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 …
PUNE: Components of solar-powered products will become cheaper by at least 5-7%, thanks to finance minister Arun Jaitley's announcement to boost the solar sector. Jaideep Malaviya, CEO, Malaviya Solar Consultancy, said a company setting up a 100 MW solar plant would now be able to save around Rs 50 lakh …
MUMBAI: Internal roads, street-lighting, water supply and sewage networks in Mumbai's satellite towns like Kalyan-Dombivli, Bhiwandi-Ulhasnagar, Mira-Bhayander, Panvel, Ambernath, Kulgaon-Badlapur and Nallasopara may get better soon. Officials expect a reasonable slice of the Rs 7,060 crore earmarked for satellite towns will benefit these areas and convert them into smart cities …
While experts from Kolhapur said that the union government had failed to satisfy the needs of the agriculture and cooperative sectors in its budget announced on Thursday, Member of Parliament Raju Shetty, a farmers' leader in western Maharashtra, said that the union has started taking "appropriate steps" to boost these …
The ‘National Adaptation Fund’ will be set up to tackle the problem of climate change. The Budget is to set aside an initial sum of Rs 100 crore for the fund. The Budget is also to create a ‘Price Stabilisation Fund’ with an outlay of Rs 500 crore to mitigate …
With the Modi government determined to step up growth while simultaneously taking up environmental protection, finance minister Arun Jaitley proposed to set up a 'National Adaptation Fund' for climate change, with an initial amount of Rs 100 crore. The fund will focus on innovative methods of water conservation, use of …
An environment think tank today said although the union budget had "many nice words and some money" but it failed to show any direction for "real change." Centre for Science and Environment (CSE) said although the announcement of national adaption fund a first step to recognise the need to invest …
Environmentalist Sunita Narain Thursday raised questions on allocations on clean energy and Ganga conservation that were announced by Finance Minister Arun Jaitley in his maiden budget Thursday. On enhanced clean energy cess on coal, which has been increased from Rs.50 to Rs.100 per tonne, Narain - also the director general …
AMRITSAR: The first budget presented by Prime Minister Narendra Modi's government has deflated the expectations of farmers who were looking for 'achhe din' ahead. With a major chunk of farmers reeling under debt, famers and their leaders were disappointed on finding that the finance minister's speech was silent on measures …
AURANGABAD: Terming the Union budget presented by finance minister Arun Jaitley on Thursday as 'pragmatic and sensible', the city's industrialists said the budget would send a positive signal to investors and lay a clear roadmap for economic recovery of the country. Vice-president of Chamber of Marathwada Industries and Agriculture (CMIA) …
Budget proposals 2014-15 evoked mixed reactions from economic experts in the city on Thursday, with the Agri-Infrastructure Fund welcome, while the decision on FDI in defence and other areas faced came down under criticism. "Though the Pradhanmantri Krishi Sinchai Yojana to improve irrigation facilities is a welcome step, revival of …
- Less for research, more for security The 2014-15 Union budget outlays for scientific research reflect marginal jumps over allocations last year with atomic energy, space, biotechnology and earth sciences among agencies earmarked hikes less than even the average inflation rate of 8 per cent. Finance minister Arun Jaitley said …
Moving ahead with Modi’s agenda on River Ganga, an integrated Ganga conservation mission called ‘Namami Gange’ in the Budget, which will be set up with an outlay of Rs 2,037 crore for the current year, has been proposed. Finance Minister Arun Jaitley said that the mission is being launched as …
CHENNAI: The budget announcement to set up an Ultra Mega Solar Power Project in Tamil Nadu has come as a welcome relief for the power-starved State. However, with the concept being new and details still sketchy, the power managers here are eagerly waiting for scheme guidelines. “This is a new …
Union finance minister Arun Jaitley on Thursday gave a fresh push for creating a national market for agricultural produce and planned reforms in food grain management through “restructuring” the FCI. In his Budget speech, he announced setting up of two centres of excellence in agricultural research (Assam and Jharkhand), two …
Union Health Minister Harsh Vardhan’s anti-tobacco activism has paid off. Finance Minister Arun Jaitley Thursday announced a 11-72% hike in excise duty on cigarettes, cigars, cheroots and cigarillos in his Budget speech. Excise duty has also been hiked by 4% on pan masala, by 5% on unmanufactured tobacco and by …
Rs. 8,992 crore set aside for irrigation and flood management With focus on Ganga rejuvenation and irrigation, allocation of funds for the Water Resources Ministry has gone up from Rs. 2,076 crore in 2013-14 to a whopping Rs. 13,836 crore in budget allocations for 2014-15. The Rs. 8,992 crore set …
The power sector in the Capital, which witnessed frequent outages last month, received a much-needed boost from the Union Budget, which allotted Rs.200 crore to augment infrastructure in the key Department. In his Budget speech, Union Finance Minister Arun Jaitley categorically mentioned that transmission-related problems were a huge challenge for …
The government on Thursday said it proposed to restructure the Food Corporation of India that procured, stored and distributed foodgrain to identified beneficiaries under the Targeted Public Distribution System. Presenting his budget proposals for the food sector, Union Finance Minister Arun Jaitley said the government was committed to reducing transportation …
Committing itself to a sustained growth of four per cent in the farm sector, the government on Thursday announced in its Budget a technology-driven second green revolution with emphasis on higher productivity and a “protein revolution.” However, in a year when drought is looming large on the country, farmers are …
Rs. 3,000 crore for the North-East alone; fillip to PM’s rural scheme The Union Budget 2014 has given importance to fast-tracking highways and improving the road infrastructure to augment the nation’s arterial network. “The sector had taken shape between 1998 and 2004 under NDA-I. The sector again needs huge amount …
