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The government on Tuesday announced a series of measures for development of Andhra Pradesh, including arranging <keyword id="20006597" type="General" weightage="20" keywordseo="Rs-15000-crore" source="keywords">Rs 15,000 crore</keyword> this fiscal and in future years for development of the <keyword id="19948211" type="General" weightage="20" keywordseo="Capital-city" source="keywords">capital city</keyword> of the state. Presenting <keyword id="20387181" type="General" weightage="20" keywordseo="Union-Budget-2024-25" source="keywords">Union Budget 2024-25</keyword>, Finance Minister <keyword id="19916618" type="General" weightage="20" keywordseo="Nirmala-Sitharaman" source="keywords">Nirmala Sitharaman</keyword> said the government will also facilitate special financial support for development of the capital city. Besides, the Centre allocated over Rs 3 lakh crore for schemes benefiting women and girls and stated that it is fully committed for completion and financing of <keyword id="22237410" type="General" weightage="20" keywordseo="Polavaram-irrigation-project" source="keywords">Polavaram irrigation project</keyword>. The minister also announced backward region grant for three districts of the state. The <keyword id="19910625" type="General" weightage="20" keywordseo="Telugu-Desam-Party" source="keywords" meta.keywordsubtype="org" meta.entityname="Telugu Desam Party" meta.hostid="83" meta.entityid="Telugu Desam Party">Telugu Desam Party</keyword> (TDP) is a key ally of the BJP in the Centre. Political parties from Andhra Pradesh have protested time and again since 2014 demanding special category status for the state. Special category status is a classification of regions or states by the central government to provide special assistance in the form of tax benefits and financial support for development of the region. SEE ALSO:<a href="https://www.businessinsider.in/budget/news/union-budget-2024-live-updates-finance-minister-nirmala-sitharaman-key-announcements-23-july/liveblog/111942008.cms" target="_blank"></a> <a href="https://www.businessinsider.in/budget/news/union-budget-2024-live-updates-finance-minister-nirmala-sitharaman-key-announcements-23-july/liveblog/111942008.cms" target="_blank">Union Budget 2024 Live Updates: Finance Minister Nirmala Sitharaman to present her record seventh consecutive Budget today</a><a href="https://www.businessinsider.in/business/news/expectations-from-union-budget-2024-25-how-will-this-budget-impact-you/articleshow/111946291.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/news/expectations-from-union-budget-2024-25-how-will-this-budget-impact-you/articleshow/111946291.cms" target="_blank">Union Budget 2024-25: How will this budget impact you?</a><a href="https://www.businessinsider.in/budget/news/heres-a-quick-overview-of-pm-modi-3-0-governments-first-budget-to-be-presented-by-fm-nirmala-sitharaman-today/articleshow/111944393.cms" target="_blank"></a> <a href="https://www.businessinsider.in/budget/news/heres-a-quick-overview-of-pm-modi-3-0-governments-first-budget-to-be-presented-by-fm-nirmala-sitharaman-today/articleshow/111944393.cms" target="_blank">Here's a quick overview of PM Modi 3.0 government's first budget, to be presented by FM Nirmala Sitharaman today</a>

Centre to arrange ₹15,000 crore for development of capital city of Andhra Pradesh

As expected and in relief for the citizens, the central government neither tweaked nor put any additional tax burden on citizens, in the interim Budget for 2024-25 tabled by Union Finance Minister <keyword id="19916618" type="General" weightage="20" keywordseo="nirmala-sitharaman" source="keywords">Nirmala Sitharaman</keyword>. "Keeping with the convention, I do not propose to make any changes relating to taxation and propose to retain the same tax rates for direct taxes and indirect taxes including import duties," Sitharaman said in her Budget speech on Thursday. However, certain tax benefits to start-ups and investments made by sovereign wealth or pension funds as well as tax exemption on certain income of some IFSC units are expiring in March 2024. To provide continuity in taxation, she proposed to extend the date by another year. Moreover, in line with the government's vision to improve ease of living and ease of doing business, she announced to improve tax-payer services. "There are a large number of petty, non-verified, non-reconciled or disputed direct tax demands, many of them dating as far back as the year 1962, which continue to remain on the books, causing anxiety to honest tax-payers and hindering refunds of subsequent years," she said. She proposed to withdraw such outstanding direct tax demands up to Rs 25,000 for the period up to financial year 2009-10 and up to Rs 10,000 for