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 …
With the Budget barely a week away, the Prime Minister's Economic Advisory Council on Monday made a case for withdrawing some of the tax incentives to the industry to put the economy back on track for fiscal consolidation. The government had cut excise duty by six percentage points to eight …
A study conducted by the Associated Chambers of Commerce and Industry of India (Assocham) pegged the population of the urban poor in the country at 225 million by 2015. Currently, 40-45 per cent of the urban poor are living in slums or squatter settlements. The remaining people live under bridges …
The Mumbai board of the Maharashtra Housing and Area Development Authority (Mhada) has, for the first time, made a budgetary provision of Rs 100 crore solely for redeveloping its colonies. The Mumbai board announced this decision while unveiling its budget on Friday. The board intends to construct 3,458 flats in …
New Delhi: The Delhi budget will be presented by finance minister AK Walia in the Delhi assembly on March 22. The cabinet led by chief minister Sheila Dikshit has recommended to Lieutenant-Governor Tejendra Khanna to summon the budget session of the Delhi assembly from March 15 to 31. The session …
Old hats, I Multi-level parking lots, community centre gyms and toilets for women find their way back into new proposals After two months of discussions, the Municipal Corporation of Delhi (MCD) on Monday presented its final budget, with proposals bearing a striking similarity with those doing the rounds for the …
The government is looking at scrapping 5% customs duty on liquified natural gas (LNG) as it seeks to help user industries like power and fertiliser producers that are facing reduced availability of natural gas due to declining gas production in the country. Removing the import duty on LNG would help …
LUCKNOW: The Uttar Pradesh government in the budget tabled in the assembly on Tuesday promised to spend over Rs 4,400 crore on agriculture and allied activities this year with a target to produce 538.25 lakh metric tonne food grains and 14.56 lakh metric tonne oil seeds. The government has also …
LUCKNOW: The state budget 2011-12 needs be analysed in the backdrop of 12th Finance Commission's targets on six indicators, which all states are required to achieve. These indicators include Fiscal Deficit to be brought down to 3% of GSDP; Revenue deficit to be eliminated; Own tax revenues higher than 6% …
Giving monuments and memorials a miss this year, the state government presented a tax-free, but deficit budget on Tuesday promising development of all sections of the society. Finance Minister Lalji Verma, who presented state budget in Vidhan Sabha, called it a financial document aimed at
Kisan Credit Card Lending May Be Increased By 30%; 2% Interest Subsidy On Timely Loan Repayment May Stay. THE budget for the next fiscal is likely to step up the target for farm credit to . 4,50,000 crore, up 20% from the current year
A Budget that works for agriculture would be one that enhances investment in farms, spurs market intermediaries to improve their services, and brings about price stability. It should nudge policies towards more integrated markets. For the first time in many years, the setting for the forthcoming Union Budget is one …
Finance Minister Pranab Mukherjee can take credit for ending 2010-11 with a fiscal deficit significantly lower than 5.5 per cent of GDP that his team estimated in the beginning of the year. A higher-than-expected GDP growth rate of 8.6 per cent will give him enough headroom to close the year …
NEW DELHI: The Adivasi Adhikar Rashtriya Manch (AARM) has urged Union Finance Minister Pranab Mukherjee to ensure that the allocation for the Tribal Sub Plan in this year's budget is increased to 8.4 per cent in keeping with the strength of the tribals in the country. It stressed that the …
The civic budget for the coming year makes tall promises to complete the ongoing projects, but the reality is different. The Brihanmumbai Municipal Corporation (BMC) has allotted Rs1,514.7 crore for the storm water drains to make the city immune to monsoon
