Only two states in India allow municipal corporations to borrow through municipal bonds. Experts say that greater awareness is needed for the public to invest in municipal bonds. Bruhat Bengaluru Mahanagara Palike’s (BBMP) revenue officials say that they are not even thinking of issuing municipal bonds for financing infrastructure projects. The BBMP presented its budget […]
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Citizens now have to pay higher taxes on foreign payments due to the proposed four-fold hike on TCS. If you are finally planning that foreign trip you missed due to the pandemic or looking to support your children’s living expenses abroad, you ought to book the travel package or complete your transactions within the coming […]
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The BJP says that work on the Mekedatu project will start by 2023 The Cauvery river now finds a prominent place in the manifestos of the Karnataka Pradesh Congress Committee (KPCC), Bharatiya Janata Party (BJP), and Janata Dal(Secular) (JD(S)) for the Karnataka elections in 2023. Most political parties in Karnataka, in their manifesto, are promising […]
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MPLAD scheme is used more for non developmental projects instead of creating durable community assets. Only 48 percent of funds under Member of Parliament Local Area Development scheme (MPLAD) have been used. Each Member of Parliament (MP) in Bengaluru received Rs 12 crores in 2018-2019, of which around Rs. three crores have been used as […]
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Non-acceptance of gold in the form of bonds has been an obstacle for the government to reduce the import of physical gold Gold bonds don’t glitter as much as the government had thought they would. Acceptance of gold bonds in the country has been very low while the import of gold continues to increase. The […]
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Hybrid vehicles are levied a tax rate of 43 percent which makes them expensive. Hybrid Electric vehicles (HEVs) are unaffordable for most people as they are still taxed at 43 per cent despite a parliament standing committee recommendation to lower the tax rate. The consequent high prices and decrease in adoption of these vehicles makes […]
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Customers from Hospet, Gorakhpur, Mohali etc. lead online luxury spending in the country. However, most luxury brands in the country are still accessible only in the metro cities. Glittery shoes, flashy handbags and expensive watches, all on display behind clear glass walls. They scream wealth and are in stores whose names are hard to pronounce […]
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Bhutan’s Sustainable Development Fee has limited the entry of Indians into the country, for tourism. Travel companies have registered a decrease in footfall of up to 67 percent since the Himalayan country reopened its borders to tourists. Bhutan’s ‘Sustainable Development Fee (SDF)’ was introduced in September 2022 for tourists across India, Maldives, and Bangladesh. “Before […]
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Panchamasali Community demand their right to reservation ahead of elections in 2023. The Panchamasali Community has said that they will not cast votes for any political party in the upcoming elections until their demand of reservation gets fulfilled. H.M. Renuka Prasanna from All India Veerashaiva Mahasabha said, “The members of the community are disappointed with […]
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ASHA workers who are supposed to work only for a couple of hours in the day, work far longer because they are given extra work. However, they are not paid for that extra work. Accredited Social Health Activists (ASHA) workers complain about not getting any incentive for the extra work they are made to do […]
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