financial years 2010-11 to 2014-15. "This is expected to benefit about a crore tax-payers," she added. Presenting the Union Budget 2023, Sitharaman on Thursday pegged the fiscal deficit target for 2024-25 at 5.1% of gross domestic product (GDP). In 2023-24, the government pegged the fiscal deficit target for 2023-24 at 5.9% of gross domestic product (GDP). Today, Sitharaman said that the fiscal deficit of 2023-24 was downwardly revised to 5.8%. The difference between total revenue and total expenditure of the government is termed as fiscal deficit. It is an indication of the total borrowings that may be needed by the government. The government intends to bring the fiscal deficit below 4.5% of GDP by the financial year 2025-26. The government intends to bring the fiscal deficit below 4.5% of GDP by the financial year 2025-26. A capital expenditure, or capex, is used to set up long-term physical or fixed assets. Last year, which was the last full Budget under the Prime Minister Narendra Modi-led government's second term, the government proposed to increase capital expenditure outlay by 33% to Rs 10 lakh crore in 2023-24, which was estimated to be 3.3% of the GDP. With the substantial increase in capex, it is central to the government's efforts to enhance growth potential and job creation, crowd in private investments and provide a cushion against global headwinds. The interim budget, tabled today, will take care of the financial needs of the intervening period until a government is formed after the Lok Sabha polls after which a full budget will be presented by the new government in July. With this Budget Presentation, Sitharaman equalled the record set by former Prime Minister Morarji Desai, who as finance minister, presented five annual budgets and one interim budget between 1959 and 1964. The Budget Session of Parliament commenced on Wednesday with President Droupadi Murmu addressing a joint sitting of Lok Sabha and Rajya Sabha. The Indian economy is projected to grow close to 7% in the financial year 2024-25 which starts this April, said the Ministry of Finance in a review report. India's economy grew 7.2% in 2022-23 and 8.7% in 2021-22. The Indian economy is expected to grow 7.3% in the current financial year 2023-24, remaining the fastest-growing major economy.

FM Nirmala Sithraman keeps tax slabs unchanged

<ul class="summary-list"><li>Business Insider looked at how young adults aged 25 to 34 spent their money in 1989 compared to 2022.</li><li>The findings show us how prices and habits changed since boomers were young adults.</li></ul>In 1989, you could see "Batman" and "When Harry Met Sally" in the movie theater. People wore <a target="_blank" href="https://www.businessinsider.com/i-tried-to-live-like-i-was-in-the-80s">brightly colored fashion</a> and bought <a target="_blank" href="https://www.businessinsider.com/nintendo-game-boy-history-evolution-ds-3ds-switch-2019-4">Nintendo Game Boy</a> consoles.In 2022, many people were still <a target="_blank" href="https://www.businessinsider.com/dream-job-in-office-work-full-time-flexibility-benefits-2024-3">working from home</a> amid the pandemic's disruptions to the workplace. They were wearing a lot of athleisure, and perhaps venturing back to movie theaters — this time to see "The Batman."In the intervening 33 years, how young adults spent their money changed dramatically. Business Insider analyzed spending data for young adults aged 25 to 34 in 1989 — which would cover part of the <a target="_blank" href="https://www.businessinsider.com/typical-baby-boomer-net-worth-debt-real-estate-retirement-2021-12">baby boomer generation</a> — and in 2022 — which would largely be people of the <a target="_blank" href="https://www.businessinsider.com/millennials-annual-income-price-of-happiness-wealth-retirement-generations-survey-2023-11">millennial</a> generation — on various kinds of food, housing, education, and more.Young adults in 1989 were spending more — when adjusted for inflation — on beef, alcohol, and homes they owned than this age group decades later in 2022.Here's how expenditures looked between the two:For this analysis, Business Insider compared average annual expenditures for <a target="_blank" href="https://www.bls.gov/cex/csxgloss.htm">households</a> that were headed by 25- to 34-year-olds in 2022 to similar 1989 households. We used data from the Consumer Expenditure Surveys program published by the Bureau of Labor Statistics, or BLS. BI calculated inflation-adjusted figures for 1989 using <a target="_blank" href="https://www.bls.gov/cpi/">consumer price index</a> data to put those costs into 2022 dollars.We wanted to examine how spending for baby boomers when they were young adults compared to millennials who were around the same age in 2022.The differences in average spending