S India increases spending in last budget before election

S India increases spending in last budget before election – Portal India

Latest News /

NEW DELHI, Feb 1 (Portal) – India’s government on Wednesday unveiled a $550 billion budget for the next fiscal year, which begins April 1, with a plan for record investments while containing the budget deficit.

Prime Minister Narendra Modi’s party, which faces elections in key states this year and a national vote in 2024, is under pressure to create jobs in the country of 1.4 billion people, where many are struggling to find jobs and decent wages.

Below are some key figures in graphs from the budget presented by Finance Minister Nirmala Sitharaman.

WHERE DOES THE MONEY COME FROM TO FUND THE EXPENSES?

The government is targeting revenue growth of 12% to Rs.26.32 trillion.

Portal graphics

TAX INCOME

For the year, the government is targeting net tax revenue growth of 11.4% to Rs.23.3 trillion.

Portal graphics

Borrowing from the Market

Gross market borrowing is estimated at Rs. 15.43 trillion (US$189 billion), while net borrowing is estimated at Rs. 11.81 trillion.

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The net borrowing excludes 781 billion rupees in borrowings given to governments to compensate for a shortfall in the goods and services tax, reducing repayments due next year.

New Delhi also intends to swap 1 trillion rupees worth of bonds next year after swapping 1.03 trillion rupees worth of bonds this year.

Portal Graphics Portal Graphics

SALES REVENUE

The government expects to raise 510 billion rupees from the sale of shares in various state-owned companies.

Portal graphics

Spending spurts

The government increased its spending target by 7.5% to Rs.45.03 trillion for 2023/24.

Portal graphics

INVESTMENTS

The government will spend 10 trillion rupees on longer-term investments in 2023/24, expanding a strategy to revive growth after the COVID-19 pandemic.

The allocation is higher than the 7.5 trillion rupees budgeted for the current year. The 33% year-over-year increase follows last year’s 35% increase.

Portal graphics

IMPORTANT SUBSIDIES

The government cut key subsidies by 28% to Rs.3.75 trillion for the next fiscal year.

Portal graphics

BUDGET DEFICIT

The government is targeting a budget deficit of 5.9% of GDP in 2023/24, after 6.4% this year. A Portal poll had put the budget gap at 6% of GDP.

Portal Graphics Portal Graphics

($1 = 81.8150 Indian Rupees)

Compiled by Aftab Ahmed; Edited by Kim Coghill

Our standards: The Thomson Portal Trust Principles.

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Eurozone inflation falls for third straight month as energy prices

Eurozone inflation falls for third straight month as energy prices fall further

Business News /

Eurozone inflation has eased in the last two months of 2022, but the economic indicator is still well above the European Central Bank’s 2% mandate.

Jeff Greenberg | Universal picture group | Getty Images

Eurozone inflation fell for the third straight month in January, driven by a sharp fall in energy costs.

Headline inflation in the euro zone was 8.5% in January, according to preliminary data released on Wednesday. In December the rate was 9.2%.

Energy remained the biggest cost driver in January, but weakened again compared to the previous year. Energy costs fell from 25.5% in December to an estimated 17.2% in January. However, food costs rose slightly from 13.8% in December to 14.1% in January.

The region of 20 has endured significant price hikes in 2022 after Russia’s invasion of Ukraine pushed up energy and food costs across the bloc. However, the latest data provide further evidence that inflation is beginning to ease.

Core inflation, which excludes energy and food costs, was 5.2% in December, unchanged from the previous month.

“The key point is that core inflation was unchanged at a record 5.2%, so the ECB will remain very hawkish,” Jack Allen-Reynolds, senior Europe economist at Capital Economics, said via email.

The performance of Europe’s main index over the last 12 months.

“The apparent fall in euro-zone headline inflation in January to 8.5% from 9.2% in December came as a major surprise. But we wouldn’t be shocked if it were revised significantly upwards when the final euro-zone data was released on February 23,” he added, citing delays in receiving official data from Germany.

What it means

The economic indicator will be closely watched ahead of a new rate decision expected from the European Central Bank on Thursday. Higher inflation has prompted the ECB to hike rates four times in 2022, and market expectations point to at least two more hikes in the coming meetings.

“The upshot is that the stronger-than-expected fall in headline inflation won’t stop the ECB from raising interest rates by 50 basis points tomorrow,” Allen-Reynolds said.

In a note to clients last week, Morgan Stanley said that “a 50 basis point hike in February appears like a done deal, with discussion in the Council set to focus on the magnitude of rate hikes in March and beyond.”

