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 …
The Odisha government presented a separate budget for agriculture and allied sectors with an outlay of Rs 7,161.84 crore for 2013-14 exceeding previous fiscal’s budgetary allocation by 27 per cent. The exclusive budget for the farm sector, unprecedented in the state's history, and second after Karnataka in the country, offers …
Presenting a please-all R60,303 crore Budget, Orissa finance minister Prasana Acharya doled out largesses to the voters keeping the assembly election, due in May 2014, in mind Pocket money for youth, free mobiles for farmers, pre-paid sim cards for fishermen, blankets to aged people are what the government has promised …
The Uttar Pradesh government unveiled the Budget for 2013-14 in the state assembly on Tuesday, estimating a total expenditure of Rs 2.21 lakh crore. Mayawati's BSP, the main opposition party, staged a walkout alleging that more than 75% of last year's Budget remained unspent. “The state will move ahead with …
Lagging progress in farmer producer firms could lead to start of credit guarantee schemes, with possible equity stake from government To boost small and marginal farmers, the Budget is likely to announce a credit guarantee fund for Farmer Producer Organisations (FPOs), with equity participation by government in such organisations. An …
The expenditure squeeze being enforced for 2012-13 and the likely freezing of the Budget size for 2013-14 could impact many welfare schemes run by the ministry of rural development (MRD) the most, although the UPA's showpiece Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) might be spared. With economic prospects …
Tenders Skipped; KRIDCL To Upgrade Roads & Sewerage Bangalore: It’s raining goodies for Bangalore city. With assembly elections round the corner and the city constituting the largest segment with 28 seats, chief minister Jagadish Shettar has quietly approved Rs 300 crore to develop and improve Bangalore’s roads and drainage. Each …
The agriculture ministry is seeking more budgetary support to increase farm sector growth rate to 4% per annum from 3.5% at present. “The allocation this year would be more as the country needs to produce more to provide food security to the nation,” an agriculture ministry official said. “The scheme …
Govt asks bankers to pitch in with Rs 1,000 crore for scheme With an eye on wooing voters for the 2014 Assembly elections, Haryana is all set to launch a housing scheme for the poor in its upcoming Budget. The scheme, which will mean an additional outlay of Rs 2,650 …
JAIPUR: Targeting a revenue of more than Rs 800 crore for the financial year 2013-14 , the Jaipur Municipal Corporation ( JMC) on Monday presented the budget with a total outlay of Rs 1,015 crore. Mayor JyotiKhandelwal read out the details amid uproar and protest in hall. In the budget, …
Lucknow: The Lucknow Municipal Corporation on Monday presented its 2013-14 budget to the 12-member executive committee. The salient features of the budget included abolition of house tax for people living in area less than 300 square feet with carpet area less than 150 square feet, however they would still be …
The C Rangarajan committee’s proposal to nearly double the domestic price of natural gas, if implemented, could adversely affect the government’s subsidy reduction plan and make the new urea investment policy “redundant”, is the thinking at the ministry of chemicals and fertilisers. The administrative ministry for the fertiliser industry, whose …
Kochi: The Greater Cochin Development Authority (GCDA) will focus on addressing transport issues in the upcoming budget. Briefing the media on pre-budget discussions in Kochi on Monday, GCDA chairman N Venugopal said that various transport projects, including the ring road and water transport projects, would be given importance in the …
Complains to ministry about co not co-operating with auditors due to differences over scope of the audit The Comptroller and Auditor General’s (CAG) audit of the controversial KG-D6 gas fields operated by Reliance Industries (RIL) has again cast a shadow on pending approvals for the block’s budget and investment plans. …
The Ministry of Environment and Forests (MoEF) has sought Rs 462 crore in its budgetary allocation for improving the forest cover in India by five million hectares over the next 10 years as part of the Green India Mission. This is a substantial increase from Rs 4 crore allocated in …
New Delhi: Buckling under party pressure, the ruling BJP in South Delhi Municipal Corporation has decided not to increase parking rates in the city. Of the three corporations, South corporation was the only corporation to propose a steep hike in parking rates. Sources say BJP, which is hoping to return …
The state government has sought Rs 3,050 crore outlay for the development of rail infrastructure in the state in the ensuing 2013-14 Railway budget. The state had received only Rs 723 crore allocation in last year’s rail budget against its demand of Rs 2,345 crore. Of the total budget allocation …
Mumbai: Several times a day, some of the busiest junctions in the suburbs are absolutely free of traffic for several seconds on end. These are the times when the green signal is yet to finish its down-count though vehicles have cleared the road. These are also the very moments when …
14th Among 100 Countries: Survey Mumbai: India enjoys a high rating when it comes to budget transparency practices. It ranks 14th among the 100 countries that were surveyed. Its open budget index score of 68 out of 100 is much higher than the average score of 43 for all countries …
Bill Will Be Reintroduced In Parliament In Budget Session, Says MoS K V Thomas Kochi: The Centre is in broad agreement with the suggestions of the parliamentary panel on food, which has just submitted its report on the much-debated food security bill, said minister of state for food and civil …
The results of a major global assessment of government budget systems and practices raise serious questions about the prospects for individual countries to overcome poverty and promote economic development and for international efforts like the Millennium Development Goals. The International Budget Partnership released the Open Budget Survey 2012, the only …
