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 …
Unable to get an exemption for the cooking gas cylinders used for the Mid-Day Meal Scheme in the wake of a steep hike in the prices of domestic gas, Union Human Resource Minister Kapil Sibal has suggested that the Petroleum Ministry consider providing subsidised LPG cylinders for the current fiscal …
With growth weakening in many parts of the world and downside risks on the rise, fiscal consolidation remains challenging. However, considerable progress has been made in strengthening fiscal accounts following their sharp deterioration in 2008–09. This issue of the Fiscal Monitor takes stock of this progress, focusing on its size, …
The Chinese government allocated 46.2 billion yuan ($7.22 billion) from its central budget to the return-farmland-to-forests plan during 2008-11, according to the National Development and Reform Commission, or NDRC. As of the end of 2006, around 9.3 million hectares of farmland had been converted to forests since the government launched …
The Kerala State Electricity Board (KSEB) on Thursday filed a petition before the Kerala State Electricity Regulatory Commission (KSERC) virtually seeking a second tariff revision within a matter of two months. Only in July the commission had issued a tariff order permitting the KSEB to increase the tariffs across the …
Rural development ministry, state representatives to review labour budgets next month Drought-hit states will get more money to meet increased demand for jobs from affected farmers under the Mahatma Gandhi National Rural Employment Generation Act (MGNREGA). Rural development ministry officials will meet state government representatives next month to review labour …
The People's Movement of India will launch a nation-wide awareness campaign and take out a yatra from Coimbatore to New Delhi to urge the Central Government to promote the use of ethanol as an alternative automotive fuel. The campaign will be launched on September 21 and the yatra will commence …
It is ‘misleading’ IMD categorised some districts as normal: Pawar The Union government on Wednesday announced relief measures for the drought-hit areas, including an increase in the number of assured workdays under the Mahatma Gandhi Rural Employment Guarantee Act (MGNREGA) to 150 from 100 days and reduction in the interest …
The general body of Brihanmumbai Municipal Corporation (BMC) on Saturday approved the budget of Rs26,581 crore for the on-going fiscal amidst protests from opposition parties. The budget was approved by the ruling coalition without much change to the financial plan presented by former civic chief Subodh Kumar in March this …
West Bengal and Assam have failed to avail funds under Bringing Green Revolution to the Eastern India (BGREI) for FY13. In the Union Budget 2012-13, the Centre has allotted Rs 1,000 crore for seven states in the eastern region under the BGREI scheme. While West Bengal has failed to send …
The recent heavy rain has gifted a fresh lease of life to Pushkar lake, which has both the locals and the tourists spellbound. For the first time in many years, the lake is filled with water, which is also flowing to the surrounding ghats. Presently, the water level in the …
New Delhi The Vijay Kelkar committee has outlined a programme for the Centre to keep its budget deficit in check for the next three years, leaving the 14th Finance Commission (2015-2020) to decide on the action required in subsequent years. The committee set up by the finance minister P Chidambaram …
The Union Urban Development Ministry wants cities to do more than just express intent to have a metro railway system. The Ministry is annoyed that cities have been limiting their role to submitting a detailed project report and attaching an application for the Centre to approve and fund their metro …
It is not mandatory for the corporate sector to spend 2% of the companies' profit on CSR activities, says Moily The government today said it has not conducted any assessment to ascertain compliance on part of companies to various corporate social responsibility (CSR) guidelines. Apart from certain guidelines for the …
CLIMATE Change Minister Greg Combet has hit back over claims that this week's carbon price policy reversal would blow a hole in the federal budget, saying any impact would likely be dwarfed by fluctuations in exchange rates and other variables. The government announced on Tuesday it was scrapping a $15 …
JAIPUR: The European Union is all set to extend the 80m euro (Rs 558 cr) support for Rajasthan's water sector projects by another two years. European Union ambassador to India Joao Cravinho was in Jaipur on Tuesday and his visit incidentally coincided with World Water Week (August 26 - 31). …
The new climate regime will lead to commitments only for developing countries, because the United States, which did not ratify the legally binding commitments under the Kyoto Protocol, continues to insist on a framework with nationally determined emissions reductions monitored at the global level. The unresolved issue is multilateral agreement, …
Delhi is set to become the first kerosene-free city in the country with the city government all geared up to launch an ambitious scheme on Tuesday under which 3.56 lakh households will get LPG cylinder and a gas stove free of cost. Chief minister Sheila Dikshit had announced the scheme …
AHMEDABAD: Food subsidies have grown by more than 300 per cent in a period of six years between 2006-07 and 2011-12, says a study by the Indian Institute of Management, Ahmedabad (IIM-A). According to the study, food subsidies increased from Rs 2,850 crore in 1991-92 to about Rs 72,823 crore …
The Cabinet approved guidelines Friday for drafting the fiscal 2013 budget, emphasizing financing for an economic growth strategy and the development of renewable energy resources. The guidelines also stress that the government will maintain fiscal discipline, maintaining the current fiscal year's ¥71 trillion cap on major policy spending and ¥44 …
Government will incur an expenditure of Rs.150 crore The Delhi Cabinet on Monday approved implementation of “Dilli Annashree Yojana”, which was announced in the State Budget 2012-13 and seeks to provide food security to two lakh vulnerable households not covered under the Below Poverty Line and Antodaya Anna Yojana schemes …
