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Economic Development

  • A people-friendly budget on the cards (Editorial)

    Indian Prime Minister Manmohan Singh's government is gearing up to present its last budget before the general election and there is no doubt that please-all is going to be the mantra for this annual accounting ritual. Finance Minister P Chidambaram has made it clear that next year will only be a vote on account, so his last budget speech - at least under the present regime - will be on Feb 29.

  • Panel to study ways to mitigate exporters' woes

    Union Commerce and Industry Minister Kamal Nath (left) being welcomed by FICCI President Habil Khorakiwala at the 80th annual meeting of FICCI in New Delhi on Saturday. NEW DELHI: With a view to bailing out exporters reeling under the impact of a costlier rupee, the Centre has asked the Finance Commission to figure out and suggest ways in which it could refund State levies to traders and adjust the same against the States' accounts. In fact, the terms of reference have been enlarged to enable the Commission to address itself to this aspect.

  • SEZ lessons from China

    Anurag Viswanath & Manoranjan Mohanty / New Delhi India seeks to emulate China's SEZ policy though it is increasingly under attack there.

  • Annual Plan pegged at Rs 2,400 cr

    The size of the 2008-2009 Annual Plan for Himachal has been fixed at Rs 2400 crore, an increase of 14 per cent over the current financial year. The plan was finalised at a meeting between Chief Minister Prem Kumar Dhumal and deputy chairman of the Planning Commission Montek Singh Ahluwalia in Delhi today.

  • 2,400-crore Annual Plan for Himachal

    Himachal Chief Minister Prem Kumar Dhumal with Planning Commission Deputy Chairman Montek Singh Ahluwalia in New Delhi on Wednesday. The 2008-09 Annual Plan for Himachal Pradesh was finalised at Rs.2,400 crore at a meeting here on Wednesday between Planning Commission Deputy Chairman Montek Singh Ahluwalia and Chief Minister Prem Kumar Dhumal. The Plan outlay includes an additional Central assistance of Rs.450 crore earmarked for priority projects.

  • Budget estimates to be reviewed following protests

    Chandigarh, February 12 The councillors of Municipal Corporation Chandigarh have decided to review the draft budget estimates for the year 2008-09. A decision to this effect was taken at a meeting of Finance and Contract Committee on Tuesday. While some members claimed that no decision over the draft budget estimates was taken in the meeting, Mayor Pardeep Chhabra maintained that the budget has been approved and referred to MC House.

  • Budget session to begin on February 25

    The budget session of Parliament will begin on February 25 with President Pratibha Patil addressing the joint session of both Houses at 11 am, it was officially announced here on Monday. While railway minister Lalu Prasad will present the rail budget for 2008-09 on February 26, finance minister P Chidambaram will present the general budget on February 29. The three-month session will witness a total 35 sittings with a break from March 21 to April 14. The session will end on May 9. TNN

  • Madhya Pradesh: Industrial peace prevails in MP

    All is set for yet another investors' summit in the State after the stupendous success of Global Investors Summit at Indore- Muslim Saleem

  • Andhra Pradesh poised for 10.37 p.c. growth, says N.D.Tiwari

    Andhra Pradesh Governor Narayan Datt Tiwari presented a bright picture of the State's economic health and unveiled a multi-pronged strategy for development in his maiden address to the joint session of the legislature that was marred by protests by Telangana Rashtra Samithi (TRS) legislators here on Monday.

  • Price controls and dual mindsets (editorial)

    For a reforming Economy, India is letting a lot of things occur in the marketplace that evokes for it the adjective "dysfunctional'. They serve neither social purpose nor make any economic sense, and smack mostly of arbitrary political interventionism. On a larger plane, the economic policy framework is now avowedly market-based and opposed to any form of strategic intervention. Weaving social objectives into economic policies is frowned upon. The agenda of economic reform does not include social interventions like the NAC's employment guarantee scheme and so on.

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