The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has earned the highest-ever gross income of Rs.100.90 crore during the just concluded financial year 2007-08 as per the provisional financial results, Managing Director Rajeev Arora said here on Wednesday. He disclosed that this was a quantum jump of 76.87 per …
Noted economist Ashok Mitra said on Monday that the uneven growth taking place in the country has benefited only 10 to 15 per cent of the total population and an overwhelming majority (85 per cent) has been left out of the growth process. While the growth rate has touched the …
The Bombay High Court at Panjim on Monday directed both the Centre and the Goa government to take a final decision on scrapping Special Economic Zone (SEZs) projects in the State within next six weeks and convey it to the petitioner
The annual report of the Comptroller and Auditor General (CAG) has found gross inefficiency in the functioning of the Delhi government's various departments, including health and technical education. The report has measured the fiscal performance of the city government in terms of key fiscal parameters showing mixed trends, with revenue …
The Planning Commission on Friday allocated an annual plan size of Rs 9,600 crore for Chhattisgarh for the year 2008-09. This includes additional Central assistance of Rs50 crores for establishing and strengthening of infrastructure for collection and marketing of minor forest produce. Commenting on the performance of the state, deputy …
FOR some years now, the Budget speeches of the Finance Minister have been impressive exercises in the art of rhetoric, that is, of verbal persuasion without reference to reality. It has often been the case that the more P. Chidambaram talked about a particular issue in his speech, the less …
REAL estate major K Raheja has challenged the Goa government's decision to scrap the approved SEZ before the Bombay High Court. "We have already made it clear that our SEZ was non-polluting and as such there is no reason for the government to stop it. We have invested a lot …
Projecting an economic growth of 9 per cent for India in 2008-09, a United Nations report has said the need of the hour is to address the neglect of agriculture to bring millions out of poverty. The public policy should adopt a two-pronged approach for the purpose, taking in account …
The Cabinet Committee on Economic Affairs on Thursday gave its nod for continuation of the Social and Infrastructure Development Fund beyond 2007-08. This is to ensure that government initiatives in social and infrastructure development do not suffer for want of funds. The initiatives taken so far include upgrading 1,396 Industrial …
Focus on cost-effectiveness: Mr T. Subbarami Reddy (right), Union Minister of State for Mines, and Mr G.V. Ramakrishna, Conference Chairman, at the Infrastructure Today international conference in Hyderabad on Wednesday. Hyderabad, March 26 The National Mineral Policy (NMP), which is expected to bring in fresh investments in the mining sector, …
Haryana Finance Minister Birender Singh asserted in the Vidhan Sabha that if the rate of economic growth continues at the present level of 11.2 per cent and the 20 per cent increase in revenue receipts is also maintained, Haryana would be able to completely wipe out poverty in the next …
The Comptroller and Auditor General of India has recommended either to improve the performance or consider closure of the Madhya Pradesh Government's nine companies having poor turnover in the last five years. ''Even after completion of five or more years of existence, the turnover of nine government companies has been …
The Annual Plan outlay for Madhya Pradesh for 2008-09 was on Tuesday pegged at Rs 14,182.61 crore at a meeting between Planning Commission Deputy Chairman Montek Singh Ahluwalia and Chief Minister Shivraj Singh Chauhan. It includes a one-time additional Central assistance component of Rs.150 crore for priority projects. In his …
State government's attempt to acquire land at Nandigram for a proposed Chemical hub may have witnessed enough bloodshed forcing the chief minister to abandon land acquisition plans there, but the Assembly standing com-mittee on Commerce and Industries today claimed that the people of Nandigram are not against industrialisation provided it …
The Leader of the Opposition in the Delhi Assembly, Jagdish Mukhi, on Tuesday termed the Delhi Budget presented by Finance Minister A. K. Walia on Monday as a document of announcements alone and not a budget in the real sense. Initiating a discussion in the House on the Budget, he …
Heading for Assembly elections later this year, Delhi Finance Minister A. K. Walia on Monday presented Budget 2008-09 which he described as "development-oriented' and one showing that "through various social welfare schemes the State wants to look after the people well'. While not imposing any new taxes, the Budget lowers …
To check undue proliferation of special economic zones (SEZs), approval given to such enclaves should be cancelled if they do not start functioning within a timeframe, a key finance ministry official said. "SEZs are essentially a good thing. Because they are helping us in inflow of investments and generating employment. …
Presenting the 2008-09 budget, West Bengal Finance Minister Asim Dasgupta on Monday announced the creation of a Rs.100-crore Special Assistance Fund for people who give their land for setting up big industries. He said that employment creation was the main objective of the budget and if realised the measures would …
Fourth budget: Haryana Finance Minister Birendra Singh presenting the budget in the State Assembly in Chandigarh on Tuesday as Chief Minister Bhupinder Singh Hooda and others look on. CHANDIGARH: Haryana Finance Minister Birender Singh presented a surplus Budget for 2008-2009 in the Vidhan Sabha on Tuesday. Presenting his fourth consecutive …
Unemployment is a common global economic malady, the level of which distinctly varies between developed and underdeveloped nations with Keynesian involuntary and frictional type in respect of developed nation and structural type in regard to an under developed country like India which attributes to maximum growth of population and insignificant …
