WADA was in a state of "peace not war" with Coe's troubled sport. "I could do with a lot more money," Reedie said in an interview with Newsweek published on Saturday. The Scot said governments decided their own contributions to WADA's budget, which were then matched by the International Olympic Committee (IOC). "The total is not nearly enough," he said. "WADA's total annual budget of $30 million a year is exceeded by many athletes around the world who make more than that themselves in one year."
Pakistan Cricket Board CEO Wasim Khan said Pakistan, the original host of the event, had agreed to let Sri Lanka conduct it in return for hosting the next regional event.
Here's how Ahmedabad is decked up to welcome Mr and Mrs Trump.
Understanding how money works is the first step toward making your money work for you, says Harshad Chetanwala, co-founder MyWealthGrowth.
With the farmers' protest against the three new laws and in support of legalising the minimum support price (MSP) going strong, state governments have announced a slew of measures in their annual Budgets to placate farmers. The Centre kicked things off in the Union Budget by assuring farmers that the MSP would continue and coming out with a report card to demonstrate its commitment. However, these efforts don't seem to have yielded tangible results. In their respective Budgets, states chose to go a step further by announcing a variety of measures.
The implementation of their recommendations means that an adequate apparatus to change this is at the disposal of the government.
The Bharatiya Janata Party, which promised us "maximum governance, minimum government" ought to make the annual Budget less of a national drama than it is today, says Rahul Jacob.
Amid all these changes which included replacement of the steam engines with diesel and electric locomotives, one thing has been constant: untidy stations and malodourous trains and stations.
Of all the Budgets presented over the years, Chidambaram under the leadership of Manmohan Singh is hailed for presenting the dream Budget in 1997.
The death toll climbed to 2,592 with 150 new fatalities while the total number of confirmed cases increased to over 77,000, health officials said on Monday.
Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.
The average rate of COVID-19 vaccination in the country has been 10.8 million per week. At that rate, it will take India till December 2024 to complete two billion doses.
The defence minister, after inaugurating 44 bridges at an online event, also said that the situation along borders with both the countries remains tense.
To adopt the January-December financial year cycle, the government needs to shrink the current financial year to three quarters and present the new annual budget to the state legislative assembly for its passage in December.
The Union Budget is not everyone's cup of tea. But here's how you can make it yours.
As remarkable as DRDO's contribution in containing and treating COVID-19 has been, its success over the last 15 months has been in its primary role of developing conventional defence equipment and technologies.
Inflation is a big concern for India, says RBI chief Raghuram Rajan.
Ahead of India's annual budget presentation next week, IMF's chief economist Gita Gopinath has favoured the extension of the pandemic support measures, thrust on investment in infrastructure and expanding health sectors programmes like Ayushman Bharat, and a very credible divestment path for commercially viable companies. The Indian government has provided a lot of schemes for small and medium enterprises, most of which is in the form of liquidity support, Gopinath told PTI on Tuesday. "And you want to revisit it and see how effectively that is working and see whether additional support may need to be provided," she said while responding to a question on her recommendations to Finance Minister Nirmala Sitharaman, ahead of her presentation of the annual Union Budget on February 1. It would be a good time for banks and Non-Banking Financial Companies (NBFCs) to raise capital given the attractiveness of financing conditions at this point, she said.
With capacity for 110,000 spectators, the Motera Stadium will dislodge the Melbourne Cricket Ground as the world's largest cricket stadium.
P Chidambaram presented the Union Budget for the eighth time.
Instead of worrying about imported gold, FM should broaden the tax base to dispel concerns about govt-driven inflation.
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It is normal practice for Indian governments to go to parliament for spending not included in the annual budget.
In a notification, the Union Home Ministry said an eligible beneficiary desirous of receiving the benefit under the 'Central Scheme for Assistance to Civilian Victims/Family of Victims of Terrorist/Communal/LWE Violence and Cross Border Firing and Mine/IED Blasts on Indian Territory' is required to furnish proof of possession of Aadhaar number or undergo Aadhaar authentication.
Expectations of small tax payers from Budget 2013-14.
The National Alliance of Women's Organisations released the 'Womanifesto' for consideration of all political parties for the upcoming Lok Sabha elections.
Besides the additional $1.8 trillion in deficit reduction, which will put the total reduction target at $4.3 trillion, the budget proposals envisage more than $2 in spending cuts for every $1 of new revenue from closing tax loopholes and reducing tax benefits for the wealthiest.
A lacklustre Budget from which we have to take what little comfort we can in feeling that it could have been a lot worse. But is the 'worst over' and will India would clock a growth of 6-plus percent next year? Unlikely, says Shreekant Sambrani.
Budget expectations 2013: IT sector.
The Budget should serve as a trigger to kick-start the investment cycle in the economy, says Rana Kapoor managing director and chief executive office of Yes Bank.
Companies that loaded up on debt when India was being hailed as the world's second-fastest-growing economy are now deleveraging to clean up their balance sheets.
Founder of India's first rural bank for women, Chetna Sinha says more women run banks will empower them financially and lead to betterment of our society.
This year's Budget comes at a time when interest rates are still high and demand for real estate has remained poor.
This year's Budget comes at a time when interest rates are still high and demand for real estate has remained poor.
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