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 …
Decontrol of diesel prices, higher excise duty on diesel cars and use of cash transfer system to distribute subsidies directly to the beneficiaries are among the suggestions given by economists for the forthcoming budget for FY12-13. At the pre-budget meeting with the Finance Minister, Pranab Mukherjee, economists suggested the primary …
Renewable energy is a sunrise industry, offering huge potential for employment generation, besides promising energy security for a developing country like India. However, the Union Budget 2012 has failed to provide for it the much needed impetus.
It Will Also Introduce Hand Held Ticketing Machines Ahmedabad: The Ahmedabad Municipal Transport Services (AMTS) is going in for a makeover. No more a city bus service, the AMTS is being groomed to play a larger role — feeder bus service for the Bus Rapid Transit System (BRTS) and also …
In what may leave the Planning Commission red-faced, the Working Group set up by the Commission has shot down the planning body’s suggestion for a tariff regulatory authority in the inter-modal mix of transport. Expressing doubts on efficacy of the proposed regulator, the panel said there is “no rationale” in …
Farmers representatives who participated in the monthly farmers' grievances day meeting held at the Collectorate on Friday urged the State government to come out with a separate budget for agriculture. They said the government of Madhya Pradesh, Chhattisgarh and Karnataka have been presenting separate budget for farm sector since 2011. …
With cancer cases rocketing in India, the Union health ministry has prepared a Rs 15,855-crore plan for its early diagnosis and treatment over the next five years. This is the largest chunk of India’s overall budget for non-communicable diseases (Rs 58,000 crore — a 500% increase from the 11th Plan). …
The National Bank for Agriculture and Rural Development (NABARD) has announced a new refinance scheme in order to incentivise banks to accelerate the pace of creation of quality warehousing facilities for agricultural commodities, particularly for reducing post harvest losses, According to Lalitha Venkatesan, Chief General Manger of NABARD, Tamil Nadu …
A high-level committee on rail modernisation chaired by Sam Pitroda, advisor to the prime minister, has recommended that the Railways hike passenger fares one time by 25 per cent and index all fares to inflation to raise Rs 60,000 crore next year. In a presentation to the Planning Commission ahead …
NEW DELHI: Finance minister Pranab Mukherjee should give priority to measures that would boost growth and help curb fiscal deficit in the union budget for 2012-13, says industry lobby Confederation of Indian Industry (CII). "Slowing economic growth accompanied with high fiscal deficit poses a unique challenge, which has reduced the …
Budget 2012-13 is likely to make diesel cars more expensive. Unable to move to a market-linked pricing regime for diesel due to political compulsions, the government is considering the simpler way of levying additional excise duty on diesel cars. The petroleum ministry has sent a proposal to the finance ministry …
Presenting the Municipal Corporation of Delhi budget for the year 2012-13 at a special meeting of the Standing Committee on Tuesday, Chairman Yogender Chandolia announced a fund of Rs. 544 crore to be spent on local development by the councillors in the coming fiscal, besides increasing the amount allotted for …
BHUBANESWAR: Finance Minister Prafulla Chandra Ghadei on Monday started the pre-budget consultation process before finalising the State budget for 2012-13. Though experts are of the opinion that the State’s economy has improved over the years, they disapproved of the subsidy on different schemes announced by the Government. Several experts at …
PANJIM: In what could bring in a relief for mining industry in Goa, Union Mines ministry on Friday said that they are not in favour of Finance ministry’s decision to increase export duty on the low grade iron ore from the country. “Mines ministry is not favourably inclined towards increase …
The Mines Ministry has expressed reservation over Finance Ministry's decision to increase export duty on the low grade iron ore in the country, a senior official said today. "The Mines Ministry is not favourably inclined towards increase in the export duty," AK Srivastava, additional secretary, Ministry of Mines, told reporters …
SHILLONG: The State Government is targeting to complete the Detailed Project Report (DPR) for tackling the flood problem faced by localities close to the Wahumkhrah River within March. “We want the DPR to be ready by March as it will allow the State Government to approach the Centre for allocation …
The government today formally kicked off the Budget exercise for 2012-13 and met agriculture economists and farmer bodies for pre-budget consultations. Calling for reforms in the sector, farmer bodies and economists present at the meeting suggested more investment in the farm sector and improvement in the supply chain, which can …
ISLAMABAD: The government has released and utilised Rs 23.331 billion to all four provinces and Gilgit Baltistan through Ministry of Communication against the total allocation of Rs 39.900 billion, showing 41 releases of the total by end of first six months of the current fiscal year 2011-12, sources told Daily …
More than 200 farmers from across the city underwent special training in zero budget farming as part of a farming training and farmers' mela that concluded here on Sunday. The training, jointly organised by the Kerala Gandhi Smarak Nidhi and the National Bank for Agriculture and Rural Development (NABARD), had …
Central cooperative banks disbursed crop loans worth a record Rs.605 crore in the Ajmer division of Rajasthan during 2011 as part of the State Government's drive to promote agricultural production and safeguard the produce of small and marginal farmers. State Cooperative Minister Parsadilal Meena said at a divisional meeting of …
SHILLONG: The Planning Commission has approved the inter-state bus terminus (ISBT) and inter-state truck terminus (ISTT) projects of the State Government. Disclosing this here on Tuesday, Transport Minister AT Mondal said the budget of the two projects has been fixed at Rs 48.31 crore and Rs 26 crore respectively. The …
