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 …
PUNE: The much-delayed Pune metro rail project got a funding of Rs 10.01 crore in the Union Budget on Thursday. The Pune and Pimpri-Chinchwad municipal corporations, that have proposed the project in association with the Delhi Metro Rail Corporation, have already made provisions in their respective budgets for the year …
Finance minister P Chidambaram batted for sustainable development repeatedly in his speech, marking the arrival of the phrase in mainstream political and economic lexicon. But he backed it up with only loose change for environment and green technologies sector, though he offered some new provisions for urban environment and new …
Education was given short shrift in the Budget with barely 17% increase in allocation that is likely to leave flagship programmes like Sarva Shiksha Abhiyan (SSA) and mid-day meal scheme bereft of the necessary impetus. Allocation for SSA increased by 17%, while Rashtriya Madhyamik Shiksha Abhiyan (RMSA) — targeted at …
Public transport in cities would get a boost as 10,000 new buses would hit roads during 2013-14. Finance minister P Chidambaram said that a significant portion of the central fund under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) would be used for buying these buses, especially in hill states. …
Scrips of RIL, ONGC down The Finance Minister's announcement for the oil and gas companies did not cheer key players in the industry. Industry players gave a thumbs down to FM's proposal to review the oil and gas exploration policy and move from profit sharing to revenue sharing contracts. "The …
Finance Minister P. Chidambaram on Thursday announced a sharp increase of Rs 1.25 lakh crore in agriculture credit target to Rs 7 lakh crore for next fiscal and allocated additional Rs 10,000 crore in subsidy for implementing the Food Security Bill. He also allocated 22 per cent more funds to …
The Budget documents presented to Parliament comprise, besides the Finance Minister's Budget Speech, of the following: Annual Financial Statement (AFS); Demand for Grants (DG); Appropriation Bill; Finance Bill; Memorandum Explaining the Provisions in the Finance Bill, 2013; Macro-economic framework for the relevant financial year; Fiscal Policy Strategy Statement for the …
Budget 2013-2014: speech of P. Chidambaram, Minister of Finance. Read Finance Minister P Chidambaram's budget speech February 28, 2013 Madam Speaker, I rise to present the Budget for the year 2013-14. 2. I recall my last tenure as Finance Minister and acknowledge with gratitude the splendid support that I received …
To get around the shortage of domestic coal, Budget 2013-14 is expected to announce a far reaching change to make private sector produce more of the mineral. Companies with coal blocks will be allowed to sell their surplus coal under a public-private-partnership model in the markets instead of selling only …
From scapping use of plastic in catering items to harnessing solar power, the railway budget has looked at achieving energy efficiency and reducing its carbon footprint. The railways will switch to agro-based and recycled material for catering services. The transporter also plans to set up an energy management company to …
The coal ministry feels that the railway ministry has taken a view of expediting the process of laying tracks to connect coal mines since it has been for the first time that a railway minister has mentioned such a project in his budget speech. Plans for coal mine connectivity projects …
Exports of iron ore are likely to fall further during the next financial year (2013-14) and touch a record low, as Railway Minister Pawan Kumar Bansal ignored the demand for a level field in the freight rates charged on movement of iron ore for domestic use and exports. There is …
Survey says economy to revive from difficult times this year A year after India's economic growth is headed to a record ten-year low growth of 5% in 2012-13, economic advisers in the Finance Ministry expect the economy to recover to 6.1 - 6.7% in 2013-14. The Economic Survey, 2012-13, presented …
However, there is a hike in the additional charges that are levied The Railway Budget for 2013-14 today spared passengers from any further hike in fares but raised various other charges on tickets along with freight tariff of less than 5%. Presenting the Budget in the Lok Sabha, Railway Minister …
Madam Speaker, I rise to present before this august House the Revised Estimates for 2012-13 and a statement of estimated receipts and expenditure for 2013-14. I do so with mixed feelings crossing my mind. While I have a feeling of a colossus today, it is only ephemeral and is instantaneously …
The ruling Bharatiya Janata Party in Gujarat had promised in its 2012 election manifesto that it will build 50 lakh low-cost houses at a cost of Rs.33,000 crore during the next five years, but the very first Budget of the newly-elected Narendra Modi Government has found just about Rs.4,000 crore …
NEW DELHI: The oil and gas industry is hopeful that the budget may treat natural gas on a par with crude oil for tax exemption, which could revive investors' interest in future auction of oil blocks, but it does not see any strong commitment from the government on this matter. …
The Gujarat government on Wednesday announced its annual budget for 2013-14, pegged at R1,14,450 crore with an annual development plan of R58,500 crore. The farmer-youth-women centric budget presented by finance minister Nitin Patel has allocated the largest chunk of available resources to social service (R24,586 crore), followed by irrigation and …
Lucknow: With a total of Rs 17,174 crore allocated for agriculture and allied sectors, UP budget-2013 is all set to shower some bounty on Uttar Pradesh’s farm sector. Last year, when chief minister Akhilesh Yadav presented the state budget, he made provisions for farmer loan waivers worth Rs 500 crore. …
Kerala Cabinet granted Rs. 25 crore additionally to the State Road Transport Corporation (KSRTC) on Wednesday to tide over its financial problems. With this the total grants to the KSRTC during this financial year rose to Rs. 100 crore, in addition to the original Budget provisions. The Cabinet authorised Chief …