Market participants will be looking for clues on the central bank’s next moves. The key ECB interest rate is currently 2%, but market expectations point to an increase to 3.5% by the end of the first six months of the year, according to Portal.

Structural reasons why European banks lag behind the US: Oliver Wyman

“Investors will be interested to see if Christine Lagarde doubles down on earlier signals for a further half-percent hike in March and what words she uses to describe additional tightening ahead,” said Tom Hopkins, portfolio manager at BRI Wealth Management, via email on Wednesday .

Eurozone unemployment appeared stable at 6.6% in December. This corresponds to the two previous monthly values ​​and also reduces the fear of a significant recession in the euro zone.

Data released on Tuesday showed better-than-expected euro-zone growth activity in late 2022 – despite economic contractions in Germany and Italy, the euro-zone grew 0.1% in the fourth quarter of last year.

ECB's Lagarde: China's reopening will cause increased inflationary pressures

Eurozone inflation falls for third straight month as energy prices fall further Read More »

1675251628 Hulk Hogan doing well and not paralyzed after back surgery

Hulk Hogan ‘doing well and not paralyzed’ after back surgery: rep

Entertainment News /

Hulk Hogan is on the mend, according to his rep.

The WWE Legend’s health sparked serious concern after fellow wrestler Kurt Angle said Hogan told him he had lost all feeling in his lower body.

But Hogan’s rep denied the claim, insisting the Hall of Famer was “fine and not paralyzed” after back surgery.

“He’s fine,” Hogan’s rep told Entertainment Tonight. “Hulk is someone with a great sense of humor.”

Speaking on The Kurt Angle Show, the former Olympic gold medalist said Hogan now relies on the help of a cane to get around.

“Hogan had another operation on his back,” he said on Sunday’s episode. “He had the nerves cut out of his lower body. He can’t feel his lower body. So let’s use his cane to walk around. I thought he used the cane because he had back pain. He has no pain. He has nothing. He can’t feel anything.”

Kurt Angle at a Google Livestream event in 2013.Kurt Angle at a Google Livestream event in 2013.FilmMagic

Angle said the former wrestler revealed some key details about his health during filming of WWE’s 30th-anniversary episode of Monday Night Raw, which aired Jan. 23.

“So now he can’t feel his legs anymore. So he has to walk with a cane, which is pretty serious man,” he continued. “I really feel for Hogan. He put his heart and soul into the business and ate it up.”

“I mean, when you start the show, the 30th anniversary of Raw, [it] should be Hulk Hogan. He is the name and the face of the company. He’s the guy who revolutionized pro wrestling. I have so much respect for him,” he added.

Hulk Hogan on Raw XXX on January 23, 2023.Hulk Hogan on Raw XXX on January 23, 2023. WWE/YouTube

Angle’s claim came as a surprise to fans, who witnessed a surprise appearance by 69-year-old Hogan at RAW XXX in Philadelphia last week.

While he appeared to be in good health and good spirits, Angle said he spoke to Hogan backstage and the broadcast did not show the former wrestler’s actual condition.

The Post has reached out to Hogan’s rep for further comment.

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Kiszla After 35 days Broncos are finally doing the right

Kiszla: After 35 days, Broncos are finally doing the right thing and realizing Sean Payton is the coach this team needs

Sports News /

Round and round, this mad coaching carousel spiraled out of control for 35 days, with the Broncos chasing after them until CEO Greg Penner finally stepped out, came to his senses, and hired Sean Payton, the most qualified candidate, to teach quarterback Russell Wilson the craft of riding again .

I’ll stand up and cheer this Broncos move as soon as my head stops spinning.

As Penner found out the hard way, it’s far easier to sell £1.5 billion of bananas at Walmart in a year than it is to acquire a solid pro soccer coach in a month.

But once the dust settles and heads are clear, while DeMeco Ryans keeps his wife happy with a Houston gig and Jim Harbaugh continues his endless foot game with NFL worshipers, two things become apparent at the end of this bumpy, often circuitous route traveled to the insanely wealthy Waltons to hire a veteran coach with a Super Bowl ring to end seven long years of misery in Broncos country.

#1: It’s never too late to do the right thing.

#2: Payton was the best man for the job from the start.

So what took so damn long?

I blame Broncos general manager George Paton, the fool who foolishly granted Wilson a $245 million contract extension before the quarterback threw his first bad interception in a Denver uniform.

Had the price of acquiring Wilson from Seattle in a trade not been so high, with a treasure trove of future draft picks being shipped to the Seahawks, hiring Payton would have been a no-brainer. Instead, the Broncos dawdled and dawled, hesitated and hesitated when New Orleans suggested it would take not one, but two first-round draft picks to free Payton from his contractual obligations to the Saints.

