The Union Budget's proposal to waive agricultural loans will bring some relief for farmers of the State. The farmers, who benefited from the loan wavier scheme of the previous Janata Dal (Secular)-Bharatiya Janata Party government in the State, would again benefit from the Centre's loan waiver scheme. There are 60 …
2.5 crore people likely to be affected by heart ailments due to diabetes Nearly 40,000 people lose their limbs every year due to the disease NEW DELHI: "Just the way the interests of 4 crore poor and marginal farmers have been protected by the Union Budget, Finance Minister P. Chidambaram …
PAPER The industry may not pass on the excise duty cuts on writing, printing and packing paper to consumers. The measures # The excise duty on writing, printing and packing paper has been reduced from 12 to 8 per cent. Further, full exemption from excise has been provided for paper …
SEEDS The Budget has announced a 150 per cent weighted average rebate on seed research and development. The measures # The finance minister has announced a 150 per cent weighted average rebate on research and development (R&D;) of seeds. The context # Seeds are a key input and determines crop …
The economic growth rate is likely to be 8.7 per cent in the review year 2007-08 as per the Economic Survey report presented in the Parliament. Finance Minister, P Chidambaram expressed concern over continuous rise in inflation. The expected growth rate of 8.7 per cent is as per the trend …
This Budget asks and answers some rather big questions. Begin by asking the man in the street, and he will say that he is happy with Mr Chidambaram's Budget. And so the finance minister has dared politicians to criticize the farm loan waiver, and he might as well dare others …
JOBS: Allocation for the scheme, which provides job on demand to the rural population, is Rs 16,000 crore. The National Rural Employment Guarantee Programme, the flagship programme of the UPA government, which provides job on demand to the rural population, has been extended to all the 596 rural districts in …
IRRIGATION Outlay increased to Rs 20,000 crore. In order to provide more stimulus to the agriculture sector, the government has increased the outlay for irrigation projects by over 81 per cent. The outlay has been increased to Rs 20,000 crore for 2008-09, from Rs 11,000 crore for 2007-08. The Centre's …
DEBT WAIVER The loan waiver will benefit about 30 million small and marginal farmers. In an apparent move to appease the huge rural vote bank, the government today announced the biggest-ever agricultural loan waiver package that will cost the exchequer a whopping Rs 60,000 crore. The move will benefit about …
Rs 60k-crore farm loan waiver, I-T exemption limit raised. P Chidambaram unveiled a Budget cleverly designed to win him many popularity contests. There were concessions on the income tax, reductions in customs and excise duties, and the mother of all farm loan waivers. While playing to multiple galleries, the finance …
Riding on the back of a populist Budget, Finance Minister, P. Chidambaram today reiterated UPA Government's commitment for economic uplift of the north eastern region (NER), announcing a hike of Rs 2082 crore in Central allocation. The NER will continue to receive special attention and enhanced allocations. "I propose to …
India's Congress-led government announced on Friday a 15 billion dollars loan bailout for small farmers in a populist pre-election budget targeting the party's traditional poor rural supporters. Finance minister Palaniappan Chidambaram, releasing the budget for the year starting April 1 as India's blistering economic growth has begun to slow, announced …
Finance minister P. Chidambaram today gave a brief account of the progress made under the flagship programmes such as Bharat Nirman, which were aimed at boosting development in the rural areas. In his Budget speech, Chidambaram proposed to provide Rs 31,280 crore for Bharat Nirman as against Rs 24,603 crore …
In a way, the Budget speech of the Union Finance Minister for 2008-2009 was unique. India's national animal tiger managed to find way in Chidambaram's speech when he recognised that the figure of 1411, the official number of tigers in the country, was alarming. "The number 1,411 should ring the …
The declining tiger population in the country figured in the budget proposals for 2008-09 with the government announcing a special package for the conservation of the big cats. "The tiger is under grave threat,' Union Finance Minister P. Chidambaram said, while presenting the budget estimates in Parliament on Friday. Mr. …
The two major farmers' organisations in the State, the Karnataka Rajya Raitha Sangha (KRRS) and the Karnataka Prantha Raitha Sangha (KPRS), have welcomed the loan waiver scheme for small and medium farmers announced in the Union Budget, but have made it clear that it falls far short of addressing the …
It's a significant budget in India's agricultural history because it addresses some of the key issues facing our small and marginal farmers today. So far, we had an uncoordinated and piecemeal approach to this big problem, but P Chidambaram has addressed it in a holistic manner now. For example, the …
The Economic Survey has reiterated that the government should raise output by privatising the oil fields and hence reduce dependence on imported crude oil. India, which spent $48.389 billion to import its crude oil needs in 2006-07, has already spent $48.02 billion on crude imports in the first nine months …
