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
The expenditure squeeze being enforced for 2012-13 and the likely freezing of the Budget size for 2013-14 could impact many welfare schemes run by the ministry of rural development (MRD) the most, although the UPA's showpiece Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) might be spared. With economic prospects deteriorating more than initially expected by the government, the finance ministry is cutting down the budgetary allocation for this fiscal to popular schemes like Pradhan Mantri Gram Sadak Yojana (PMGSY), Indira Awaas Yojana and National Rural Livelihood Mission (NRLM) by 20-25%, sources said. These cut would be seen in the revised estimate in the Budget.
The agriculture ministry is seeking more budgetary support to increase farm sector growth rate to 4% per annum from 3.5% at present. “The allocation this year would be more as the country needs to produce more to provide food security to the nation,” an agriculture ministry official said. “The scheme ‘Bringing Green Revolution in Eastern India’ has done well with increased funds of . 1,000 crore. We expect more allocation.” In the last budget, the total plan outlay for agriculture and cooperation was increased by 18% from . 17,123 crore in 2011-12 to . 20,208 crore.
Govt asks bankers to pitch in with Rs 1,000 crore for scheme With an eye on wooing voters for the 2014 Assembly elections, Haryana is all set to launch a housing scheme for the poor in its upcoming
JAIPUR: Targeting a revenue of more than Rs 800 crore for the financial year 2013-14 , the Jaipur Municipal Corporation ( JMC) on Monday presented the budget with a total outlay of Rs 1,015 crore. Mayor JyotiKhandelwal read out the details amid uproar and protest in hall. In the budget, Rs 444 cr has been proposed for development work in the city. The JMC will arrange Rs 363 cr while an assistance of Rs 81 cr will be asked from the state government for the development in peripheries of JMC.
Lucknow: The Lucknow Municipal Corporation on Monday presented its 2013-14 budget to the 12-member executive committee. The salient features of the budget included abolition of house tax for people living
The C Rangarajan committee’s proposal to nearly double the domestic price of natural gas, if implemented, could adversely affect the government’s subsidy reduction plan and make the new urea investment
Kochi: The Greater Cochin Development Authority (GCDA) will focus on addressing transport issues in the upcoming budget. Briefing the media on pre-budget discussions in Kochi on Monday, GCDA chairman N Venugopal said that various transport projects, including the ring road and water transport projects, would be given importance in the budget. GCDA will send a letter to the state government requesting that the development body be made the nodal agency for coordinating various water transport proejcts in Kochi.
Complains to ministry about co not co-operating with auditors due to differences over scope of the audit The Comptroller and Auditor General’s (CAG) audit of the controversial KG-D6 gas fields operated by Reliance Industries (RIL) has again cast a shadow on pending approvals for the block’s budget and investment plans. The Director General of Hydrocarbons (DGH) has refused to issue approval letters for the block’s work plans and budget since 2010-11. A letter written by CAG to the oil ministry on January 17 said that Reliance was not co-operating with the auditors due to differences over the scope of the audit, official sources said.
The Ministry of Environment and Forests (MoEF) has sought Rs 462 crore in its budgetary allocation for improving the forest cover in India by five million hectares over the next 10 years as part of the
New Delhi: Buckling under party pressure, the ruling BJP in South Delhi Municipal Corporation has decided not to increase parking rates in the city. Of the three corporations, South corporation was the