So the Broncos pursued Harbaugh all the way to Michigan, courting a diva who’d rather be chased than caught. Let’s all breathe a sigh of relief that Harbaugh wasn’t saying yes-no-maybe to bums, because those kinds of bonding issues are the last wishy-washy thing a Broncos franchise that’s been hard to love lately needs.

Flirt with Ryans, whose star skyrocketed as this year’s hot young coordinator, was far more intriguing, but perhaps even riskier, than talking to Harbaugh. If the Broncos were willing to give a chance to a former linebacker with no head coaching experience, Ryans must have passed the Denver Brass interview like no candidate since Josh McDaniels. (How did that even end?)

So count me happy with how this twisted story ended. Ransoming two draft picks (a first-rounder and a second-rounder) to the Saints in exchange for Payton, a 59-year-old coach who has an NFL record of 161-97, is a reasonable price.

Essentially, the Broncos traded Bradley Chubb and a later-named player for Payton, who led a Saints team that finished 3-13 in 2005 to the playoffs in his freshman season. There isn’t a prospect Denver could have picked with the 29th pick in the first round of this year’s draft with a chance to lead that kind of turnaround.

Yes, I’ve heard the whining in some corners of Broncos country that Payton has only won the Super Bowl once in 15 seasons with New Orleans, despite the blessing of Drew Brees as his quarterback. For real?

Newsflash: Winning the Super Bowl is hard. Mike Tomlin has made it once in 16 seasons with the Steelers; Dan Reeves never lifted the Lombardi Trophy in Denver, despite being blessed with quarterback John Elway.

While Penner’s hiring process sometimes seemed to have little point and no reason, make no mistake that the new ownership group made a huge commitment in hiring Payton, who knows it takes more than hugs to create a winning culture build up.

Fed up with false hopes that Nathaniel Hackett could help lure quarterback Aaron Rodgers out of Green Bay, the Broncos hired a dope to coach the team a year ago. Payton is a serious football man, with skins on the wall, as our pal John Fox likes to say.

A quarterback is more important to the championship fight than the coach. The Broncos aren’t going anywhere if they can’t fix Wilson, and none of the eight contestants interviewed for the gig were as well suited to the challenge as Payton.

Unlike Hackett, Payton has the seriousness of demanding Wilson’s respect rather than serving as his wingman. Wilson has long admired Brees and is now blessed with a coach who can get his career back on track in Canton.

With the contractual commitment this coach receives from the owner, Payton has the power to take the franchise in a new direction should Denver decide that Wilson is truly done and needs to ditch him after another tough season.

Since 2017, the Broncos have wasted too many years of our lives hoping and praying that Vance Joseph, Vic Fangio or Hackett could lead the team back into the championship fight.

With Payton’s signing, the Broncos finally invested in a football coach who already knows the way to the top.

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Bottlenecks Doliprane Dafalgan Efferalgan it is again possible to buy

Bottlenecks: Doliprane, Dafalgan, Efferalgan… it is again possible to buy these drugs based on

Latest News /

The online sale of paracetamol-based drugs has been banned since January 3rd.

Faced with supply difficulties, the government had decided to ban the online sale of paracetamol-based drugs. “The online sale of specialties consisting exclusively of paracetamol is suspended until January 31, 2023.we could read in the decree published in the Official Journal on January 3rd.

“Tensions over acetaminophen drugs have persisted for more than six months, the publication explained. The various measures taken by the health authorities, however effective they may have been, have so far not managed to put an end to this.

Also read:
Shortages of medicines: This is exactly where the bottlenecks for paracetamol and amoxicillin lie

The purchase of medicines based on paracetamol is allowed again

But while these drugs remain in short supply in pharmacies, their purchase on the Internet is possible again from this Wednesday, February 1st. In fact, there is no publication in the Official Journal of an extension of the ban, which lasted until January 31st.

Bottlenecks: Doliprane, Dafalgan, Efferalgan… it is again possible to buy these drugs based on Read More »

1675251259 Latest news from Ukraine Kremlin backs cuts in Abrams tanks

Latest news from Ukraine. Kremlin backs cuts in Abrams tanks

Latest News /

ServiceEurope

The United States is preparing more than $2 billion in military aid to Ukraine, which is expected to include long-range missiles and other ammunition and weapons for the first time. The expected announcement this week. However, Joe Biden keeps the point on the F16s, he will not send them to the Kiev Armed Forces. But Ukraine insists on getting at least 200 Western fighter jets to protect its skies

February 1, 2023

Latest news from Ukraine Kremlin backs cuts in Abrams tanksA work by the artist Tvboy in the streets of Kyiv (Ansa)

  • 11:38

    Kremlin, new US package won’t change course of events

    The forthcoming package of US military aid to Ukraine “is a direct way to increase the level of escalation, but it will not change the course of events”. This was stated by the spokesman for the President of the Russian Federation Dmitry Peskov, adding that “this will require further efforts on our part, but the special military operation will continue”.

