Budgeting for agriculture and food
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
Budget
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Odisha seeks Rs 3,050 cr allocation in rail budget
The state government has sought Rs 3,050 crore outlay for the development of rail infrastructure in the state in the ensuing 2013-14 Railway budget. The state had received only Rs 723 crore allocation in last year’s rail budget against its demand of Rs 2,345 crore. Of the total budget allocation sought for the coming year, the government has asked Rs 1,440 crore for construction of nine new lines, Rs 50 crore for gauge conversion (90-km Rupsa- Bangiriposi), Rs 890 crore for doubling and laying of third line in some sections.
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Intelligent traffic system to cost 150cr, cut waiting time by a third
Mumbai: Several times a day, some of the busiest junctions in the suburbs are absolutely free of traffic for several seconds on end. These are the times when the green signal is yet to finish its down-count though vehicles have cleared the road. These are also the very moments when the pulse rate of motorists on the perpendicular road increases by several beats. The BMC says it wants to put an end to such anguish. By 2017, the civic body intends to finish installing smart signals at 367 of the busiest junctions in the suburbs. At present, 253 such signals exist in south and central Mumbai, which started being installed from 2007 with World Bank funding of Rs 72 crore.
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India ranks high on budget transparency
14th Among 100 Countries: Survey Mumbai: India enjoys a high rating when it comes to budget transparency practices. It ranks 14th among the 100 countries that were surveyed. Its open budget index score of 68 out of 100 is much higher than the average score of 43 for all countries covered in the Global Open Budget Survey 2012. The results of the survey were released on Wednesday by The International Budget Partnership (IBP). According to IBP, India’s current score indicates that the government provides significant information on its budget and financial activities during the year, enabling Indian citizens to hold the government accountable for management of public money.
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‘Centre shares panel views on food security’
Bill Will Be Reintroduced In Parliament In Budget Session, Says MoS K V Thomas Kochi: The Centre is in broad agreement with the suggestions of the parliamentary panel on food, which has just submitted its report on the much-debated food security bill, said minister of state for food and civil supplies K V Thomas. “The panel has come up with a near unanimous report, barring a dissent from the CPM member. Many of the suggestions made by the panel were already there in the ‘plan B’, being considered by the government to proceed with the bill,” the minister told TOI here.
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Open budget survey 2012
The results of a major global assessment of government budget systems and practices raise serious questions about the prospects for individual countries to overcome poverty and promote economic development
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Odisha's Budget for 2013-14 may cross Rs 60,000 cr
The State Budget for 2013-14 may cross Rs 60,000 crore, about Rs 8,000 crore more than Rs 52,030.70 crore outlay proposed for 2012-13. Odisha’s Gross State Domestic Product (GSDP) for the next fiscal has been pegged at Rs 2.9 lakh crore, which is 11.53 per cent higher than the current year’s figure of Rs 2.6 lakh crore. “The Budgetary allocation for 2013-14 will be 10-15 per cent higher compared to 2012-13. The focus of the Budget will be on agriculture, education, health and infrastructure creation.
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Real estate sector makes a pitch for infrastructure status for housing
Hit by slackening demand amid economic slowdown and high interest rates, the real estate sector has asked for infrastructure status for the housing sector in the Budget for 2013-14, which would help it avail of tax benefits and easier flow of credit. The housing ministry has said at least low-cost housing should get this status. The National Real Estate Development Council (Naredco) said the sector should get infrastructure status and rental housing should be made more attractive to address the shortage of houses.
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Centre to promote North East as 'adventure tourism' destination
With hills and mountains dotting the landscape of North Eastern region, the Centre plans to promote the region as an ‘adventure tourism’ destination to increase the flow of tourists, particularly foreign tourists, said Union minister of state for tourism K Chiranjeevi. “We know not all the roads are in good condition in the region. But not all tourists complain this as many like adventure tourism. The region can be a great destination for adventure tourism. If we can promote the region as an adventure tourism destination before the world, we can surely attract foreign tourists in the region,” said Chiranjeevi at the three day ‘International Tourism Mart’ which concluded here on Sunday.
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Environmentalists welcome diesel price hike
Even while Opposition BJP and key UPA allies - the BSP and the DMK - went ballistic against the government’s decision on diesel price hike, the attempt to gradually bring down the differential between
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Agri programmes in limbo for want of budget
BIRATNAGAR, JAN 18 - Agriculture extension programmes in the Eastern Nepal have been in limbo for want of adequate resources. Although the government promised doubling investment in agriculture, absence