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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Land Acquisition Bill to get delayed further
The union government, it seems, will have to wait a little longer for the crucial Land Acquisition and Rehabilitation and Resettlement Bill which was expected to be tabled in Parliament during the upcoming Budget Session. The standing committee on rural development, which is examining the proposed legislation, is set to inform the Centre that it would miss the March 12 deadline. Also, it would need some more time to complete the deliberations and finalise the report.
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Nitish connects with farmers to win polls
PATNA, 29 FEB: The election may still be far away, but the ruling Nitish Kumar government in Bihar has already drafted a well thought-out, new political strategy to beat its rivals in the polls. In a marked
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Govt may Continue Breathing Incentives into Wind Energy Inc
The ministry of new and renewable energy is seeking extension of existing incentives for the wind energy sector in the upcoming Union Budget. This would ensure growth momentum in the coming years after
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ONGC to give Rs 12,400-cr boost to govt finances
The Union government will raise at least Rs 12,400 crore through the sale of five per cent stake in Oil and Natural Gas Corporation (ONGC), giving it a much-needed cushion in the run-up to the Budget. The government would sell 427.77 million shares at a floor price of Rs 290 through the recently introduced auction mechanism, the company said in a notice to the stock exchanges. The auction will be held during trading hours on March 1.
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Ground For Growth
Consider this: The government’s revenue mop-up stood at Rs 5.2 lakh crore for the first nine months of 2011-12. The target for the entire fiscal was Rs 8.4 lakh crore. Industrial output slowed down to
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India losing forests rapidly
Researchers claim India is losing its forests more rapidly than Brazil and Malaysia. They question the findings of the latest State of the Forest Report 2011 which highlights that forest cover has increased by nearly five per cent between 1997 and 2007 and is presently covering nearly 24 per cent of India’s geographical area. Researchers, including Jean-Philippe Puyravaud and Priya Davidar of Pondicherry University and William Lawrence of James Cook University assert that what the Forest Survey of India describe as forests, often consists of tree cover and poplar eucalyptus plantations.
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Govt plans fund to offset food subsidy burden
Framework of corpus in nascent stage, to come up in 2012-13 Budget The government is planning to come up with a price protection fund to cushion the burden of food subsidy, which is expected to grow manifold under the new Food Security Bill. The proposed fund, under the ministry of food and consumer affairs, is a Budget proposal for 2012-13.
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Rural job scheme spending declines
Central allocation for the Mahatama Gandhi National Rural Employment Guarantee Scheme (MNREGS) has been falling in recent years, with this year recording the steepest decline. Money released for the scheme fell from Rs 35,242 crore last year to Rs 21,441 crore this year, while expenditure has gone down from Rs 39,000 crore last year to Rs 20,000 crore as of January-end.
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Nations agree on options to fight EU carbon tax rule
Countries opposed to an EU law forcing the world’s airlines to pay for carbon emissions have agreed on a basket of retaliatory measures but will leave it up to each country to choose among them, Russia’s deputy transport minister said on Wednesday. “Each country has the options of barring its airlines from participating in the European Union's carbon scheme, lodging a formal complaint with the UN’s International Civil Aviation Organisation (ICAO), ceasing talks with European carriers on new routes and imposing retaliatory levies on EU airlines.
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Gift Yourself a Diesel Car Before the B-Day
A cost-benefit analysis shows it makes sense to opt for a diesel car than a petrol version if your usage is high, says Prashant Mahesh. It seems everyone wants to buy a diesel car these days. Or at least