Budget

Budgeting for agriculture and food

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. Signicantly, 2023 is also the year in which India became the most populated country in the planet and assumed G20 presidency. The Budget served as …

Goa slashes petrol price by 11

Porvorim: Petrol in Goa will be cheaper by Rs 11 from April 2, housewives with annual incomes below Rs 3 lakh will get a monthly allowance of Rs 1,000 and the price of cooking gas has been fixed for the next five years. Chief minister Manohar Parrikar on Monday presented …

Japanese aid to be sought for bolstering power transmission network

Compact Fluorescent Lamps (CFL) to be provided free to 14.62 lakh huts A proposal aimed at strengthening the power transmission network at a cost of about Rs.3,573 crore has been sent by the State government to the Union Ministry of Economic Affairs for seeking financial assistance from the Japan International …

59 industries in Maharashtra fined for hazardous waste

The Maharashtra Pollution Control Board (MPCB) has fined 59 industrial units for unlawfully storing and disposing large quantities of hazardous waste on their premises. The industries have been asked by MPCB to pay the fine (amount not specified) and have been directed to send the hazardous waste to common treatment …

Diesel cars overtake petrol ones in sales

Riding on the lower retail price of fuel, diesel automobiles for the first time ever surged ahead of petrol models in December last year, capturing more than 50% of the passenger vehicle market comprising cars, SUVs and utility vehicles. Industry numbers accessed by TOI show that diesel vehicle sales have …

Clean energy fund swells to Rs 3,864 cr

Even as the government’s annual Economic Survey outlines the importance of climate change and global warming, the Union Budget 2012-13 made no announcement towards climate financing. Finance Minister Pranab Mukherjee made no specific announcement about how the Rs 3,864-crore National Clean Energy Fund is going to be utilised in 2012-13. …

Govt, Oppn to iron out differences on Lokpal Bill in Budget Session recess

The government today stepped up efforts to iron out differences on contentious aspects of the Lokpal Bill, with Prime Minister Manmohan Singh meeting leaders of various parties during which it was decided that the legislation could be taken up during the second half of the Budget Session. At the all-party …

Water security tops chart requiring huge allocation

The state budget that is to be announced on March 26 is likely to be a populist one with the state government planning to expand the ambit of its social welfare schemes and announcing some new ones. However, given the challenges faced by the state, chief minister Ashok Gelhot will …

‘Central rural drinking water scheme lacking hope in Assam’

GUWAHATI: The rural drinking water supply under the Central Government’s flagship Bharat Nirman programme has not proved to be a success in Assam in comparison to other States. This was revealed in the Economic Survey 2011-12 presented by the Union Finance Minister Pranab Mukherjee in the Parliament before the presentation …

Interim Budget presented in Mizoram

Mizoram Finance Minister H Liansailova today presented an Interim Annual Budget for 2012-2013 in the Assembly to seek a vote on account for the first four months of the next fiscal amounting to Rs 1,663.12 crore. The minister informed the Assembly that as the Planning Commission failed to finalise the …

Food bill likely to be rolled out by December, says minister

Allaying fears that the ambitious food security bill may not be enacted in the next financial year due to meagre allocation for food subsidy in the Budget, the government on Wednesday said the legislation was expected to implemented by December-end. The food ministry is mulling changes in various set-ups like …

Poverty nos: World Bank says no plan to trim lending to India

The World Bank will not reduce financial assistance to India for poverty alleviation measures because of the recent official data that showed a decline in the number of poor people in the country. The international funding agency takes a long-term view on its commitments and the poverty data released on …

Karnataka Budget at Rs 1 lakh crore

Bangalore Karnataka government today presented the Budget that exceeded Rs 1 lakh crore in value for the first time and announced the acceptance of pay commission recommendations bringing cheer to employees. It also proposed to levy value added tax (VAT) at five per cent on beedies and plastic woven fabrics …

Over 40% rise in budget spending for urban poor

After an almost negligible increase in budget spending for the urban poor for the past few years, the total spending on the poorer section of the society will see a drastic rise of over 40 per cent in the 2012-’13 fiscal. The civic budget presented on Tuesday provides for a …

Punjab, Haryana spend more on teachers than kids

In Punjab and Haryana, expenditure on teachers and school infrastructure far outstrips the expenditure on children’s entitlements and services. The annual PAISA report (brought out by NGO Pratham) that tracks the flow of SSA funds shows that in both Punjab and Haryana, allocations on quality improvement of teaching and children …

50 ps relief per litre of diesel

Diesel will be less taxing on your pockets as it will be cheaper by 50 paise per litre from April 1. But, get ready to pay more for cigarettes, beedies and other tobacco products. Gold, noble metals, precious and semi-precious stones will cost less with the State government deciding to …

Indian budget disappoints

India’s remarkable growth in science funding — notching up annual increases of about 25% over the past five years — seems finally to have been hit by the global economic downturn.

State Govt clears Rs 778 crore for Commerce & Industry, IT

The budgetary demands of Rs 777. 95 crore of Commerce and Industries and IT departments were cleared by the State Assembly on Tuesday with voice vote. Madhya Pradesh stood on fifth position in the industrial investments in the country. The State Government is planning an expenditure of Rs 5, 000 …

Mukul Sangma presents Rs 382-cr deficit budget

SHILLONG, March 19 – Chief Minster Mukul Sangma today presented a deficit budget of Rs 382 crore for 2012-13 and proposed tax increase on alcohol and tobacco products to raise awareness about the ill-effects of such products. “For infusing better consciousness about ill-affects of tobacco and tobacco products on the …

Bride, who demanded toilet after marriage, rewarded

Anita Bai Narre insisted on a toilet as precondition for living at husband's place As if to buttress Prime Minister Manmohan Singh's emphasis on drinking water and sanitation in his reply to the motion of thanks to the President's address, a young woman was rewarded for her successful insistence on …

Farce of Food Subsidy Being Played Out Again

The UPA-II has used the Budget to again play politics with hunger. But it has paid no heed to the ticking time bomb of growing social tensions as 58 million Indians living off agriculture slide deeper into poverty. The Economic Survey says more than half the population is dependent on …

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