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
-
Diesel cars overtake petrol ones in sales
Riding on the lower retail price of fuel, diesel automobiles for the first time ever surged ahead of petrol models in December last year, capturing more than 50% of the passenger vehicle market comprising
-
Clean energy fund swells to Rs 3,864 cr
Even as the government’s annual Economic Survey outlines the importance of climate change and global warming, the Union Budget 2012-13 made no announcement towards climate financing. Finance Minister Pranab Mukherjee made no specific announcement about how the Rs 3,864-crore National Clean Energy Fund is going to be utilised in 2012-13.
-
Govt, Oppn to iron out differences on Lokpal Bill in Budget Session recess
The government today stepped up efforts to iron out differences on contentious aspects of the Lokpal Bill, with Prime Minister Manmohan Singh meeting leaders of various parties during which it was decided
-
Water security tops chart requiring huge allocation
The state budget that is to be announced on March 26 is likely to be a populist one with the state government planning to expand the ambit of its social welfare schemes and announcing some new ones. However, given the challenges faced by the state, chief minister Ashok Gelhot will have to tread cautiously and present a balanced budget for the overall growth of the state.
-
‘Central rural drinking water scheme lacking hope in Assam’
GUWAHATI: The rural drinking water supply under the Central Government’s flagship Bharat Nirman programme has not proved to be a success in Assam in comparison to other States. This was revealed in the Economic Survey 2011-12 presented by the Union Finance Minister Pranab Mukherjee in the Parliament before the presentation of the Budget for the 2012-13 financial year on last Friday.
-
Interim Budget presented in Mizoram
Mizoram Finance Minister H Liansailova today presented an Interim Annual Budget for 2012-2013 in the Assembly to seek a vote on account for the first four months of the next fiscal amounting to Rs 1,663.12
-
Food bill likely to be rolled out by December, says minister
Allaying fears that the ambitious food security bill may not be enacted in the next financial year due to meagre allocation for food subsidy in the Budget, the government on Wednesday said the legislation was expected to implemented by December-end. The food ministry is mulling changes in various set-ups like the public distribution system for the smooth execution of a food security law, but the Act would increase the food subsidy considerably, almost by 50 per cent over the Budget allocation.
-
Poverty nos: World Bank says no plan to trim lending to India
The World Bank will not reduce financial assistance to India for poverty alleviation measures because of the recent official data that showed a decline in the number of poor people in the country. The international funding agency takes a long-term view on its commitments and the poverty data released on Monday will not have any bearing on that commitments,
-
Karnataka Budget at Rs 1 lakh crore
Bangalore Karnataka government today presented the Budget that exceeded Rs 1 lakh crore in value for the first time and announced the acceptance of pay commission recommendations bringing cheer to employees. It also proposed to levy value added tax (VAT) at five per cent on beedies and plastic woven fabrics and increase VAT on cigarettes and other tobacco products from 15 per cent to 17 per cent.
-
Over 40% rise in budget spending for urban poor
After an almost negligible increase in budget spending for the urban poor for the past few years, the total spending on the poorer section of the society will see a drastic rise of over 40 per cent in the 2012-’13 fiscal. The civic budget presented on Tuesday provides for a total outlay of Rs 6,553.91 crore for the urban poor, a sharp rise from Rs 4,562.68 crore the previous year. The BMC had spent Rs 4,351 crore in urban poor schemes in 2010-’11 and Rs 4,155 crore in 2009-’10.