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How many Indians earn more than Rs 10 lakh a year? The answer is 81 lakh in FY21, according to a Lok Sabha reply filed today. In FY15 it was just 22.5 lakh, which implies growth of almost 4x in 6 years. The highest tax bracket kicks in at this level (under old tax regime).

The number of people in the 5-10 lakh bracket is up from 53.3 lakh in FY15 to 1.4 crore - a growth of almost 3 times. The total number of taxpayers in India has also grown from 4 crore in FY15 to 6.33 crore in FY 21, but this is much slower than the growth in higher tax brackets.

#Economy
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Lal10, a cross-border B2B tech-enabled full-stack platform, has announced that it will launch seven satellite offices across seven states by the end of June 2023. With 2292 MSMEs in its fold, Lal10 has become the largest pan India aggregator of #Textile factories.

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HAL Has Order Book Of Rs 84,000 Crore, Another Rs 50,000 Crore In Pipeline: CMD

#Aviation #MakeInIndia
https://ift.tt/pa7Nu0G
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🚨BREAKING - US officials told Kyiv’s representatives that it doesn’t have any Army Tactical Missile Systems to spare.

Transferring ATACMS to the battlefield in eastern Europe would dwindle America’s stockpiles and harm US military’s readiness for a future fight. #InternationalNews #Geopolitics

https://www.politico.com/news/2023/02/13/u-s-wont-send-long-range-missiles-ukraine-00082652
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In the context of our Air Force, you all are aware of the order of 15 Light Combat Helicopter 'Prachanda' by the government some time ago. Going forward, the total number of these in our Armed Forces will be 160: Defense Minister #Defence
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White House announces purchase of over 220 American-made aircraft through an agreement between Air India and Boeing. #Aviation 🇮🇳🤝🇺🇲
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Indian Development News 🇮🇳
White House announces purchase of over 220 American-made aircraft through an agreement between Air India and Boeing. #Aviation 🇮🇳🤝🇺🇲
🚨 Breaking: Air India signs deal to purchase 250 aircrafts from Airbus today as well. 🇮🇳🤝🇪🇺

Air India's order to buy 470 aircraft is the largest purchase in the history of commercial aviation beating American Airlines 460 aircraft order decade ago.

#Aviation
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BIG 🇮🇳✈️

Lockheed Martin 🇺🇸 announced its decision to open 1st Heavy Maintenance center in India.

It will be 1st of Kind in Asia and 3rd in the world after USA & Canada.

All C-130J aircrafts from the world will be serviced, maintenance & repaired here.

Read more #Aviation #MakeInIndia
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Indian Development News 🇮🇳
🚨 Breaking: Air India signs deal to purchase 250 aircrafts from Airbus today as well. 🇮🇳🤝🇪🇺 Air India's order to buy 470 aircraft is the largest purchase in the history of commercial aviation beating American Airlines 460 aircraft order decade ago. #Aviation
Air India orders 470 aircrafts from Airbus and Boeing

✈️ 140 Airbus A320neo
✈️ 70 Airbus A321neo
✈️ 40 Airbus A350
✈️ 190 Boeing B737 MAX
✈️ 20 Boeing B787
✈️ 10 Boeing B777X

#Aviation
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India's Income Tax collection has surged by over 160% in just 8 years! (In Rs. Lakh Crore; By FY)🇮🇳:

2022: Rs. 6.73 lakh crore
2021: Rs. 4.71
2020: Rs. 4.80
2019: Rs. 4.62
2018: Rs. 4.08
2017: Rs. 3.41
2016: Rs. 2.80
2015: Rs. 2.58

(Finance Ministry)

#India #Economy
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Progress is not equated with WESTERNISATION now: EAM

The era when progress was equated with WESTERNISATION is now behind us & many languages and traditions that were suppressed during the COLONIAL ERA are once again finding a voice on the global stage: EAM S Jaishankar in Fiji

#India #Geopolitics #ForeignAffairs
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India's exports decline to USD 32.91 billion in January, imports slide to USD 50.66 billion

Overall exports jump in FY23
Though exports have fallen in January, India's overall exports has increased in the fiscal year. As per govt data, exports increased 8.51 per cent to USD 369.25 billion in April-January this fiscal.

#India #Economy
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