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 in which India became the most populated country in the planet and assumed G20 presidency. The Budget served as …
He said over 29,000 MW of power generation capacity has been added in the current financial year alone The government today said the country's installed power generation capacity has more than doubled to 2,34,600 MW in the past 10 years. "India's power generation capacity 10 years ago (2004) was 1,12,700 …
Both firms to pass on benefit of excise cut in Interim Budget to consumer Auto makers Tata Motors and General Motors India today announced they will cut prices of their products after Finance Minister P Chidambaram decided to reduce excise on automobiles in the interim Budget 2014-15. "We will definitely …
Investment of over Rs 35000 cr may be put on hold by industry Finance minister P Chidambaram's move to retain 5 per cent duty on export of pellets has deeply disappointed the iron ore mining industry. The industry, which was expecting duty withdrawal in the interim budget 2014-15, said the …
Dr. Chandan Chowdhury, Managing DIrector, India- Dassault Systemes “Our manufacturing sector has been facing many challenges and its growth has been stagnant. It is heartening to see the emphasis this vote on account puts on the criticality of manufacturing for the Indian economy. If the manufacturing sector has to contribute …
Interim Budget 2014-2015 - Speech of P. Chidambaram. In the speect he stated that "The Global Risks 2014 report has mapped 31 global risks. Of highest concern are ten risks that include fiscal crisis, structurally high unemployment or underemployment, income disparity, governance failure, food crisis, and political and social instability. …
The Budget documents presented to Parliament comprise, besides the Finance Minister’s Budget Speech, the following: Annual Financial Statement (AFS); Demands for Grants (DG); Appropriation Bill; Finance Bill; Memorandum Explaining the Provisions in the Finance Bill, 2014; Macro-economic framework for the relevant financial year; Fiscal Policy Strategy Statement for the financial …
However, there is no announcement to boost export of engineering goods Industries in Coimbatore District have welcomed the budget announcements of the State Government on Thursday regarding development of green energy corridors in the State and assisting industrial clusters in infrastructure development. Southern India Mills’ Association chairman T. Rajkumar has …
Proposing no fresh taxes in a populist budget for 2014-15, Jammu and Kashmir Finance Minister Abdul Rahim Rather on Thursday declared the State’s agriculture and horticulture sectors fully tax-free for the next financial year. “Most of the agriculture and horticulture related items were already tax-free. Yet we used to charge …
With eye on elections, no fresh taxes proposed; budgetary expenditure Rs 43,543 cr Finance Minister Abdul Rahim Rather today presented the sixth consecutive zero deficit Budget of the National Conference-Congress coalition government. The Rs 43,543-crore Budget presented by the Finance Minister on Thursday was the last Budget of the present …
Revenue surplus is estimated at Rs 281 crore. Fiscal deficit is expected to be Rs 20,041 crore-- 2.92 per cent GSDP Apparently Lok Sabha elections weighing on his mind, Karnataka Chief Minister Siddaramaiah today spared the common man of additional tax burden in budget 2014-15. Presenting his ninth budget in …
The weekly digest of important reports, research, policy documents, regulations, studies, court cases, protests,conflicts, initiatives, photos, data, statistics, infographics, presentations on the India Environment Portal, 14 - 21 Feburary 2014.
Keeping passenger fares and freight rates unchanged, railway minister Mallikarjuna Kharge announced the government’s intention to open the rail sector for foreign and domestic investment in his 1014-15 interim budget speech on Wednesday. Mr Kharge also announced 17 new premium trains on the “dynamic fares model”, like airlines, to improve …
The Ministry of Finance has issued an Economic and Functional Classification of the Central Government Budget 2013-14. Since 1957-58, the Economic Division of the Ministry of Finance has been preparing an economic classification of the Central Government budgetary transactions to make the budget a more useful tool of economic analysis. …
Cabinet clears scheme for climate change studies The Union Cabinet has cleared a climate change action programme which will pump funds and resources into strategic and scientific research, besides giving the States funds. The clearance came with Minister for Environment and Forests M. Veerappa Moily going along with the views …
Advocate General Ravivarma Kumar submitted to the High Court on Monday that a provision would be made in the next budget to create a ‘relief fund’ for the victims affected by pesticide endosulfan. During the hearing of a suo motu PIL on the plight of people suffering from the ill …
The government will launch its first wind energy mission this year to give a boost to the renewable source and putting it in the same league as the high-profile solar mission. The ‘National Wind Energy Mission (NWEM), which would be launched around the middle of the year, would give incentives …
The year ahead is critical from the point of view on environment and development. Click on this interactive for the top 14 developments you need to keep track of in 2014.
The National Planning Commission and Ministry of Federal Affairs and Local Development have been jointly felicitated with the ‘South-South Triangular Cooperation Leadership Award 2013’. Global South-South Development Expo, a UN system-wide global high profile event that took place in Nairobi, Kenya, from October 28 to November 1, presented award to …
The Wayamba Provincial Agriculture Ministry has been allocated Rs.68.98 million for paddy cultivation and Rs.41.98 million to uplift the fisheries industry from the 2014 budget. The Provincial Agriculture Ministry will grow Suwandel, Pachchaperumal , white Heenati, Rathhel and Kuruluthuda to popularise these traditional paddy varieties. The ministry has made arrangements …
An internal analysis in the Planning Commission shows that India can eliminate the poverty gap by spending just a fraction of its annual anti-poverty budget instead of inaugurating new anti-poverty schemes. The cost of pushing all households above the poverty line would have been Rs. 55,744 crore during 2011-12 if …
