Authorisation sought for additional expenditure of Rs. 1,40,378.91 crore The government on Wednesday initiated the first step towards providing for the Rs. 60,000-crore farm loan waiver scheme, setting apart Rs. 10,000 crore from the supplementary demands for grants for setting up a debt relief fund for farmers. The relief fund, …
A lot has been said and written on the state of agriculture in India and if the recently-announced largesse of Rs 60,000 crore in the form of farm loan waivers can do anything significant to mitigate the plight of the Indian farmer. In this context, it may not be out …
Parliament's approval for additional net cash spending of Rs 43,060 crore sought. The government today sought Parliament's approval for additional net cash spending of nearly Rs 43,060 crore for 2007-08. This includes Rs 10,000 crore for creating a Farmers Debt Relief Fund for waiving the debt of small farmers. The …
The farm loan waiver announced by the Central government has come as a boon to the District Central Cooperative Bank (DCCB), which is facing financial problems with bad debts amounting to Rs 200 crore. The DCCB is expected to get Rs 140 crore from the Central government under the farm …
Ultimately, it boils down to whether a loan waiver will help without taking action to improve irrigation facilities and to ensure remunerative prices for farmers. Vijay Jawandhia President, Shetkari Sangathana Maharashtra
Natural and man-made disasters killed 20,000 people in 2007 and cost the world economy more than 70 billion dollars (45 billion euros), reinsurer Swiss Re said Tuesday. The world was hit by 142 natural catastrophes and 192 man-made disasters in 2007, the company said in a report, with most deaths …
Visitors to Thalheim in eastern Germany enter a grey landscape of abandoned industrial buildings, the remnants of the communist-era chemicals industry. Yet amid the blight, a few dozen shiny low-lying factories provide signs of a long hoped for revival. Dubbed the Solar Valley, the area around the town south of …
Flagship refiner-marketer IndianOil Corporation is worried over the withdrawal of tax holiday to new refineries announced in the Budget, a move that will reduce the profitability of its new refinery being planned at Paradip in Orissa with an estimated investment of Rs 24,000 crore. "The rate of return on capital …
Failure to reform a bloated civil service is putting the country's huge economic achievements at risk "THE tiger is under grave threat,' India's finance minister, Palaniappan Chidambaram, intoned at one point in his budget speech on February 29th. He was referring to the stripy animals that prowl the country in …
Chief Minister Tarun Gogoi, who is also holding the Finance portfolio, today placed before the State Assembly a deficit Budget of Rs 2,819.23 crore. Though the annual deficit for 2008-09 is estimated to be Rs 458.53 crore, it is anticipated to shoot up to Rs 2,819.23 crore by the end …
The government on Monday said there was no proposal to bring the big agricultural firms under the tax net. "Under the existing provisions of the Income Tax Act, 1961, agricultural income of any person is exempt from income tax. Currently, there is no proposal to do away with this exemption,' …
Chief Minister Tarun Gogoi on Monday presented a Rs. 2819 crore deficit budget for the 2008-09 fiscal and announced a number of sops and projects to be undertaken by his government during the year. Mr. Gogoi also announced the introduction of gender budgeting in the State starting with 12 departments …
The 2008 Union budget must be remembered. Not because it heralds the news of an early election. But because it comes at a time when the world is battling four different but linked developments. First, the impending US recession, which is already costing our financial markets to tumble. Second, record …
The Karnataka Budget for 2008-09 presented by Union Finance Minister P. Chidambaram had no fanfare, no announcements of new schemes and no new "populist' initiatives. Mr. Chidambaram presented the budget proposals for the State for 2008-09 in the Lok Sabha on Monday. He presented estimates for expenditure and receipts for …
The entire Opposition continues boycott of the Assembly session for the third day VAT on wheat flour, maida, pulses down to 1 p.c. Water tax and sewerage tax to be abolished DEHRA DUN: Chief Minister Bhuwan Chandra Khanduri presented a Rs.1,794-crore revenue surplus Budget for 2008-09 in the Uttarakhand Assembly …
JAMMU, Mar 10 - Peoples Democratic Party (PDP) President Mehbooba Mufti has sought the extension of agriculture loan waiver facility, recently announced in the union budget, to the horticulture sector in Jammu & Kashmir. The PDP President spoke to the Union Finance Minister, P Chidambaram and the Agriculture Minister Sharad …
Criticism of the ADB adds to recent concerns voiced by the US. The chairmen of two US congressional committees are warning that the project evaluation standards of the Asian Development Bank are set to be watered down to unacceptable levels. In a joint letter seen by the Financial Times, Patrick …
Karza maafi or voter maafi?: File picture of the relatives of a farmer who committed suicide due to mounting debt last year. It was around the distress in regions like Vidharbha and Anantapur that the present