between young adults in 1989 and 2022 could be due to changes in prices or shifting habits.Take a look at rented dwellings, for example. The <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://fred.stlouisfed.org/series/CUUR0000SEHA">consumer price index data for rent of primary residence</a> suggests a lot of the increase between 1989 and 2022 is because of price increases but can also be explained by young adults being more likely to rent apartments.Millennials and <a target="_blank" href="https://www.businessinsider.com/gen-z-working-to-live-rather-than-living-to-work-2024-1">Gen Zers</a> also have different habits and living situations than their parents' generations. For example, millennials are finding it hard to become <a target="_blank" href="https://www.businessinsider.com/millennials-house-home-real-estate-mortgage-rates-rent-debt-boomers-2022-9">homeowners</a> in the US. <a target="_blank" href="https://news.gallup.com/poll/509690/young-adults-drinking-less-prior-decades.aspx">Young adults who drink alcohol are consuming fewer alcoholic drinks</a> on average than older peers in 2021-2023 or young adults back in 2001-2003, and diets have changed.Taken together, the data offers a window into how young adults' budgets have changed over the last three decades, either due to rising costs for things like healthcare, seafood, fresh fruits, housing, and used vehicles, or due to changing habits and lifestyles. Below is a closer look at what's going on. <h2 id="c8ec59cd-d329-4fbf-8c48-7568d2b85e03">Millennials are spending a lot more on healthcare and rented housing</h2>Health insurance spending stands out between the average young adult in 1989 versus in 2022. After adjusting for inflation, the average young adult spent $755 in 1989. In 2022, it was over 200% higher.A Bureau of Labor Statistics <a target="_blank" href="https://www.bls.gov/opub/btn/volume-12/how-did-the-covid-19-pandemic-affect-healthcare-spending.htm">report</a> from November 2023 by Grace Hill looked at the effects of the pandemic on healthcare spending overall and broken down by age groups and other groupings."The only age groups to increase overall healthcare spending in 2020 were the 25–34- and 45–54-years age groups," the report stated. "These age groups had the largest increases in health insurance expenditures: the largest component in healthcare spending."Additionally, young adults in 2022 were spending more on rent and related expenses than was the case in 1989. Based on average data, young adults were spending roughly 60% more on apartments and other rented housing.<h2 id="0ff748d5-9c31-4517-a485-9e80a72ee47f">Millennials are spending less on used vehicles and mortgage interest</h2>The average young adult in 2022 spent more on gas and motor oil than this group in 1989. However, they weren't spending as much on used cars and trucks.Data not adjusted for inflation shows that used cars and trucks expenditures increased more than the CPI for used cars and trucks between 1989 and 2022.A December <a target="_blank" href="https://www.bls.gov/opub/reports/consumer-expenditures/2022/home.htm">BLS report</a> about consumer expenditures said households in general, not just among young adults, spent more in 2022 on rent and related expenses and owned homes than in 2021."High home prices, high mortgage lending rates, and particularly high rental rates for apartments placed upward pressure on spending over the year," the BLS report said. "Mortgage interest and principal payments are essential expenditures for owned dwellings, and a rapidly changing mortgage environment sent an exogenous shock through the market."The report added that the high 30-year fixed rate mortgage in 2022 led to "consumers on the margin out of owned dwellings and into the rental market."While BLS doesn't directly track price changes for owned housing, it approximates them with a measure of owners' equivalent rent of residences, which is up over 160% between 1989 and 2022. Meanwhile, young adult spending for owned dwellings was up over 120% before adjusting 1989 expenditures for inflation.<h2 id="22a433a5-514a-4ec4-aa67-c64ab853a237">Young adults in 2022 spent more money on fresh fruits, vegetables, and seafood</h2>Young adults in 1989 were spending less on fresh fruits and vegetables — as well as processed vegetables — than those in this age range decades later. The average young adult in 2022 spent 71% more on fresh fruits than their counterparts in 1989. Plus, the average young adult in 2022 spent 22% more on fish and seafood and 4% more on poultry.While not the exact years we looked at for our analysis, an analysis from the <a target="_blank" href="https://www.pewresearch.org/short-reads/2016/12/13/whats-on-your-table-how-americas-diet-has-changed-over-the-decades/">Pew Research Center</a> shows how food consumption has changed between 1970 and 2014 including a big increase in chicken and cheese per year.We can also look at consumer price index data to see how inflation impacted food spending. Before adjusting 1989 data for inflation, young adults in 2022 spent 304% more on fresh fruits than young adults in 1989. Over that period, prices for fresh fruits based on CPI were up by nearly 170%, meaning that while part of the change in spending between the two years can be explained by price increases, young adults were also eating a lot more fresh fruit in 2022 than in 1989.