You can support quality journalism by turning off ad blocker or purchase a subscription for unlimited access to The Hindu. Calculator disclaimers and assumptions can be found under each calculator. News Morning Digest | Farmer leaders announce blockade of highways on Feb. 6, LAC stand-off factored in for defence outlay in Budget … The allocation for 2021-22 stands at ₹3.62 lakh crore excluding defence pensions which stood at ₹1.16 lakh crore. While tackling the economic fallout and the pandemic was difficult enough, the Chinese transgression across the Line of Actual Control served as a painful reminder of the omnipresent external security challenge facing the country. It has the world’s largest navy, the world’s largest coast guard, a huge maritime militia and the world’s largest fishing fleet which is operating with impunity across the oceans. The unorganised sector in India literally collapsed, the manufacturing sector took a big hit and the GDP took a double digit hit. The constant rhetoric that this is not the India of 1962 is okay to play to the galleries but should not blind us to the reality of the security challenges the country faces. Dearness Allowance Hike: DA to be restored, revised higher rate for Central Government Employees soon! In the backdrop of the ongoing standoff with China and impetus for military modernisation, the allocation for capital expenditure in the Defence Budget saw an increase of ₹21,326 crore or 18.75% compared to Budget Estimates (BE) of last year. Refer to your property tax bill for actual amounts. It gives you tips and guidelines and helps you figure out your next steps with suggestions. India therefore has to be prepared to engage on both fronts simultaneously at varying levels of engagement. While Pakistan’s hostility with India is pathological, it is the Chinese threat with its clearly articulated ambition of Asian superiority and global supremacy that is of concern. China is expanding its maritime strength at a breath-taking pace. The Air Force and the Navy follow in that order. It is seeking to alleviate its vulnerability at the choke points in the eastern Indian Ocean, by building access over from its mainland to the Indian Ocean via the Pakistani port of Gwadar in the Arabian Sea and the Myanmar port of Kyaukphyu in the Bay of Bengal. The allocation for Border Roads Organisation (BRO) has been increased to ₹6004.08 crore which is 7.48% increase over 2021-22. The Budget Planner is a tool that allows you to create a personalized budget and save it online. Indian Railways 3000 HP cape gauge locomotive to flag off for export to Mozambique, Bank branches closed for next 4 days; SBI, other PSU banks may get hit as unions strike on March 15-16, Azadi ka Amrut Mahotsav: PM Narendra Modi to flag off Dandi march today; patriotic songs to mark Delhi government’s events, At core of ‘Atmanirbhar Bharat’ is to create wealth, values for humanity, says PM Modi, CPSE assets sale to bring about paradigm shift in infrastructure: Finance Minister Nirmala Sitharaman, Copyright © Union Budget 2021-22 Expectations for Defence Sector: As speculation mounts and pre-budget predictions become the subject of discussion ahead of the Finance Minister’s budget presentation on 01 February, India’s financial planners are faced with the daunting challenge of addressing the multitude of expectations and imperatives that need attention. Full Lockdown Returns! Split loan calculator. The defence pensions saw a significant dip from ₹1.34 lakh crore in Budget Estimate last year to ₹1.25 lakh crore in Revised Estimates and further to ₹1.15 lakh crore allocated this year. Stamp duty calculator. India has the ignominious distinction of being the largest importer of military hardware in the world year after year. The capital allocation in BE last year at ₹1.13 lakh crore went up to ₹1.35 lakh crore in the BE this year, an increase of ₹21,326 crore. Excluding defence pensions, the hike is about 7.34%, up from 3.37 lakh crore to 3.62 lakh crore. Disclaimer: This is a guide using standard assumptions to estimate your tax breakdown.There are many other possible variables - for a definitive understanding, contact the IRD. This tool is … It’s a support for truth and fairness in journalism. You can choose whether to submit and pay GST monthly, two-monthly or six-monthly - it depends on your business size and personal situation - see the IRD website for more details.Paying two-monthly is the most popular method in New Zealand. Your support for our journalism is invaluable. On the decrease in defence pensions, a Defence official said, “Last year it was more because approximately ₹18,000 crore was to be paid on account of pension arrears. China’s actions in the South and East China Seas and the Taiwan straits has clearly demonstrated its intent to dominate the waters of the Indo-Pacific. Don’t forget to try our free Income Tax Calculator tool. Enjoy reading as many articles as you wish without any limitations.
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