Though time and again the Chief Minister Tarun Gogoi promised steps to help revival of the tea industry, the incentives offered in this year's Budget have fallen far short of the expectations of the industry and tea sources said that the incentives are far less than those offered by other …
Q. We need to create true fiscal and monetary federalism in this country. Do you have any ideas in this direction? Chidambaram: There are one thousand schemes and programmes which are funded by the Centre. It has come as a big revelation. We are now putting in place a Central …
Pandit Jawahar Lal Nehru, in his famous speech at Avadi near Chennai in 1955, spelt out the conditions for inclusive growth. He asked and I ask the same question
Chief Minister Bhupinder Singh Hooda today said Haryana had acquired the number one position in the country with per capita investment of Rs 78,709, as per a survey conducted recently by the Centre for Monitoring Indian Economy. This leap to the top is from 14th position some years ago. Addressing …
While replying to a question in the Budget session of Assam Assembly on March 24, Chief Minister Tarun Gogoi acknowledged that the per capita burden of the State's public debt now comes to Rs 6,806 at current prices. It means that the loan burden for a family on an average …
There is an indifferent attitude, almost of a colonial type, in the mainland of India towards NE. This needs to be changed through an arrangement so as to remove the feeling of alienation that afflicts the psyche of the NE people and thus to save the integrity of the country. …
QUESTIONING the UPA government's commitment to farmers and the revival of the agricultural sector, the BJP said that the Rs 60,000 crore loan waiver was a
AN INCREASE in the cost of funds for borrowers appears imminent with finance minister P Chidambaram announcing the government's willingness to sacrifice growth for lower inflation. The finance minister on Friday said the government would curb price rise through a combination of fiscal, monetary and supply-side measures. Responding to the …
The Annual Plan of Chhattisgarh for 2008-09 has been pegged at Rs 9,600 crore, inclusive of additional Central assistance of Rs 50 crore for establishing and strengthening of infrastructure for collection and marketing of minor forest produce. This was agreed at a meeting between the Deputy Chairman of the Planning …
Expressing concern over high rate of inflation, the Union Finance Minister, Mr P. Chidambaram, said here today that the Government will soon decide whether it should sacrifice a bit of growth to contain inflation. Eight per cent economic growth and four per cent inflation would be the ideal balance. Speaking …
The Planning Commission on Friday allocated an annual plan size of Rs 9,600 crore for Chhattisgarh for the year 2008-09. This includes additional Central assistance of Rs50 crores for establishing and strengthening of infrastructure for collection and marketing of minor forest produce. Commenting on the performance of the state, deputy …
Inflation soared to 6.68%, its highest in 13 months, raising market expectations that the Reserve Bank of India may have to respond and sending the rupee to its highest in a month against the dollar. While the rate is marginally higher than the 5.92% reported for the previous week ending …
FOR some years now, the Budget speeches of the Finance Minister have been impressive exercises in the art of rhetoric, that is, of verbal persuasion without reference to reality. It has often been the case that the more P. Chidambaram talked about a particular issue in his speech, the less …
ON a first reading, it may appear that the Union government's Budget for 2008-09 is very different from the neoliberal Budgets of the last decade and a half or more. The Budget speech contained an announcement of loan waiver for small and marginal farmers and 25 per cent write-off for …
It is clear from Budget 2008 that the UPA, instead of abandoning its neoliberal agenda in an election year, has decided to stick to it resolutely. R.V. MOORTHY Finance Minister P. Chidambaram addressing a national conference on the Union Budget organised by the Federation of Indian Chambers of Commerce and …
Projecting an economic growth of 9 per cent for India in 2008-09, a United Nations report has said the need of the hour is to address the neglect of agriculture to bring millions out of poverty. The public policy should adopt a two-pronged approach for the purpose, taking in account …
The Union Cabinet on Thursday approved the creation of a Farmers' Debt Relief Fund with an initial corpus of Rs.10,000 crore. This is to set in motion the Rs.60,314-crore loan waiver scheme aimed at mitigating the hardships of three crore small and marginal farmers, and others numbering one crore. For …
The Union Cabinet today approved the farmers' debt relief fund with an initial corpus of Rs 10,000 crore. The scheme, for small farmers, was announced in the Budget. The fund will be enhanced by Rs 15,000 crore in 2008-09, Rs 15,000 crore in 2009-10, Rs 12,000 crore in 2010-11 and …
It's time for the government to reconsider its anti-poverty programmes. The subsidies can readily finance generous direct cash transfers, vouchers for primary education, and health insurance for the poor, says Arvind Panagariya. THERE has been much confusion on the implications and desirability of the loan waiver programme announced by finance …
25 Terming the Dr A K Walias Budget an election speech rather than a budget, Leader of the Opposition Jagdish Mukhi today slammed the government in this connection. Mukhi said that while the Congress decided to pitch the Budget as pro-people and pro-poor, the reality was that it "was an …