<h2 id="4a62dd21-8983-457f-80b3-798e0dfc5e5d">In 2022, young adults spent less on alcohol, beef, and dairy products</h2>Average annual spending data shows that the average young adult in 2022 spent almost 40% less on beef than the average young adult in 1989. The average young adult also spent around 55% less on fresh milk and cream. The Pew Research Center report mentioned earlier also showed people were eating a lot less beef in 2014 than in 1970. The same was true for drinking milk.Based on our analysis, the average young adult in 2022 was spending more on nonalcoholic beverages and less on alcoholic beverages than the average young adult in 1989. A <a target="_blank" href="https://news.gallup.com/poll/509690/young-adults-drinking-less-prior-decades.aspx">Gallup post</a> shows alcoholic beverage drinkers who were between 18 and 34 years old for 2021-2023, which would also include <a target="_blank" href="https://www.businessinsider.com/gen-z-drinking-less-alcohol-bad-news-concert-venues-promoters-2023-6">Gen Z</a>, had an average of 3.6 alcoholic drinks in the past seven days. For 2001-2003, the average consumption was 5.2 alcoholic drinks among drinkers aged 18 to 34.Our analysis shows young adults weren't spending as much on <a target="_blank" href="https://www.today.com/video/why-cereal-is-losing-its-popularity-over-grab-and-go-options-193180229829">cereals</a> and cereal products, which was <a target="_blank" href="https://www.bls.gov/cex/csxgloss.htm#cu">defined</a> as including "ready-to-eat and cooked cereals, pasta, flour, prepared flour mixes, and other cereal products such as cornmeal, corn starch, and rice," in 2022 as young adults in 1989. Based on reporting from multiple outlets, <a target="_blank" href="https://www.wsj.com/finance/investing/cereal-decline-breakfast-trend-6dd591e8">cereal's popularity</a> has fallen while <a target="_blank" href="https://www.washingtonpost.com/food/2023/10/24/breakfast-sandwich-popularity-cereal/">breakfast sandwiches</a>, bars, and other items that are easy to take with you are now favorable.

Millennial vs. boomer budgets: How spending has changed for young adults in the last 30 years 

<keyword id="19900881" type="General" weightage="20" keywordseo="delhi" source="keywords">Delhi</keyword>'s finance minister Atishi presented the FY25 budget in the state assembly on Monday with an outlay of Rs 76,000 crore, announcing the 'Mukhyamamantri Mahila <keyword id="20820458" type="General" weightage="20" keywordseo="samman-yojana" source="keywords">Samman Yojana</keyword>' under which women aged 18 and above will get Rs 1,000 per month, and asserted the government is inspired by the ideals of <keyword id="20017410" type="General" weightage="20" keywordseo="ram-rajya" source="keywords">Ram Rajya</keyword>. In the budget tabled in the state assembly ahead of the general elections, she also announced that the Business Blasters scheme, which was till now being implemented in schools, will now be implemented in universities and Industrial Training Institutes (ITIs). Last year, the government had allocated Rs 78,800 crore for the financial year 2023-24 and announced nine schemes as part of the G20 preparations. The Delhi government's budget size for 2022-23 was Rs 75,800 crore and Rs 69,000 crore in the preceding year. This was the first time that Atishi presented the budget after taking charge of the finance department last year. In her budget speech, she remembered Manish Sisodia, former education minister, and <keyword id="20115511" type="General" weightage="20" keywordseo="satyendar-jain" source="keywords">Satyendar Jain</keyword>, former health minister, for their roles in shaping the education and health models in the national capital. "This is a moment of pride that the Kejriwal government is presenting its tenth budget today. I am not just presenting the tenth budget but a picture of changing Delhi. Kejriwal came as a ray of hope. We are all inspired by Ram Rajya. We are working hard towards realising the dream of Ram Rajya," she said. She proposed an allocation of Rs 16,396 crore for the education sector and highlighted the achievements of the AAP (Aam Aadmi Party) government in the field. Under the education