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It's Earth Day. See how Google is working to combat climate change

It's Earth Day. See how Google is working  to combat climate change

Its Earth Day. See how Google is working to combat climate change

How Sri Lanka got ruined

How Sri Lanka got ruined 

The India Stock Market

Lankans voted for Rajapakshas knowing very well what they did in the past, including corruption, selling out national assets to China, dynastic politics and all.

They still voted for them because Rajapakshas promised things they could not refuse.

1. Their GST, called VAT Tax, on all products was reduced to 8%, thus making everything cheaper in one stroke. (It  also killed the govt revenue). People loved things getting cheaper.

2. The minimum Income Tax threshold was changed from 5 Lakhs per annum to 30 Lakhs! Very few earned more than 30L!

A very large part of the population became tax exempt. This was very popular among the salaried class.

3. For those with income over 30 Lakhs,  the upper ceiling of maximum personal tax of 15% was created, so no one paid over 15% tax. For comparison, it is around 42% in India and between 40 to 60% in many developed countries.

4. Corporate tax was promised to be reduced to 14%!

Every corporate supported and funded Rajapakshas.

5. They abolished seven other taxes, including a 2% nation building tax paid by businesses.

6. Zero tax for many industries like IT services and hotels that serve tourists etc.

7. Various taxes imposed on religious institutions were promised to be scrapped. Srilanka's powerful Buddhist Monks campaigned during election times to vote for Rajpakshas.

8. Individuals and companies engaged in  agriculture, fisheries and livestock farming were exempted from any taxes for the next 5 years.

9. The daily minimum wages of tea workers were raised to Rs.1000. Instantly got all their votes.

10. Minimum salary for private company employees was fixed at Rs12500 per month. Every low income family loved it.

11. Tax on retirement gratuity was reduced from 24% to 15%. All senior citizens loved it.

12. Pensions were awarded to state bank employees who were not eligible. Those employees loved it.

13. 15% VAT on apartments was scrapped. Young home buyers and construction industry loved it.

14. Fuel prices were kept artificially low. They bought Petrol from India, and still sold it at prices lower than India. No tax revenue there either.

15. In a hurry to make Srilanka a developed nation, they went on an infrastructure building spree financed by Chinese loans. Infrastructure that they could not use for productivity. Those projects became white elephants. 

Rajapakshas delivered on these promises promptly as soon as they got into office. They bankrupted the country in the process.

In trying to get so many things for free, Sri Lankans actually ended up paying much higher prices.

❌Now, Srilankan rupee trades for Rs 310 per dollar. For an import-dependent country, this means everyone's savings got reduced by the same ratio. Their buying power decreased. Their salary did not increase in proportion to the inflation. Thus everyone actually ended up with smaller incomes.

❌❌Besides monetary issues, it destroyed the country, has caused lot of human suffering with 15 hour powercuts, lack of food, civil war and political instability....

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Budget 2022: Nirmala Sitharaman ready for paperless budget proposal; Here's the information

Union Budget 2022 will be presented by Union Finance Minister Nirmala Sitharaman on Tuesday, February 1 at 11 am.

The Central Budget 2022 will be digital this year, just like last year. Nirmala Sitharaman will present the budget of 2022-23 as a paperless form last year, the finance ministry said.

In a historic move, the central budget of 2021-22 was first delivered in a paperless format. That tradition will continue this year too.

The "Union Budget Mobile App" was also launched for trouble-free access to budget documents by members of Parliament (MPs) and the public. The Union Budget 2022 -23 will also be available in the Mobile App after the Budget Session is completed in Parliament on 1 February 2022.

The budget app allows full access to 14 union budget documents, according to the government. It was also done last year.

Union Budget 2022 will be presented by Union Finance Minister Nirmala Sitharaman on Tuesday, February 1 at 11 am. Since last year, the Finance Minister has embraced the Digital Budget Council to benefit Digital India.

Union Budget 2022: 'Dessert instead of Halwa'; What's the change in the Union Budget 2022?

The Union Budget 2022-23 is set to be presented by Finance Minister Nirmala Sitharaman. He will present the budget in the Lok Sabha on February 1 next week. This budget will focus on promoting India's economic growth and maintaining financial discipline after the Kovid-19 pandemic

New Delhi: Finance Minister Nirmala Sitharaman has launched the Union Budget 2022-23. He will present the budget in the Lok Sabha on February 1 next week. This budget is focused on promoting India's economic growth and maintaining financial discipline after the Kovid-19 pandemic.

Coming in the midst of a new wave of Corona pestilence, people are expecting more from this budget. In the meantime, the budget will not be paperless this time as it was last time, the finance ministry said in a statement. All members of the Lok Sabha are provided with a digital copy of the budget. In the wake of the epidemic, the "Halwa" ceremony has not even been organized.

What is the budget and what is the budget?

Traditionally, budget printing work begins with the "Halwa" ceremony. After this, all the officials preparing the budget will be locked in the basement of the ministry. Officials can meet anyone after the budget is presented in the Lok Sabha. However, this time the "Halwa" ceremony is not organized. Officials and aides have been given a "dessert" in the budget. This is another change in the budgetary tradition of the central government.

