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 …
Outlay in tune with Chief Minister Chandrasekhar Rao’s repeated assertions In sharp contrast to previous years, when non-plan expenditure used to be higher than plan expenditure, Telangana Finance Minister Etela Rajender on Monday presented the third budget with an outlay of nearly Rs. 1.30 lakh crore for 2016-17, with a …
The Centre will make necessary changes in existing law to enable use of online data as legal evidence against polluting industries if such units violate permissible emission\effluent limits. The move is necessary as 1475 industries have already switched over to the web-based monitoring system and the remaining ones will put …
Jaipur: In order to demoralize the older vehicles plying on the roads that add to the pollution of their respective hamlets, villages and cities, chief minister Vasundhara Raje in her Budget for 2016-17 on Tuesday proposed for green tax classification based on the age of the vehicles. However, Raje has …
Asserting that Punjab’s right to waters of its rivers should be “safeguarded”, Governor Kaptan Singh Solanki on Tuesday appealed the Centre to remove “discrimination” in sharing it with neighbouring States. Noting that “injustice and discrimination” was meted out to Punjab over its river waters, he said the people of the …
The Ministry of New and Renewable Energy (MNRE) wants all wind turbines of less than 1MW capacity and built before the year 2000 phased out and replaced by new ones. It has circulated a draft wind repowering policy saying that its financing arm, the Indian Renewable Energy Development Agency (IREDA) …
While acknowledging implementation of 89 irrigation projects under AIBP, which have been languishing for years, Jaitley in his Budget speech had said, “we will ensure that 23 of these projects are completed before March 31, 2017”. While acknowledging implementation of 89 irrigation projects under AIBP, which have been languishing for …
PUNE: The Centre for Science and Environment (CSE) has welcomed the move by union finance minister Arun Jaitley to integrate pollution concerns with the Union budget and send fiscal signals to discourage polluting technologies. It has not only made polluting technologies and fuels such as diesel cars and coal pay …
For the second year in a row, the Modi government has reduced fund available to child health interventions, with a massive cut — from Rs. 15,483.77 crore last year to Rs. 14,000 crore in the latest budget. The National Family Health Survey (NFHS)-4 data for 15 States shows that 37 …
The slew of proposals announced by finance minister Arun Jaitley in the Budget on Monday will lead to an increase of coal-based electricity prices by 10-12 paise per unit, due to the doubling of cess on coal. Additionally, the reduction in accelerated depreciation (AD) and withdrawal of income tax exemption …
The Clean Environment Cess proposed in the Budget is likely shoot up Coal India's average notified coal price by around 20 per cent. "Our average coal price (notified segment) is Rs 1,000-1,100 per tonne and an increase of Rs 200 per tonne is almost 20 per cent rise in coal …
It used to be 80% until today's announcement Shreya The Union Budget capped the accelerated depreciation (AD) tax benefit provided under Income Tax Act at maximum 40% effective from April, 2017. The wind energy sector which till yet enjoyed AD of 80% is likely to take a major hit. Of …
The Union Budget 2016-17 presented by Finance Minister Arun Jaitley turned out to be positive for some sectors and negative for others. The Budget announcements came in as a mixed bag for the power companies. At close, the BSE power index was down 1.06 per cent down at 1,582.48 against …
Seeking to fund its green initiatives, the government on Monday proposed to substantially increase the existing 'clean energy cess' on coal, lignite and peat from Rs 200 per tonne to Rs 400 per tonne and levy a new infrastructure cess on carbon emitting cars. Bringing clarity on the scope of …
Green body CSE on Monday welcomed the Centre's move to integrate pollution concerns with the Union budget and send signals to discourage polluting technologies but said several concerns, including the proposed tax sops for developers to provide housing, remained unaddressed. The Centre for Science and Environment (CSE) said pollution cess …
100% village electrification is positive but power supply needs to be ensured Power industry fears the Finance Minister's proposal to increase rate of Clean Environment Cess from Rs 200 per tonne to Rs 400 per tonne will have adverse impact on tariff structure. The industry players expect there will be …
Many in the healthcare sector were disappointed by the Union Budget. "In comparison to previous years, the 2016 Union Budget seemed lacklustre in terms of the health care sector. Healthcare being one of the major concerns in the country, a lesser amount of focus was given to the development of …
Defending the Budget, Finance Minister Arun Jaitley said on Monday that it addresses the “harsh reality” of distress in rural India and the farm sector beleaguered by successive poor monsoons. The Budget that has remained on the committed path of fiscal rectitude and includes a number of deep, though unglamorous …
An amount of Rs.33,097 crore has been allocated for development of North-eastern Region in the Union Budget which included a special fund of Rs.412 crore for promotion of organic farming. Presenting the Union Budget 2016-17, Finance Minister Arun Jaitely said Rs.33,097 crore has been earmarked for North-eastern Region across all …
It was late CPI member A B Bardhan who had disdainfully dismissed the panic in the stock markets after the shock defeat of the BJP-led government in 2004, saying he did not give two hoots to what happened on the bourses. Congress did not allow the sentiment of the veteran …
Finance minister Arun Jaitley imposes levy of up to 4% on new passenger vehicles as part of his annual union budget India has introduced a new tax on car sales aimed at helping fight high levels of air pollution and congestion. The surprise move, announced by the finance minister, Arun …