budget, Rs 100 crore has been allocated to the State Council of Educational Research and Training (SCERT) for training teachers, and another Rs 150 crore has been proposed for the construction of new schools and classrooms. She proposed Rs 45 crore for the maintenance of existing classrooms and Rs 42 crore for Schools of Specialised Excellence in the 2024-25 fiscal. The minister announced an allocation of Rs 118 crore for sports education, Rs 1,212 crore for higher education and technical education and Rs 15 crore for "Business Blasters Senior". "The Kejriwal government will implement Business Blaster scheme in its universities and Industrial Training Institutes through Rs 15 crore allocation in budget," she added. The government announced a budget of Rs 8,685 crore for the health sector with Rs 6,215 crore being proposed for hospitals to maintain good facilities. "Under the Delhi government, there are 38 hospitals where treatment is provided free of cost to more than 81,000 OPD patients daily and 65,806 IPD patients monthly," she said. OPD stands for out-patient department, while in-patients department is referred as IPD. There are 530 Mohalla Clinics in Delhi currently, where every day, 64,000 people receive free medicines, tests, and treatment. So far, Mohalla Clinics have conducted more than seven crore OPD visits, she said. 'Farishtey Dilli Ke' scheme has saved the lives of 22,000 people, she shared. The minister announced a budget outlay of Rs 6,216 crore for various schemes under the Social Welfare Department, Women and Child Development Department and SC/ST/OBC Welfare Department. The government announced an allocation of Rs 2,000 crore for the 'Mukhyamantri Mahila Samman <keyword id="19955331" type="General" weightage="20" keywordseo="yojana" source="keywords">Yojana</keyword>' for the welfare and empowerment of women from 2024-25. Under this scheme, woman above 18 years of age will get Rs 1,000 per month, she said. For a woman to become eligible under the scheme, she should be a Delhi voter, should not be availing benefits under any other government scheme and should not be an income taxpayer, she said. According to the final electoral roll of Delhi published in January this year, there are 67,30,371 female voters in the national capital. Atishi announced an allocation of Rs 664 crore for all nutrition-related schemes. In 2014-15, the budget for law and justice was Rs 760 crore, she said. "I am delighted to share that by 2024-25, it has increased by nearly four-fold to reach Rs 3,098 crore," she said. The minister announced that in 2024-25, the Delhi government will begin the construction of four court complexes in Rohini, Karkardooma, Shastri Park, and Rouse Avenue. "These will include courtrooms, lawyer chambers, libraries, and modern facilities, totalling 250 new courtrooms. The number of people receiving free legal services through the Delhi State Legal Services Authority was 33,000 in 2016. Last year, this figure increased nearly four-fold, reaching 1.25 lakh," she shared. The finance minister announced an allocation of Rs 902 crore for unauthorised colonies. Talking about the transport sector, she said that Delhi will have over 10,000 buses in its fleet, including 80 per cent electric buses. She announced Rs 7,195 crore for the Delhi Jal Board, Rs 510 crore for induction of electric buses in DTC and cluster buses fleet and Rs 500 crore for Delhi Metro. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/realme-12-5g-with-dimensity-7050-chipset-to-launch-in-india-on-march-6/articleshow/108129873.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/realme-12-5g-with-dimensity-7050-chipset-to-launch-in-india-on-march-6/articleshow/108129873.cms" target="_blank">Realme 12+ 5G with Dimensity 7050 chipset to launch in India on March 6</a><a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-14-to-launch-in-india-on-march-7-to-take-on-the-galaxy-s23-and-oneplus-12/articleshow/107841326.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-14-to-launch-in-india-on-march-7-to-take-on-the-galaxy-s23-and-oneplus-12/articleshow/107841326.cms" target="_blank">Xiaomi 14 to launch in India on March 7, to take on the Galaxy S23 and OnePlus 12</a><a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-march-2024/slidelist/108095936.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-march-2024/slidelist/108095936.cms" target="_blank">Upcoming cars launching in India in March 2024</a>

Delhi govt presents FY25 budget with ₹76,000 crore outlay; to give ₹1,000 per month to every woman

