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From "Achhe din" in 2014 to "New India 2022," the Modi administration is renowned for creating catchphrases for its several programmes. Let's look at a few of the Modi government's well-known budgeting pronouncements and their current performance.
Budget 2024: The industry wants the Finance Ministry to reconsider the decision of applying TCS at such a higher rate of 20%. The rate is exceptionally high and almost punitive to the citizens who need to make foreign payments, say experts. Earlier, TCS used to be applicable at 5% when you cross the threshold of Rs 7 lakh for certain transactions.
Prime Minister Justin Trudeau is visiting Manitoba on Wednesday to promote his government's new budget.
'When we combine all these things together, it certainly looks like the (central) bank is likely to hold rates steady for now,'' said BMO's chief economist.
The rebate will be delivered through a one-time payment from the Canada Revenue Agency as soon as possible following the passage of legislation, Ottawa said.