Like our Facebook Page

Early Times Newspaper Jammu, Leading Newspaper Jammu
Breaking News :   MIET celebrates National Education Day | MBSCET organises Blood Donation Camp | No clarity among officials over domicile certificate for Govt jobs | National Education Day celebrated | DRDO team visits CUJ | Inter district competition of Archery held | After rebellion against PDP, 'Dallbadlu' Neta may also skip PC | Former PDP stalwart works overtime to form new party; tries to rope in NC, Cong, PDP leaders | LG Admin clips wings of bureaucrats | Imran Khan continues to propagate lies about Kashmir | Open terrace sitting "Cloud" inaugurated at Amar Singh Club | Historical Chingus Fort becomes victim of Govt apathy | No difference in price of organic & inorganic basmati | J&K LG advocates for internet connections to hospitals implementing Ayushman Bharat scheme | Chief Secretary chairs SEC of SDRF | IGP Jammu promotes 187 HCs to ASIs | RDD violates recruitment rules | Pak seen lying on the border | Women empowerment in J&K: The course is set, momentum holds the key | "The word Sikh means a student (shishya) - One who is always seeking to evolve | Education for Growth | 98.3 mirchi enethralls kids at Presentation Convent | JU organizes lecture on Maulana Abul Kalam Azad | Trikuta Degree College students shine in Boxing Competition | JU organizes slogan writing competition to mark Azad's birth anniversary | Plantation, cleanliness drive held at Jammu Airport | JKAACL organizes Kavi Darbar | DC Srinagar visits various rural areas to assess availability of essential services | Northern Army Commander meets Lt Governor | Form Advisory Councils for J&K UT: Citizens' Forum | DB expresses anguish over delay in removal of encroachments from forest land | Drug pedlar arrested; 100 heroin, Rs 1 lakh seized | J-K admin to campaign for raising awareness on fundamentals duties from Nov 26 | JK admin sets up panel to declare Dal Lake as ESZ | Four mortar shells defused along LoC | Cold wave conditions prevail in most parts of J-K | People shifted to safer places as two civilians injured in Pakistan ceasefire violation in Uri | APSCC greets people on birth anniversary of Guru Nanak Dev | Power shut down | Shoddy investigation leads to acquittal of alleged LeT outfit | CHC Jourian sans basic facilities, patients suffer | Huge population without power, numerous roads yet to be cleared of snow | Snowfall hits saffron production badly | Anti-corruption court rejects JK Bank plea for releasing files | Two terrorists killed in overnight gunfight | Encroached hospital's land retrieved | Efforts on to restore Jammu-Srinagar highway, fresh snowfall predicted in Valley | MeT predicts fresh snowfall in Kashmir this week | 2 reported missing following avalanche in Gulmarg | Modi Government has given true representation to women: Rajni | CII delegation calls on Financial Commissioner | Sat starts construction works for Library at Karan Nagar | ABVP activists burn the effigy of VC CU | Dogri film shooting Mouj Masti kick started | Div Com reviews arrangements for Gurupurab | Dharmarth Trust hails SC verdict on Ram Janambhoomi | NC demands release of all political leaders in Kashmir | Kaith Biradari congregation today | Entry for Govt Goods carriers into Udhampur town allowed | KMs demand reservation of 5 MLAs in Assembly | Union Govt fails to take care of sentiments of Dogras: Partap | AE aspirants appeal for deferment of prelim exams | Fire damages eight houses in Srinagar | JKSWDC organizes awareness camp | Free heart screening camp for children at Udhampur on Nov 17 | Jammu DLSA observes 'National Education Day' | SaMaPa Awards 2019 announced | GDC RS Pura celebrates National Education Day | YCOE organises industrial visit at Sudhir Gensets | National Education day celebrated | Jodhamal students selected for national swimming meet | 550th birth anniversary of Guru Nanak Devi Ji celebrated across Jammu | Back Issues  
news details
Budget has not checked inflation
7/8/2019 12:29:07 AM
Nirmala Sitharaman's maiden budget struck all the right chords by addressing all the pain points of the economy. Big numbers were bandied about to provide for higher investments in infrastructure. There were nods towards addressing the unemployment problem by providing sops to sectors with the highest jobs potential that were badly singed by demonetisation and GST; and dollops of capital for banks and indirect liquidity support to NBFCs. Consider as her gift by increasing the prices of imported Gold and a not her gift by raising the prices of petrol and diesel this may cause inflation in the market. Despite the fact that wages in the Army have tekn a lion's share of the budgetary allocation still the Government has earmarked over Rs.4 lakh crores for the defence sector .After it comes the infrastructure and Prime Minister Modi praised Nirmala Sitharaman for her fine budget speech an d made a reference to the infrastructure. Employees and other tax Payers were awaiting drop in the tax structure but Nirmala thanked them telling the tax payers that the Government needed money for roads an d for electrification of the villages. The incr eased budgetary allocation for the Defence sector will help India "Make in India" which would cut cost of imports. This way missiles, long Range guns, tanks and other sophisticated weapons may be produced locally without paying heavy taxes.. Similarly the Railways have been Private investments are being pushed thanks to the 50 trillion investment required between 2018 and 2030. This way Modi's dream plan of introducing bullet trains can be achieved.. Nirmala said that the Railways need Rs.50 crores between 2018 and 2030 in which may new trains could be started besides covering the old stations with new trains.
Health, Education and other sector have not been neglected. Well allotment of over Rs.4 lakh crores to the defence sector is India's priority and this includes security related expenses. And the need for raising the allocations for the defence sector is the outcome of fear for the attack from Pakistan and China. Under the foreign affairs followed by the NDA Government during the last six years but China and Pakistan have not at all adopted friendly ties with India. But the Budget presented in the Lok Sabha has not removed the fears of inflation in the fruit, pulses, rice and flour and vegetables. And the opposition is worried about the rate of inflation the result of revised prices of petrol, diesel and Gold.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
Early Times Android App
BSE Sensex
NSE Nifty
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
J&K Govt. Official website
Jammu Kashmir Tourism
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
Train Enquiry
Jammu Kashmir Bank
State Bank of India
Passport Department
Income Tax Department
IT Education
Web Site Design Services
Jammu University
Jammu University Results
Kashmir University
IGNOU Jammu Center