<ul class="summary-list"><li>President Biden requested an additional $106 billion to the DoD budget, citing the Israel-Hamas war and other global conflicts.</li><li>The CEO of military contractor RTX said Tuesday the company could "benefit" from an increased DoD budget.</li></ul>On an October 24 <a target="_blank" href="https://www.fool.com/earnings/call-transcripts/2023/10/24/rtx-rtx-q3-2023-earnings-call-transcript/">earnings call</a>, RTX Corporation CEO Greg Hayes said that the defense contractor stood to "benefit" from a US Department of Defense's budget increase which would fund the supply of weapons to Israel and the restocking of weapons in Ukraine."I think really across the entire Raytheon portfolio, you're going to see a benefit of this restocking," Hayes <a target="_blank" href="https://www.fool.com/earnings/call-transcripts/2023/10/24/rtx-rtx-q3-2023-earnings-call-transcript/">said on the call</a>. "On top of what we think is going to be an increase in DOD top line."The statement was in response to a question from Kristine Liwag, an analyst from Morgan Stanley. Liwag asked how quickly RTX Corporation, formerly known as Raytheon Corporation, could profit if Congress approves President Biden's request for a DoD budget increase in 2024."Looking at this request, you've got equipment for Ukraine, air and missile defense for Israel, and replenishment of stockpile for both," <a target="_blank" href="https://www.fool.com/earnings/call-transcripts/2023/10/24/rtx-rtx-q3-2023-earnings-call-transcript/">Liwang said</a>. "And this seems to fit quite nicely with the Raytheon Defense portfolio."Representatives for Morgan Stanley did not return Insider's request for comment. A representative for RTX Corporation declined to comment, but pointed Insider to Hayes's October 24 CNBC interview, in which he said there is "very strong demand" for RTX products from Israel, the US, and "other partner countries around the world.""The war in Gaza or in Israel, again, a tragic situation — it will eventually lead to additional orders, most likely," Hayes said. "Our focus right now is how do we support the Israeli Defense Force? How do we make sure that they have what they need to be able to defend their country."<a target="_blank" href="https://www.washingtonpost.com/business/2023/10/08/israel-attack-what-is-the-iron-dome-and-how-does-it-work/920a8e92-65d8-11ee-9753-2b3742e96987_story.html">Since 2014</a>, RTX Corporation has been working with Israeli company Rafael Advanced Defense Systems to help produce Israel's Iron Dome, which detects and shoots down incoming rockets. The DoD has been funding the Iron Dome <a target="_blank" href="https://www.washingtonpost.com/business/2023/10/08/israel-attack-what-is-the-iron-dome-and-how-does-it-work/920a8e92-65d8-11ee-9753-2b3742e96987_story.html">since 2011</a>, a few years after Israel <a target="_blank" href="https://www.cnn.com/2023/10/09/world/iron-dome-israel-defense-explained-intl-dg/index.html#:~:text=The%20Iron%20Dome%2C%20explained%20and%20visualized&amp;text=The%20Israel%20Defense%20Forces%20said,batteries%20were%20deployed%20in%202011.">first began to deploy</a> it in 2007.Shortly after Biden visited Israel on October 18, Biden <a target="_blank" href="https://www.youtube.com/watch?v=wTxDZ6D1A1E">posted a video address</a> from the Oval Office, requesting an additional $106 billion to fund US <a target="_blank" href="https://www.defense.gov/News/News-Stories/Article/Article/3564475/biden-asks-congress-to-approve-fiscal-24-supplemental-request/">military aid</a> to Israel and Ukraine, and to bolster US <a target="_blank" href="https://www.npr.org/2023/10/20/1206301577/biden-ukraine-israel-congress-funding-request">troops along the southern border.</a> He called the budget request "a smart investment" in American security and emphasized the need to support Israel's Iron Dome.Biden's $106 billion supplemental budget request can't be approved until the Republican Party elects a Speaker of the House, following Kevin McCarthy's ouster from the position several weeks ago. Failure to approve a new federal budget by November 17 could lead to a <a target="_blank" href="https://www.businessinsider.com/next-house-speaker-will-have-a-mountain-of-work-2023-10">government shutdown,</a> resulting in a halt in all payments to federal workers, contractors, and members of the military.National Security Advisor Jake Sullivan said in an October 20 <a target="_blank" href="https://www.defense.gov/News/News-Stories/Article/Article/3564475/biden-asks-congress-to-approve-fiscal-24-supplemental-request/">press release</a> that the US has already given Israel "interceptor rockets" to support its Iron Dome missile defense system following the October 7 attack from Hamas.In 2020, <a target="_blank" href="https://www.rtx.com/raytheon/what-we-do/integrated-air-and-missile-defense/irondome">RTX Corporation</a> and Rafael Advanced Defense Systems <a target="_blank" href="https://www.rafael.co.il/press/raytheon-missiles-defense-and-rafael-team-to-establish-u-s-based-iron-dome-weapon-system-production-facility/">partnered