The Union Budget 2023-24 was presented against the backdrop of some critical geopolitical developments and was the last full budget before the next general elections. Signicantly, 2023 is also the year in which India became the most populated country in the planet and assumed G20 presidency. The Budget served as …
A Rs. 500 crore farmers' loan relief scheme to aid the debt-ridden farmers, many of whom have been forced to commit suicide, and three rural development schemes named after the Samajwadi Party ideologue Ram Manohar Lohia are among the 280 new populist measures proposed in the State Budget for the …
LUCKNOW: Anticipating what farmers support could mean to Samajwadi Party in the 2014 Lok Sabha elections, the Akhilesh government doled out sops worth Rs 5,432.37 crore for agriculture and allied activities to benefit the group. Chief minister Akhilesh Yadav also reiterated his government's commitment to scrap the old land acquisition …
The federal government has planned to spend Rs 41.2 billion on water resource development including small and medium dams as well as canal channels to enhance irrigation income. The water sector’s share out of the total development budget remained between 16 to 20 percent during the last five years whereas …
LUCKNOW: Chief minister Akhilesh Yadav presented his first budget in the state assembly on Friday morning. The budget 2012-13 is of Rs 2 lakh crore, which is 18% higher than 2011-12 budget. The state government has made special allocations to fulfill the poll promises made by the Samajwadi Party before …
Bharatiya Janata Party members walk out of the House; nationwide bandh tomorrow Protesting against the proposed imposition of 5 per cent Value Added Tax on Compressed Natural Gas announced by Chief Minister Sheila Dikshit in the Delhi Budget 2012-13, the Bharatiya Janata Party members walked out of the Delhi Assembly …
People hit hard by the recent sharp increase in the price of petrol have been given some relief by the Delhi Government as it announced an exemption of Value Added Tax on the increased amount in the Delhi Budget which was presented on Monday. This will effectively lower the price …
With emphasis in the 12th Plan on the social services sectors for achieving more inclusive growth, the Delhi Budget has allocated Rs.9,796 crore or 65 per cent of the total Plan outlay of Rs.15,000 for 2012-13 on this sector. The money, Chief Minister Sheila Dikshit said, will be used for …
Chief Minister Sheila Dikshit, who also holds the Finance portfolio, announced the “people-friendly” budget for financial year 2012-13 on Monday. To make Delhi a “caring city” Dikshit earmarked a substantial sum for sectors like social welfare, education and health. With the Delhi Assembly elections scheduled for December 2013, the budget …
From “development with a human face” in the 12th Five Year Plan, Delhi will be moving towards becoming a “good, productive and caring city” in the 12th Plan that begins in 2012, Chief Minister Sheila Dikshit said as she presented the Delhi Budget for 2012-13 in the Assembly on Monday. …
2/3rd Plan Outlay Earmarked For Social Sector New Delhi: Petrol will cost Rs 1.26 less per litre, but CNG, which fuels public transport on Delhi’s roads, is set to get costlier by Rs 1.77 per kilogram. The Delhi budget presented by chief minister Sheila Dikshit on Monday also saw two-thirds …
Apart from slashing 20 per cent VAT on the price of petrol in the city to bring it down by `1.26 per litre, the Delhi government, in its `33,436-crore Budget 2012-13 announced on Monday, gave the highest allocation to social sector spending. The huge significance to social sector spending in …
Read the Delhi Budget Speech delivered by Chief Minister Sheila Dixit for the financial year 2012- 2013. The year 2012-2013 is the first year of a new plan period, the Twelfth Five Year Plan (2012-2017). During this period, she observes Delhi emerging as a ‘Caring City’. for more text: http://delhi.gov.in/wps/wcm/connect/b83433004b67e23f8b1bbbec24aa3605/BUDGET+SPEECH.pdf?MOD=AJPERES&lmod;=-1830083256&CACHEID;=b83433004b67e23f8b1bbbec24aa3605&lmod;=-1847434430&CACHEID;=b83433004b67e23f8b1bbbec24aa3605&lmod;=-1847434430&CACHEID;=b83433004b67e23f8b1bbbec24aa3605&lmod;=-1847434430&CACHEID;=b83433004b67e23f8b1bbbec24aa3605&lmod;=-1847434430&CACHEID;=b83433004b67e23f8b1bbbec24aa3605
Amid widening price difference between petrol and diesel, the Finance Ministry is looking at the possibility of raising excise duty on diesel cars, a suggestion which was mooted long back by the Oil Ministry. "Hiking excise duty on diesel cars is still on the agenda. It was not taken up …
New Delhi Highlighting its inability to support increasing number of metro projects, the Centre has asked state governments to follow the models of Karnataka and Delhi for financing capital-intensive Metro rail projects by levying cess on residential and commercial developments, and increasing house tax. It has also urged them to …
Bhubaneswar: Finance minister Prafulla Chandra Ghadai on Thursday urged the Centre to waive all taxes levied on petrol and roll back the hike to avoid a major economic disaster. Reacting to the Rs 7.50-paise hike per litre of petrol, he said the common people would be hit hard and it …
The Ministry of Finance (MOF) announced Thursday that central government-funded expenditures on energy savings and emission reductions as well as on renewable energies development will total 97.9 billion yuan ($15.5 billion) this year, up 25.1 billion yuan from 2011. The government's accumulative "green" investment will hit 170 billion yuan in …
The finance ministry will release Rs 38,500 crore from the budget for cash-strapped state-run oil marketing companies (OMCs). Also, the Department of Expenditure has directed state-run upstream firms ONGC, Oil India and GAIL India to shell out an additional Rs 1,640 crore — over the Rs 53,360 crore indicated earlier …
Interventions to fight malnutrition must be simultaneous with outcomes being monitored by an overarching body. The finance minister’s Budget 2012 speech contains the much-awaited, much-needed paradigm shift in government’s approach to reduce undernutrition and micronutrient deficiency, the indicators of which are fast qualifying India as the malnutrition capital of the …
After patting on the back by announcing that he would give one per cent of the annual budget of the ministry for rural development (`99,000 crores) to the ministry of panchayati raj, Union minister Jairam Ramesh is faced with reality check — that it is not he who can do …
The policy will include increasing the floor space index & easing of density norms An affordable housing policy is in the works to attract developers and to meet the shortage of around 25 million houses in the country. The Union Budget had announced access to external commercial borrowing (ECB) for …
