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 …
Passengers travelling in long-distance trains will soon get respite from the stench of toilets with Railways set to replace them with "odourless" bio-toilets. With a view to providing more hygienic conditions, Railways is firming up a green initiative to manufacture 2,500 bio-toilets in the upcoming fiscal. Unlike traditional toilets in …
Chandigarh: The Ministry of Human Resource Development (MHRD) has sanctioned Rs 54 crore grant to Chandigarh Unit of Sarv Shiksha Abhiyan (SSA) for academic session 2012-13. Sarv Shiksha Abhiyan had put across a budget proposal of Rs 72 crore. This year, two new schools will be set up under SSA …
This budget should put the economy on steroids by fixing the fisc. Economic developments since the last budget have shown that making advance assessments about the economic environment is challenging. In fact, such developments lend credence to the maxim, “hope for the best, but prepare for the worst.” The worst …
The ministry of new and renewable energy is seeking extension of existing incentives for the wind energy sector in the upcoming Union Budget. This would ensure growth momentum in the coming years after the sector added record 10,500 mw in the 11th Five Year Plan, government and industry officials said. …
The union government, it seems, will have to wait a little longer for the crucial Land Acquisition and Rehabilitation and Resettlement Bill which was expected to be tabled in Parliament during the upcoming Budget Session. The standing committee on rural development, which is examining the proposed legislation, is set to …
PATNA, 29 FEB: The election may still be far away, but the ruling Nitish Kumar government in Bihar has already drafted a well thought-out, new political strategy to beat its rivals in the polls. In a marked shift from his previous strategy of focusing on “good roads” and “improved law …
Floor price for tomorrow's auction fixed at Rs 290 The Union government will raise at least Rs 12,400 crore through the sale of five per cent stake in Oil and Natural Gas Corporation (ONGC), giving it a much-needed cushion in the run-up to the Budget. The government would sell 427.77 …
Consider this: The government’s revenue mop-up stood at Rs 5.2 lakh crore for the first nine months of 2011-12. The target for the entire fiscal was Rs 8.4 lakh crore. Industrial output slowed down to 3.6 per cent during the period. It was 8.3 per cent last year. In December …
Researchers claim India is losing its forests more rapidly than Brazil and Malaysia. They question the findings of the latest State of the Forest Report 2011 which highlights that forest cover has increased by nearly five per cent between 1997 and 2007 and is presently covering nearly 24 per cent …
Framework of corpus in nascent stage, to come up in 2012-13 Budget The government is planning to come up with a price protection fund to cushion the burden of food subsidy, which is expected to grow manifold under the new Food Security Bill. The proposed fund, under the ministry of …
Central allocation for the Mahatama Gandhi National Rural Employment Guarantee Scheme (MNREGS) has been falling in recent years, with this year recording the steepest decline. Money released for the scheme fell from Rs 35,242 crore last year to Rs 21,441 crore this year, while expenditure has gone down from Rs …
Countries opposed to an EU law forcing the world’s airlines to pay for carbon emissions have agreed on a basket of retaliatory measures but will leave it up to each country to choose among them, Russia’s deputy transport minister said on Wednesday. “Each country has the options of barring its …
A cost-benefit analysis shows it makes sense to opt for a diesel car than a petrol version if your usage is high, says Prashant Mahesh. It seems everyone wants to buy a diesel car these days. Or at least they are thinking about it. Quite a natural reaction though, considering …
During its response to the worst financial-economic crisis in a generation, the World Bank failed to adequately tailor its lending patterns to the severity of the downturn across nations and today finds itself with potentially insufficient headroom to respond to a second crisis of similar or greater magnitude to the …
Haryana Governor Jagannath Pahadia today asserted that the effects of the state’s economic rise were being felt across the nation. Addressing the Budget session of the Haryana Assembly on its opening day, Pahadia said according to quick estimates, the state’s economy had achieved a growth rate of 9.6 per cent …
SHILLONG: A budget allocation of Rs 16,31,00,580 crore was presented during the Budget Session of the Khasi Hills Autonomous District Council (KHADC) session today. The amount is for the month beginning March 2012 to June 2012 as the full budget for the financial year 2012-2013 could not be allocated due …
Subsidies on diesel should not be offered to luxury cars, telecom towers and other industries and must be restricted only to agriculture and transport sectors, according to industry chamber Assocham’s newly- elected President, Mr Rajkumar Dhoot. The government should levy additional duties to luxury players, who are currently using subsidised …
Money to be used to strengthen distribution channels for successful implementation of Food Security Bill Signalling its commitment to roll out the Food Security Bill in the next fiscal, finance minister Pranab Mukherjee is likely to announce a token allocation of . 5,000 crore in the forthcoming budget. The funds …
Oppn May Use Issues As Ammo To Target Govt In Budget Session New Delhi: The Comptroller and Auditor General (CAG) is giving final touches to two reports where it has pointed out anomalies in allocation of funds under the centrally-run JNNURM scheme and UPA government’s debt waiver to farmers in …
SHILLONG: Meghalaya Government carried out the second round of pre-budget consultations on resource allocations, even as the Chief Minster Mukul Sangma emphasized on the targeted 11 per cent growth rate by the end of the next five year plan. During the consultation sessions held at the committee room of the …
