Budget

Budgeting for agriculture and food

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. Signicantly, 2023 is also the year in which India became the most populated country in the planet and assumed G20 presidency. The Budget served as …

JNNURM, farmers’ loan waiver schemes under CAG scanner

Oppn May Use Issues As Ammo To Target Govt In Budget Session New Delhi: The Comptroller and Auditor General (CAG) is giving final touches to two reports where it has pointed out anomalies in allocation of funds under the centrally-run JNNURM scheme and UPA government’s debt waiver to farmers in …

Meghalaya to achieve 11% growth rate: CM

SHILLONG: Meghalaya Government carried out the second round of pre-budget consultations on resource allocations, even as the Chief Minster Mukul Sangma emphasized on the targeted 11 per cent growth rate by the end of the next five year plan. During the consultation sessions held at the committee room of the …

Andhra tables mega Rs 1.45 lakh cr budget

Andhra Pradesh's annual budget for 2012-13 with an outlay of Rs 1,45,854 crore was presented in the State Assembly on Friday showing a fiscal deficit of about Rs 20,000 crore at 2.5 per cent of GSDP. The budget includes Rs 91,824 crore non-Plan and Rs 54,030 crore Plan expenditure, considerably …

PM against subsidies that result in disproportionate use of resources

New Delhi Prime Minister Manmohan Singh on Wednesday called for a review of subsidies that lead to “disproportionate use of resources” and degradation of soil, and stressed the need for boosting productivity to feed a growing population. “Distortions arising from pricing and subsidy regimes, which have resulted in degradation and …

Act to monitor NREGS funds

With several controversies emerging that the funds released for the Mahatama Gandhi National Rural Employment Guarantee Scheme (MGNREGS) being utilised for other purposes by many state governments, the Haryana government has on Sunday made MGNREGS Fund Act to check the proper and dedicated utilisation of the funds. As per the …

Mining Policy likely during Budget session

SHILLONG: The long-delayed State Mining Policy is likely to see the light of the day with the State Government asserting that the Policy would be tabled in the Assembly during the upcoming Budget session which is scheduled to start from March 9. “We are planning to table the Mining Policy …

Meghalaya pre-budget session criticised

Shillong, Feb. 12: Chief minister Mukul Sangma’s plan to have a pre-budget exercise, starting from Tura on Tuesday, has come under the scanner with the Opposition NCP alleging that the government has cut short the duration of the forthcoming budget session. Opposition leader from NCP Conrad Sangma today said the …

Rs 110-cr budget provision for watershed, soil enrichment in Karnataka

The Karnataka Government has made budget provision of Rs 110 crore for watershed and soil enrichment (‘BhooChetana') project, for the year 2012-13, which is being implemented in collaboration with the International Crops Research Institute for Semi Arid Tropics (Icrisat). Mr Suhas P. Wani, Programme Director - Resilient dry land Systems, …

Pranab, Pawar express doubts about Food Bill

Even as the government is pushing through Congress president Sonia Gandhi’s pet project - the National Food Security Bill - two key members of the Cabinet - Finance Minister Pranab Mukherjee and Agriculture Minister Sharad Pawar - today voiced their concern over crucial aspects related to the proposed law that …

MCD announces budget estimates

The Municipal Corporation of Delhi on Wednesday announced budget estimates for the year 2012-13, significantly increasing the councillors' funds in all the wards and focusing on improvement and development of roads and existing infrastructure. With the MCD headed for a split this coming April, Leader of the House Subhash Arya …

UK wants sustained cuts to solar panel tariffs

The government on Thursday recommended slashing subsidies for solar panels on homes from July 1 after a boom in installations last year nearly exhausted its support budget. The move paves the way for a gradual and sustained lowering of the tariff that aims to control spiralling costs and restore faith …

Centre to discuss Food Security Bill with states

New Delhi Officials of the food, agriculture and finance ministries will meet the state and central ministers concerned in a bid to thrash out objections raised by the states over the proposed Food Security Bill. The two-day conference that begins on Wednesday will also take up the creation of additional …

Budget plans for development of State agricultural resources

State BJP chief spokesperson Vijesh Lunawat said that the State budget preparations are an ambitious attempt for the development of the agricultural resources which will create a new attraction amongst the farmers. The format of the State budget expresses the concerns regarding the provision of water at dry land, provide …

States to Have More Say in Use of Rural Development Funds

Ramesh for granting states discretion over 50% of funds for central schemes. The upcoming budget is likely to give state governments discretionary powers over about 50% of funds under central government schemes, a move that will allow better utilisation of resources. “The current way of functioning is not ideal...State governments …

Cabinet clears annual budget of '80,000 cr

The State cabinet, on Monday evening, approved annual budget to the tune of Rs 80,000 crore with a focus on social sectors'programmes, schemes and major allocation of funds to on going schemes. The annual budget reflects the state governments preparation for the next assembly election - two years away at …

Food subsidy bill may not go up much: Thomas

New Delhi The 2012-13 Budget may not have to provide as big a jump in the food subsidy bill as expected earlier. This is because of a series of measures initiated by the government to cut wastage and improve efficiency, food minister KV Thomas has said. The measures that would …

State way short of meeting national rural job target

In the last five years, only 60% of MGNREGA work completed y Authorities fail to utilise funds allotted under the scheme. The state government has asked the Centre to increase the wages of the labourers engaged under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme, but the authorities in …

Farm ministry seeks more Budget

New Delhi The agriculture ministry is seeking higher budgetary allocation to ramp up the focus on farm mechanisation and sustainable agricultural schemes in the next financial year, as the country plans to implement an ambitious food security law that would put pressure on the farm sector to scale up productivity …

BJP to raise allegation on solar power projects in the assembly

Taking note of a report prepared by Delhi-based Centre for Science and Environment (CSE), which alleged irregularities in the implementation of National Solar Mission, the BJP has decided to raise the issue in the forthcoming budget session of the assembly. The BJP on Thursday demanded that the state government provide …

Rajasthan drops controversial land conversion rule

Convention centre at Sitapur; silica mining lease for Saint Gobain The Rajasthan Cabinet on Wednesday decided to do away with the controversial provision 90 B from the land conversion rules and also carry out necessary amendments to 90 A to make it simple and transparent. A Cabinet meeting presided over …

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