Indian Budget 2016-17 .. Main Thread ..

[#hydra#]

I agree IA is wasting money becuz of criminal negligence

Govt should take a decision like,the non spend amount will be invariably transferred to DRDO for their R&D purposes.

 

[SUDIP]

https://twitter.com/x/status/704214554079670272

https://twitter.com/x/status/704211126280585216

Huge cut in capital outlay, so forget any quick result on our darling Raffy!!!!

 

[Ankit Kumar]

It's less that previous years.
If we spend the 37.814 Billion USD( excluding the pensions )correctly , problems will start getting solved.

@PARIKRAMA @Abingdonboy

Do you think 37.814 Billion USD will be enough to close Rafale, S400 deals ?

 

[cerberus]

Any body have insight capex fund allocations

 

[anant_s]

Detailing on CAPEX should be interesting to see.
looks like a huge outlay would again go in taking care of running expenditure like salaries and pensions. This really is a make or break year as far a modernization of armed forces is concerned.

@Abingdonboy @PARIKRAMA @SpArK @nair

 

[Echo_419]

Please don't talk through your hat. It's not the IA which is at fault but the bureaucrats in the MoD who are stalling acquisitions and delaying projects in spite of the repeated pleas by the IA to expedite.

Navy is doing a bloody good job with the same bureaucracy

 

[ito]

Exactly! It's surprising that the Defence budget wasn't mentioned at all!

And he's screwed the salaried class! With the 7th pay commission, one will have to pay tax through his nose.

Simple...the defense expenditure might have been less than last year or would not like to reveal the exact figure to the outside world

 

[PARIKRAMA]

 

[SUDIP]

https://twitter.com/x/status/704214554079670272

https://twitter.com/x/status/704211126280585216

 

[PARIKRAMA]

@WAJsal @HRK @waz @mods

Can you pls combine the budget threads.. that way we can all pour our comments in one thread..

 

[Ankit Kumar]

Detailing on CAPEX should be interesting to see.
looks like a huge outlay would again go in taking care of running expenditure like salaries and pensions. This really is a make or break year as far a modernization of armed forces is concerned.
View attachment 295849
@Abingdonboy @PARIKRAMA @SpArK @nair

Removing the pension, leaves ~38 billion US dollars.
Last year the revenue expenditure was ~23 billion US dollars, rest was CAPEX.
So CAPEX this year should be around ~15 billion US dollars.

https://twitter.com/x/status/704214554079670272

https://twitter.com/x/status/704211126280585216

78K crore translates roughly into slightly less than 11.5 Billion dollars if my mathematics is fine.

If this much is spent, it would be very good beginning.
@PARIKRAMA @anant_s @Abingdonboy

 

[anant_s]

Government clearly is making a case for encouraging people to invest directly or indirectly in markets with moves like withdrawal from NPS (upto 40%) tax free, provisions of reducing PPF interest rates for new employees for first 3 years etc.
secondly a welcome move is increase in deduction limit on interest component on new home buyers, should improve prospects for Building industry.
Huge allocation of money for banks re-capitalization is also positive and now lets hope with passing of Bankruptcy Act, bad loans should start reducing, improving overall system health.
@Rain Man : Dada, how do you see this budget in context that FM didnot have much of room for adventurism?

Nine pillars to transform India:

1) Agriculture and farmer welfare with an aim to double farmers' income in the next five years
2) Rural sector
3) Social sector including healthcare
4) Educational skills and job creation to make India a knowledge based and productive economy
5) Infrastructure investment to enhance quality of life
6) Financial sector reforms
7) Governance reforms and ease of doing business
8) Prudent management of government finances
9) Tax reforms to reduce compliance burden

 

[anant_s]

 

[PARIKRAMA]

I am still awaiting a official release of def budget figures..

But I presume based in exchange rates the figure would be either same or marginally lower..

There is a expectation of further rupee slide almost to 73 levels.. In such a case the equivalent in foreign currency ie USD or euro would be less..

 

[Cherokee]

service tax kitna badha ?