to</a> create the joint-venture "Rafael USA," a US-based company that produces both the missile interceptors and launchers that make up Israel's <a target="_blank" href="https://www.raytheonmissilesanddefense.com/capabilities/products/irondome">Iron Dome Weapon System</a>, and a new "U.S. derivative" of the weapons called SkyHunter."This will be the first Iron Dome all-up-round facility outside of Israel, and it will help the U.S. Department of Defense and allies across the globe obtain the system for defense of their service members and critical infrastructure," Sam Deneke, RTX's vice president of land warfare and air defense business execution, said in a press release when the partnership was announced.The RTX Corporation earnings call also reported that the company anticipated its 2023 adjusted sales to be about $74.0 billion, <a target="_blank" href="https://www.rtx.com/news/news-center/2023/10/24/rtx-reports-q3-2023-results">which it says is </a>"up from $73.0 - $74.0 billion" compared to last year.Following an October 7 attack by Hamas militants into southern Israel, <a target="_blank" href="https://www.aljazeera.com/news/2023/10/24/more-than-700-killed-in-overnight-israeli-attacks-gaza-officials-say#:~:text=Israel%20launched%20an%20assault%20on,southern%20Israel%20on%20October%207.">an estimated 1,400 </a>Israelis have died, and <a target="_blank" href="https://thehill.com/policy/international/4269262-israel-increases-number-of-hostages-taken-by-hamas-to-212/#:~:text=The%20estimated%20number%20of%20hostages,Defense%20Forces%20(IDF)%20spokesperson.">more than 200 people</a> have been taken as hostages into Gaza. Following the attack, Israel began a series of air strikes that have killed an estimated <a target="_blank" href="https://www.dw.com/en/israel-hamas-war-5000-killed-in-gaza-health-ministry-says/live-67180974">5,000 people</a> in Gaza, including about 2,000 children, according to Gaza's health ministry. Israel, which controls almost all of Gaza's utility access, also cut off its electricity and water access following the Hamas attack and hardened its 16-year blockade on the territory. This prevented any food, water, and medical supplies from entering Gaza until this week, when <a target="_blank" href="https://www.theguardian.com/world/live/2023/oct/22/israel-hamas-war-live-gaza-strikes-to-intensify-israeli-military-says-west-bank-mosque-hit">small convoys of trucks</a> were allowed to begin bringing aid through the Rafah crossing bordering Egypt.

Raytheon's CEO said on an earnings call that the company stood to 'benefit' from DoD budget increases due to the war in Israel

Kolkata, Independent Hindi films are not earning as much revenue as they did even four-five years back and such small-budget movies should be run for at least a week in theatres for word-of-mouth promotion, director <keyword id="157284" type="General" weightage="20" keywordseo="vikramaditya-motwane" source="Orion">Vikramaditya Motwane</keyword> has said. An <keyword id="3178970" type="General" weightage="20" keywordseo="independent-film" source="Orion">independent film</keyword> or 'indie film' is a movie that is brought out mainly by people outside the mainstream industry, generally without the involvement of major studios. "What is happening is unfortunate. Filmmakers and writers are experimental. They are coming up with new ideas, but the audiences are fewer. Hindi <keyword id="1511709" type="General" weightage="20" keywordseo="indie-films" source="Orion">indie films</keyword> are struggling now to get an audience when compared to the response received by films like Court or Masaan a few years back," Motwane said. 'Court' (2014), Chaitanya Tamhane's directorial debut, is a courtroom drama involving a teacher cum protest singer who was accused of abetting the suicide of a sewer worker. The film won several awards. Another indie film 'Masaan' (2015) tells the tale of four persons who confront personal tragedies. This movie won a national award. "These good content small budget films had got support from the audiences. But the situation has changed post-pandemic," Motwane told PTI on the sidelines of an event. Independent films need theatres to be screened so that people can watch them, said the director of 'Bhavesh Joshi Superhero' (2018). "If an independent small-budget film cannot run for a week, how can there be word of mouth (publicity) after two-three days? People need to watch it and know its contents," he said. In the USA with a population of 33 crores, there are 30,000 theatres and, in the case of India, only 10,000 halls serve 130 crores of its people, Motwane said. If there are more theatres, more people will be able to watch indie films, he said.

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