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 State Budget for 2013-14 may cross Rs 60,000 crore, about Rs 8,000 crore more than Rs 52,030.70 crore outlay proposed for 2012-13. Odisha’s Gross State Domestic Product (GSDP) for the next fiscal has been pegged at Rs 2.9 lakh crore, which is 11.53 per cent higher than the current …
Hit by slackening demand amid economic slowdown and high interest rates, the real estate sector has asked for infrastructure status for the housing sector in the Budget for 2013-14, which would help it avail of tax benefits and easier flow of credit. The housing ministry has said at least low-cost …
With hills and mountains dotting the landscape of North Eastern region, the Centre plans to promote the region as an ‘adventure tourism’ destination to increase the flow of tourists, particularly foreign tourists, said Union minister of state for tourism K Chiranjeevi. “We know not all the roads are in good …
BIRATNAGAR, JAN 18 - Agriculture extension programmes in the Eastern Nepal have been in limbo for want of adequate resources. Although the government promised doubling investment in agriculture, absence of a full budget restricted the government from spending more than what was spent in the last fiscal year. “Compared to …
Even while Opposition BJP and key UPA allies - the BSP and the DMK - went ballistic against the government’s decision on diesel price hike, the attempt to gradually bring down the differential between diesel and petrol seems to have earned it a few brownie points from environmentalists. Terming it …
The Rajkot Municipal Corporation (RMC) is likely to make provision of Rs 10 crore for the creating amenities and infrastructure development at Rajkot Zoological Park in the up coming budget. According to RMC sources, RMC will create 11 more open enclosures to accommodate more wild species at Zoo in the …
PUNE: The Pune Municipal Corporation has allocated Rs 15.5 crore for metro, monorail and high capacity mass transit route (HCMTR) projects in the draft budget for 2013-2014. Municipal commissioner Mahesh Pathak tabled the budget before the standing committee on Tuesday. Two proposals of the metro project, Vanaj to Ramwadi and …
On December 31, 2012, the Indian economy completed its worst year in a decade, with economic growth stagnant at around 5.5 per cent, and inflation stubbornly high at over 7 per cent. Ideally, the Government would have liked to see those figures the other way around-over 7 per cent growth …
In a rather unusual move, Railway Minister P.K. Bansal on Wednesday announced an across-the-board hike in passenger fares less than two months before presenting the Railway budget. The hike comes into effect from January 21. As a consolation, however, Mr. Bansal said there would be no further fare hike in …
Burdened with the task of containing fiscal deficit, the finance ministry has rejected the oil ministry's proposal to reduce the crude oil cess that could have given much-needed relief to upstream oil companies such as ONGC, OIL and Cairn. The oil ministry had proposed to reduce the cess from R4,500 …
Karnataka, which has been desperately waiting for release of funds from the Centre under drought relief for 2012, stands the risk of not receiving any grants at all. This is the fear harboured by the Revenue Department (Disaster Management), which has sought Rs 11,146 crore from the Centre under the …
In a move that could be perceived as reneging on its election manifesto, two BJP-ruled civic agencies may increase parking charges in the city. In the manifesto, the party had promised that it would not impose additional taxes on residents, but the corporations may increase parking charges in their budget. …
New Delhi: Soon, Delhiites will have to pay more for parking in public places. The BJPled municipal corporations plan to double the parking rates — from Rs 10 for the entire day to Rs 20 for three hours. The move comes despite BJP promising in its 2012 municipal election manifesto …
KATHMANDU: A budget crunch is likely to hit irrigation projects as the caretaker government has failed to bring a full budget and has only brought an interim public expenditure arrangement twice for regular salaries, continuation of projects of national pride, and to mobilise revenue. “There might be a shortfall of …
Finance Minister P Chidambaram on Wednesday kicked off the customary pre-Budget consultations. In a meeting with the finance minister, agriculturalists shared concerns on the government’s widening fiscal deficit. They also suggested direct cash transfer of fertiliser and food subsidies, which they claimed would save the government Rs 70,000-85,000 crore directly. …
Protesting against the Centre’s proposal to extend the cash transfer scheme to the Public Distribution System, the Right to Food Campaign on Saturday demanded that the government bring in a comprehensive national food security Act that provides for universal PDS. Ensuring nutrition through various measures should be the focus of …
New Delhi: Fund-intensive rural development schemes may be evaluated during their implementation to identify failings in structure and execution, and enable the government to insert mid-course correctives. The philosophy of ‘concurrent evaluation’ may come to fruition if the rural development ministry’s proposal for an autonomous body called ‘concurrent evaluation office’ …
KATHMANDU: Prime Minister Dr Baburam Bhattarai has said that his government will double budget for agriculture in the fiscal policy. The government will double the budget to ensure food safety and promote commercialisation of agriculture, he said addressing a programme organised to mark 32nd World Food Day yesterday. “Food security …
Rural development minister Jairam Ramesh’s plan to make welfare schemes more effective through real-time evaluation of the . 76,000-crore rural development budget has received broad inter-ministerial support and is expected to be considered by the Cabinet shortly. Leakages, delays and uneven implementation beset welfare schemes like NREGA, blunting benefits to …
The postponement conveyed by Petroleum Ministry to CAG on October 29 Only days after the change of guard in the Petroleum and Natural Gas Ministry, the “Entry Conference” by the Comptroller and Auditor General (CAG) with the Petroleum Ministry officials and representatives of Mukesh Ambani-owned Reliance Industries Limited (RIL) to …
