Budget

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. Signicantly, 2023 is also the year in which India became the most populated country in the planet and assumed G20 presidency. The Budget served as …

Muhith proposes to allocate Tk 11,540.40cr for power, energy and mineral resources

Proposing to allocate Tk 11,540.40 crore for power, energy and mineral resources ministry, finance minister AMA Muhith on Thursday told the House that electricity will reach every household within the next five years with the implementation of medium and long term plans. Of the Tk 11,540.40 crore, the finance minister …

CSR spending limit raised to Tk 12cr

Finance minister AMA Muhith on Thursday proposed to raise the expenditure limit of companies’ corporate social responsibly to Tk 12 crore from the existing Tk 8 crore. He, however, unchanged the existing condition of allowable CSR limit at 20 per cent of total income of any company. The government is …

Slight increase in allocation for agri sector

The government proposed an allocation of Tk 12, 390 crore for the agriculture sector in the national budget for 2014-15 fiscal announced on Thursday. The amount of subsidy given to the key sector in the last fiscal has, however, remained unchanged, according to the proposed national budget for the new …

Tk 911cr proposed for environment, forest

The government has allocated Taka 911 crore for the Ministry of Environment and Forest in the proposed budget for the fiscal year (FY) 2014-2015. The allocation is Taka 33 crore higher than the revised budget of the previous FY 2013-14, which was Taka 878 crore. Announcing the budget proposals, at …

Tk 11,146 cr proposed for health sector in budget

Finance Minister AMA Muhith on Thursday proposed an allocation of Tk 11,146 crore for the health sector in the national budget for 2014-15 fiscal year. “We have established 12,577 community clinics, five medical colleges, 12 nursing institutes, five institutes of health technology and 149 union health and family welfare centres …

Nat’l budget : Power & energy sector may get Tk 10,500 cr

DHAKA : The power and energy sector may receive a development allocation of about Tk 10,500 crore in the national budget for 2014-15 to be unveiled by Finance Minister AMA Muhith in parliament on Thursday, reports UNB. Of the allocation, according to official sources, the power sector will dominate by …

National Budget for FY15, Tk 14,200cr subsidy sought for power sector

The Ministry of Power, Energy and Mineral Resources has sought Tk 14,200 crore budgetary allocations as subsidy for the coming fiscal 2014-15 to purchase petroleum fuels for costly rental power plants, officials concerned said. The subsidy sought for the fiscal 2014-15 is Tk 2,600 crore higher than the allocated amount …

Tourism projects worth Rs 150 crore lined up in Odisha

The state government has received 68 proposals for tourism infrastructure development till date Post finalization of Odisha Tourism policy last year, the state government has received 68 proposals for tourism infrastructure development till date. "The task force on tourism has received about 68 proposals envisaging combined investment of Rs 100 …

Balochistan govt urged to increase funds for children

Thursday, May 29, 2014 - Quetta—Abdul Sattar, Coordinator Child Rights Movement Balochistan, on Wednesday urged the provincial government to increase budgetary allocations for children in the budget for 2014-15. Addressing a press conference here at Quetta Press Club, he said the Balochistan government should allocate resources for improving the child …

Carbon budgets for tropical forests needed’

An international workshop on “Tree volume and biomass allometric equations in South Asia”, which began at the Kerala Forest Research Institute here on Monday, called for accurate carbon budgets for the tropical forest systems of South Asia. Carbon budget is an amount of carbon dioxide that a country, company or …

APCC okays Rs1.31tr development budget

The Annual Plan Coordination Committee (APCC) on Monday approved Rs 1.31 trillion national development budget for the next financial year 2014-15, which is 13.42 percent higher than the original budget of the outgoing fiscal year 2013-14. The APCC, which met under the chair of Minister for Planning, Development and Reforms, …

Introduce ‘agri safety fund, crop insurance in next budget’

Farmers and agriculture-sector analysts stressed the need for more pragmatic approach and wider policy support in the upcoming national budget to boost the country’s agriculture sector. They recommended for introducing ‘agriculture safety fund’ and ‘crop insurance’ in the next fiscal to help increase agricultural output. They also suggested forming a …

Budget: slower start to Direct Action climate change plan than expected

The centrepiece of Tony Abbott’s Direct Action plan to tackle climate change will go ahead more slowly than anticipated, alongside the abolition of the carbon tax and the purchase of a new icebreaker ship. The emissions reduction fund, which will work with businesses and households to cut carbon emissions, will …

Axing of renewable energy agency would add to broken promises, clean energy industry

The planned axing of the primary agency supporting clean energy in Australia by the Abbott government would break pre-election commitments and send investment in emerging technologies off-shore, an industry group says. Fairfax Media is among outlets reporting on Monday that the federal government will axe the Australian Renewable Energy Agency …

Assembly to go green with SMS service

The Meghalaya Legislative Assembly is all set to join the ‘go green’ bandwagon with the launch of a hi-tech SMS service for the State legislators, effectively reducing the customary practice of ‘paper works’ in the Assembly. Speaker of the Legislative Assembly, AT Mondal, on Sunday said the newly- launched SMS …

Over 59 % of Berhampur residents do not use toilets

Around 59.5 per cent of the population of Berhampur is compelled to opt for open air defecation, which has become a major health hazard. Members of ‘Children’s Federation’, an organisation of children living in slums of the city, demanded that the Berhampur Municipal Corporation (BMC) and administration should initiate measures …

International Monetary Fund bullish on India's growth story

Sounding bullish about India, International Monetary Fund (IMF) expects country's economic growth to move up to 5.5 per cent in the current fiscal and 6.25 per cent in the next fiscal. "Our sense is that the growth will pick up this year-5.5 per cent this year going up to 6.25 …

Ban on ‘gutka’ goes up in smoke

The ban on sale of "gutka" goes up in smoke in the city with shopkeepers selling it after displaying the packets in front of their shops and the authorities remaining a mute spectator. Even after the ban, the shopkeepers are seen selling "gutka" in the city, but at higher prices …

Farmers urge political parties to promise a say in policy matters

CIFA calls for 40 per cent grant to promote nature farming As the Lok Sabha elections are round the corner, the Consortium of Indian Farmers’ Associations (CIFA) has urged the political parties to give a promise to the farming community to the effect that they would get a say in …

Water subsidy nears end, jal board refers it to LG

New Delhi: The water subsidy promised by the Aam Aadmi Party is most likely to come to an end on March 31, 2014. At the budget meeting of Delhi Jal Board, the matter came up for discussion and the members decided to refer the matter to lieutenant governor Najeeb Jung …

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