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 …
Even as Tamil Nadu is opposed to the idea of a new dam instead of the present one at Mullaperiyar, the Kerala Budget for 2012-13 has set aside Rs 50 crore for preliminary work on a new dam. Finance Minister K M Mani, whose party, the Kerala Congress, has been …
New Delhi: Finance minister Pranab Mukherjee on Monday hinted at a hike in diesel and cooking gas (LPG) prices after the Budget session, saying political consensus for this will be built after the session. “... After the Budget session is over, I shall discuss with various state governments, chief ministers, …
The anti-endosulfan Campaign Committee, which had been in the forefront to campaign for and to coordinate relief and rehabilitation works for hundreds of the hapless families of endosulfan victims on Monday expressed utter dismay over the “farcical” assurance in the budget proposals to mitigate plight of the less fortunate lot. …
Finance Minister K.M. Mani’s announcement during his Budget speech in the Assembly that the biodiversity-rich wetland area of Munderikadavu here will be developed into a bird sanctuary has been greeted by bird lovers in the region with a note of caution that the proposal should envisage the protection of the …
Finance Minister K.M. Mani has proposed a two pronged approach to address the state’s worsening waste management crisis with an allocation of Rs 100 crore each for source level waste treatment plants and centralised high tech waste management plants in the state annual budget for 2012-13. It has been proposed …
Rejecting criticism that General Budget was not bold and he lost the opportunity, finance minister Pranab Mukherjee on Sunday suggested his critics to look at ground realities in the political sphere. He also said that any reduction in subsidies and hike in petroleum product prices could be considered only after …
New Delhi Allocation for UPA’s ambitious MNREGA scheme may have come down in the Union Budget but there would be no lack of funds for the rural job programme, rural development minister Jairam Ramesh said today. The allocation for the scheme entitling employment to poor rural households has been reduced …
The government’s plans to reign in petroleum subsidies to plug the fiscal deficit next financial year are in jeopardy, as a whopping Rs 2.13 lakh-crore revenue loss is expected at the current levels of global crude oil prices and domestic retail prices of controlled products. Non-revision of diesel, LPG and …
External lenders may not find low-income or affordable housing attractive, due to the low profit margins and high risk A proposal has been mooted for all external commercial borrowing (ECB) for affordable housing to be routed through the National Housing Bank (NHB), mooted by the latter. Many in the real …
Around the same time the finance minister was reading out his Budget speech, Honda Motors was applying the final touches to its long-term diesel game plan for India, which will culminate in India emerging a global hub for diesel engines for compact cars. With Pranab Mukherjee steering clear of imposing …
Country's top iron ore producer NMDC plans to invest Rs 3,513 crore on its upcoming 3 million tonne per annum capacity steel plant at Nagarnar in Chhattisgarh. According to the Budget documents, the state-owned firm has kept a capital expenditure target of Rs 4,655 crore in the next fiscal and …
With the inflation beast tamed, the finance minister has tried to revive investments, stimulate demand and remove infrastructure constraints in the Union Budget The Honourable finance minister, in the Union Budget for 2012-13, has achieved a fine balance against a challenging economic and political environment, and has generated growth stimulus, …
Even though the Union Budget 2012-13 has alluded to the possibility of freeing prices of diesel and fertiliser, the UPA is yet to build consensus amongst its allies on these contentious issues. “The Budget has to be passed by Parliament and I cannot make a proposal that is not acceptable …
Shillong: The Meghalaya State Pollution Board (MPSCB) will conduct a public hearing on a proposal of the Cement Manufacturing Company Limited (CMCL) to acquire more land for mining of limestone in Lumshnong area in Jaintia Hills. The public hearing assumes significance in the context that degradation of the environment in …
New Delhi A 17% cut in the budgetary allocation for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) for FY13 is a fallout of successive years of poor expenditure by states and allegations of diversion and misappropriation of funds. “Considering that states have not been able to spend the …
NewDelhi:The government decided against levying a cess on diesel vehicles fearing that the move will adversely impact employment and investment, especially after companies have sunk in thousands of crores in the country, a senior finance ministry official said. “It was a policy decision taken at the highest level,” said the …
Indians, it seems, are obsessed with growth. Everyone wants to see and experience it. Growth, however, is as much elusive as it is desired. Policy makers and politicians are at their wits' end in their efforts to put the economy in the growth trajectory. The days of 9 per cent …
NEW DELHI: The union budget has failed to take steps to stop the misuse of diesel subsidy by private cars, said advocacy organisation Centre for Science and Environment (CSE) Saturday. Calling the budget as a mixed bag, Anumita Roychowdhury, head of CSE's sustainable mobility team, said they supported the tax …
Spending has been increased again, but there’s still no effort in the Budget to improve outcomes In this Budget, the government has raised the outlay for social sector schemes — from drinking water and sanitation to education and health. This is clearly important. But the question is: how will this …
Environmentalists have welcomed the government’s tax hike on big cars and SUVs, claiming this will help reduce toxic emissions. But they warn that the government has taken no steps to curb the use of subsidised diesel in private diesel cars. Anumita Roychowdhury, executive director, research and advocacy, Centre for Science …
