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. Signicantly, 2023 is also the year
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
PPP projects to improve coal production, sops for wind power producers Finance Minister P Chidambaram today proposed fresh incentives for the power industry, which is struggling to cope with fuel constraints as well as poor financial conditions of distribution utilities. Chidambaram has announced public-private partnership (PPP) projects in the coal sector to boost the fuel's production and said price pooling would soon be a reality. Earlier, the government had proposed to average prices of domestic and imported coal to get a uniform price of the commodity.
Given the economic and political circumstances, the finance minister has presented a pragmatic vwith good intentions for inclusive and sustainable development. This is one of the most challenging times
The hike in customes duty on fully built imported vehicles from 75 per cent to 100 per cent in the Budget 2013-14 has disappointed the industry but given its small size, the impact may not be significant. Speaking to The Hindu , Wilfried Aulbur, Managing Partner, Roland Berger Strategic Consultants, and former MD & CEO, Mercedes Benz India, said, “the fully imported vehicle market in India is around a mere 3,000 units per annum. If one considers the big three German players — Audi, Mercedes Benz and BMW — fully imported vehicles constitute 7-10 per cent of their portfolio here.’’
Generation Based Incentive is back; Ministry to get Rs.800-crore One of the major gainers of the Union budget is the wind energy sector, with Finance Minister P. Chidambaram announcing the reintroduction of the Generation Based Incentive (GBI). A sum of Rs. 800 crore is to be provided to the Ministry of New and Renewable Energy (MNRE) for this purpose. “The non-conventional wind energy sector deserves incentives,” he said.
The budget signals a decisive shift to high-value agriculture with allocations for crop diversification in the Indo-Gangetic belt, nutri-farms for growing fortified food crops, Farmer Producer Organisations
Emphasising the importance of science and technology, Union Finance Minister P. Chidambaram has announced “substantial’’ increases in the budget for the Ministry of Science and Technology and the Departments of Atomic Energy and Space for the coming year. While Rs. 6,275 crore has been allocated to the Ministry of Science & Technology; Rs. 5,615 crore has been allocated to the Department of Space; and Rs. 5, 880 crore to the Department of Atomic Energy.
The National Urban Health Mission (NUHM) will be launched in Bangalore on a pilot basis in the coming months. The State Health department has already prepared the Project Implementation Plan (PIP) for Bangalore City and submitted it to the Union Ministry for Health and Family Welfare. With the Union Budget for the year 2013-2014 tabled on Thursday, the urban health mission launch process is expected to be accelerated.
The government in its Budget has largely maintained its social sector spending at the same level. The allocation to the Ministry of Rural Development that runs flagship schemes like MGNREGS has gone up
The Union Budget sought to consolidate the "remarkable progress" achieved in government's efforts to extend green revolution to eastern India by deciding to continue with the Rs 1,000-crore support. Finance
The Budget has done its bit to promote alternative therapy for curing your aches and pains. Traditional therapies like ayurveda, unani, siddha and homoepathy medicines may get a boost through an allocation,