  • 11:18

    Kremlin supports cuts in Abrams tanks

    The Kremlin welcomes proposals made in recent days by a private company, an actor and some regional governors to pay the military a reward for every US Abrams tank destroyed in Ukraine. This was stated by spokesman Dmitry Peskov. “Western tanks will burn, and thanks to rewards from business and regions, the number of enthusiasts will grow” ready to destroy them, said the spokesman, quoted by the RIA Novost agency.

    LEARN MORE/Carri Leopard 2, who has more?

  • 11:09 a.m

    Kremlin, US long-range missiles will exacerbate the escalation

    The new American supplies to Ukraine, including all long-range missiles, “will not change events on the ground,” but will only help exacerbate the escalation, said Kremlin spokesman Dmitry Peskov, quoted by RIA Novosti agency.

Latest news from Ukraine. Kremlin backs cuts in Abrams tanks Read More »

Karol Gs artistic photographs raising the temperature to the

Karol G’s artistic photographs, raising the temperature to the max and defying the limitations of Instagram

Entertainment News /

Karol G, Colombian singer-songwriter, has taken over instagram by showing off her captivating figure in a private photo session. The reggaeton, pop and latin trap artist showed all her beauty from different angles and captivated all her fans on social media.

The singer, who rose to fame in 2017 with the single Ahora me llama, is hugely popular on social media. It is so Carol G She is one of the most followed Latinas instagram since it owns more than 56 million. His doubts about his success stem from his debut album, Unstoppable, which peaked at number two on Billboard’s list of best Latin albums.

Couple year 2019 Carol G She was in a relationship with Anuel AA and together with him she released the hits: “Secreto” and “Culpables”. It was a very good year for the artist as she enjoyed success with the singles “Pineapple”, “My bed” and “Believe me”. He also released a collaboration with Anuel AA, Daddy Yankee, Ozuna and J Balvin for the hit “China,” which made Rolling Stone’s list of the top 10 Latin music videos of July. A collaboration with Carol G It’s highly desirable for any artist, and fortunately, the Colombian’s most anticipated collaboration with her compatriot Shakira was recently confirmed.

A clear example of the reach of his star not only in social media and digital music platforms, but also on the radio, happened in 2020 with the collaboration of Carol G with the American rapper Nicki Minaj in the song “Tusa” did not stop playing on radio stations around the world and managed to be certified 10 times platinum by the “Recording Industry Association of America”. Plus the song Carol G it reached number one on the Billboard Hot Latin Songs chart and stayed on the chart for 25 weeks. His enormous reach is also reflected in his account instagram where he has more than 56 million followers.

f768x1 65503 65630 15

Source: Instagram Karol G

Also in October 2020 of the same year Carol G premiered “Bichota,” a hit that reached the highest position on the “Argentina Hot 100” chart and entered the top ten on the Billboard Global 200; all of this within a pivotal year within the urban genre. the star of social media Yes, she knows how to give classes on how to become a “bicota” and she showed that in her recent photo session of instagram.

f768x1 65504 65631 5050

Source: Instagram Karol G

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All ready for elections say the Ecuadorian electoral authorities

All ready for elections, say the Ecuadorian electoral authorities

Latest News /

After two exercises, the CNE authorities confirmed that the computer systems are ready for the day, as are the members of the polling stations, who will take about six hours to be counted.

The organization will disseminate the results in real time through three channels: website, mobile application and social networks.

CNE adviser José Cabrera recommended that the public use the application because it is less likely to be congested on election day, despite the purchase of new servers for the institution’s official site.

These polls are one of the largest in the country’s history, where there are 61,000 candidates for various positions and citizens receive between seven and eight ballots depending on whether they live in urban or rural areas.

The 23 prefects and vice-prefects, 221 mayors, 864 city and 443 district councilors and 4,109 members of the municipal councils are appointed.

They will also elect the seven members of the Civic Participation and Social Control Council and answer the questions of the Lasso government’s proposed referendum, which was rejected by various sectors including Indigenous people, teachers and students.

Meanwhile, the election campaign is entering its final phase as it will end on Thursday and the candidates are already preparing the files to end the period of political proselytism.

or/avr

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