How to Get a Digital Copy of a Budget

"The paperless budget will be the same as last time," the finance ministry said in a statement. This is a very useful idea in the Kovid background. On the other hand, each of these will be available through the Mobile App. Union budget mobile app is available for this purpose. The app, available in both Hindi and English, can be downloaded from the Union Budget website. In addition, the app is also available on the App Store for Android and iOS. All budget documents are available on the website.

Traditions have changed over the past 4 years!

Nirmala Sitharaman's fourth budget will be presented this time. Sitharaman is set to become the first woman to present India's budget more than once. Prior to this, Prime Minister Indira Gandhi had first presented the budget, while Indira Gandhi was in charge of the finance ministry. Nirmala Sitharaman has made many changes in the budget tradition after taking over the monetary account.

In the pre-independence Leather Brief Case, it was customary to budget. Instead Nirmala Sitharaman presented the budget in the form of a ledger wrapped in red cloth. The changes that Nirmala Sitharaman took into account were the initiation of budget preparation without a paperless budget and halwa ceremony.

Pre-Budget consultation from today (Dec. 15): First day's discussion with agriculture experts!

Finance Minister Nirmala Sitharaman will begin preliminary consultations on the Union Budget for 2022-223 from today (Wednesday, Dec. 15). He will be meeting with experts in the field of agriculture and agro-product processing.

Highlights:

Central Budget Preliminary Session begins today (Dec. 15)

Finance Minister to consult with experts in agriculture and agro products processing industry

The Union Budget is expected to come up on February 1, 2022

NEW DELHI: Finance Minister Nirmala Sitharaman will begin preliminary consultations on the Union Budget of 2022-23 from today (Wednesday, Dec. 15). He will be meeting with experts in the field of agriculture and agro-product processing. Discussions with industry boards, farmers' organizations and financial experts.

Growth rate is expected to double in the current financial year. The Reserve Bank of India (RBI) also said in its latest quarterly monetary policy review that GDP growth is expected to grow by 20 per cent in 2021-22. 9.5 per cent. However, the central government estimates that the government may have a monetary deficit of 6.8% of GDP. The Finance Minister will hold a consultation with various industry sectors starting Monday, December 15. The budget of 2022-23 is also being consulted. The Ministry of Finance said on Twitter that the consultation meetings will be held in a virtual manner.

The Finance Minister will hold discussions with the Agriculture and Agro-Processing industries at the beginning of the Budget Consultation. Next year's budget is being prepared with serious issues, including demand creation, job creation and sustainable growth at a rate of 8 per cent.

Real GDP (Gross Domestic Product) grew by 8.4% (year-on-year) in the second quarter of the financial year 2021-22. The monthly economic review report of the Ministry of Finance states that it has made more than 100% progress compared to 2019-20.

The Union Budget is expected to come up on February 1, 2022. The budget session usually begins the last week of January. Demand, job creation and economic growth are aimed at stabilizing the government at 8 per cent.

A supplementary budget is expected for this. The budget team headed by Minister Nirmala Sitharaman includes Finance Secretary TV Somnathan, Revenue Secretary Tarun Bajaj, Investment and Public Asset Accounting Secretary Tuhin Kantha Pandey, Economic Affairs Secretary Ajay Seth and CEA Krishnamurthy E Subramani.

The number of cases of Omicron infection is so high that the government's budget should also address the consequences of over-earing. GDP growth has been recovering from four consecutive quarters, despite the Kovid-19 crisis. Only a few countries have achieved this. There are, however, inflation and other challenges.

What is the longest and richest budget speech to date?

India's budget is set to bring about drastic changes in all sectors of the economy. This budget session is considered one of the most significant events in the country. All sectors are awaiting the announcement of the finance minister in the budget session.

India's Finance Minister Nirmala Sitharaman will announce her fourth Union Budget on February 1, 2022. As the country's budget is set to be announced at 11 am, here are some details on how long the Indian Budget Speech will last ...

The budget session will be held in two parts in the lower house of parliament. The first part is from January 31st to February 11th and the second part is from March 14th to April 8th. The government convened an all-party meeting on January 31 to discuss budget session issues and legislative affairs. This all-party meeting will be held in virtual form. The budget session will begin with the President's speech at 11 am the same day, followed by an economic survey.

When was the Budget Session in the past? The Budget Council is an important event awaiting policy experts, businessmen and every general. This is because this budget affects the overall financial plan of each household. Prior to 2016, the country's then finance minister announced February as the last working day. This system has been changed by former Finance Minister Arun Jaitley. The budget session is now on February 1st. Significantly, it is important for the government to deliver clear speeches to deliver the right message to voters.

What's the longest budget speech? The budget of India is long, as the budget session in India is on average 90 to 120 minutes. The Union Budget 2020-21 was presented by Finance Minister Nirmala Sitharaman on February 1, 2020. He has delivered a total of 2 hours and 42 minutes of budget speech. Nirmala Sitharaman was unwell as Budget was speaking. The speaker then made the rest of the speech. The speech was longer than the 2 hour and 17 minute long speech made in July 2019.

What is the smallest, richest budget speech? In 1977, former Finance Minister Hirobhai Muljibhai Patel made a budget of just over 800 words. This speech is considered the smallest budget speech to date. In terms of the number of words, if we compare, the budget speech of the then Prime Minister Manmohan Singh and the then Finance Minister in the Narasimha Rao government in 1991 was a long budget speech of 18,650 words. The first central budget speech of the late RK Shanmukham Chetty was short. It only had 39 paragraphs.

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