The announcement was made by Finance Minister Pranab Mukherjee in his Budget speech.
Necessary funds are proposed to be allocated for the eight national missions that are being launched following the National Action Plan on Climate Change (NAPCC) unveiled last year.
Union Finance Minister Pranab Mukherjee on Sunday said that the United Progressive Alliance government was ready to bring in and get the Lokpal Bill passed in the next session of Parliament if the Opposition cooperated with it.
Amid the rituals of Maha Ashtami (the third day of the five-day festival), Pranab Mukherjee spoke to Shine Jacob on the Moody's downgrade of State Bank of India and other issues.
Finance Minister Pranab Mukherjee on Friday sought to downplay the controversy over austerity measures that had kicked up a row in the cabinet meeting on Thursday saying it could be due to some misunderstanding.
The delegation, comprising leader of Opposition in Lok Sabha Sushma Swaraj, her counterpart in Rajya Sabha Arun Jaitley and others, said Mukherjee had assured them that DTC was only at the drafting stage and discussions were still on.
In a major development in the Congress, the party has formed an informal committee comprising General Secretary Rahul Gandhi, spokesperson Janardan Dwivedi, political secretary to Sonia Gandhi Ahmed Patel and Defence Minister AK Antony to look into the party's affairs, as the Congress president will be away since she is undergoing treatment in the United States.
Proposed scheme will not provide immunity to tax defaulters.
Finance Minister Pranab Mukherjee on Monday said that revenue authorities have detected tax evasion of about Rs 1 lakh crore (Rs 1 trillion) during the past 18 months as a result of international cooperation as well as domestic surveillance.
In a bonanza for lawmakers, Finance Minister Pranab Mukherjee on Friday announced that the constituency fund of Members of Parliament will be more than doubled to Rs 5 crore per year from April 1.
A week ahead of the RBI reviewing the monetary policy with expectations of a policy rate hike, Commerce and Industry Minister Anand Sharma has cautioned that raising cost of borrowing "may not be suitable" tool to rein in inflation.
This activity will allow us to identify those jurisdictions where either the legal framework is not good enough or practices are not good enough and, therefore, information is not flowing.
Congress president Sonia Gandhi has more or less finalised the plan to tweak the Union Cabinet before Parliament opens on August 8. Three ministers will be shifted to the new portfolios. Home Minister P Chidambaram, as expected, will become the finance minister. He succeeds Pranab Mukherjee who has become President of India. He is impatiently waiting for the announcement to be made within 'three to four days'. Sheela Bhatt reports.
In view of the severe drought and growing prices of essential commodities, Prime Minister Manmohan Singh has constituted a crisis management group of Ministers (GoM) for monitoring the situation on a day-to-day basis.
The ailing carrier was facing a net cumulative loss of Rs 20,320 crore.
Extension of tax break is part of the efforts to scale up the power generation capacity.
Rising food prices are pinching everybody and he would like to do his bit to increase purchasing power.
The deadline set by anti-corruption crusader Anna Hazare for passing the Lokpal Bill is inching closer, but the government seems to be in no hurry. Sources in the government said that the Union Cabinet is unlikely to discuss the Lokpal Bill on Sunday.
Responding to the price rise debate in Lok Sabha, Mukherjee said that it should be tackled by leaders across all the political parties.
The decision was taken at a meeting Finance Minister Pranab Mukherjee had with Law Minister Salman Khurshid and Parliamentary Affairs Minister Pawan Kumar Bansal.
Facebook-owned messaging platform said Indian journalists and human right activists were among those globally spied upon by unnamed entities using an Israeli sypware Pegasus.
The funding will help developmental works in Nepal.
Prime Minister Manmohan Singh on Wednesday discussed with his senior Cabinet colleagues the Mullaperiyar dam issue over which Tamil Nadu and Kerala have been at loggerheads.
The government on Friday said that India is the fifth most indebted country among the 20 developing nations but its debt is within manageable limits.
CPI (M) leader Brinda Karat felt the government's Budget did very little for the common man and only catered to certain sections of the country.
While accepting that there are challenges before the Indian economy arising out of domestic and global factors, the Finance Minister said he did not believe in despondency.
"If this declining trend continues, I do hope it will have a moderating influence on the price front," Mukherjee told reporters in New Delhi.
That was the compromise formula, said Mukherjee.
Finance Minister Pranab Mukherjee has said food inflation, which stands at over 16 per cent, will begin to come down after the middle of next month on the back of good monsoon.
Inflation is expected to be higher in December than 7.48 per cent in November, since food inflation has surged up to 18.32 per cent during the week ended December 25.
Earlier in the day, the White House said that it would be monitoring the progress on the Chinese assurance that it would be making its currency more flexible. It also said that currency, indeed, would be one of the topics of discussions during upcoming G-20 Summit in Toronto.
Finance Minister Pranab Mukherjee said India would have to develop a rupee-denominated long-term bond market to help fund the infrastructure sector, which would require $459-500 billion by 2012.
Two women candidates; Lok Sabha Speakers; Chief Justices; A Chief Election Commissioner; drafters of the Constitution; the RBI's first Indian governor; a farm leader who unsuccessfully contested four times; an iconic Bharata Natyam dancer...
Agriculture Minister Sharad Pawar will head the Empowered Group of Ministers (EGoM) on the effective management of issues related to drought.
From defending the shock announcement of demonetisation to spearheading the remonetisation drive that included the cumbersome process of printing and supplying new Rs 500 and Rs 2,000 notes, his calm composure brought a sense of serenity to an otherwise chaotic situation.
While drought in about half of the country, including producing regions of north-western India, hampered the sowing process, with areas under the paddy crop declining by about six million hectares, floods in Andhra Pradesh, Karnataka and Maharashtra damaged the standing crop.
On an annual basis, onions became costlier by 33.48 per cent, whereas on a week-on-week basis, the increase was 4.56 per cent, government data released here shows.
Finance Minister Pranab Mukherjee said the Centre was willing to consider a phased approach to the introduction of Goods and Services Tax (GST), to reach a consensus on the issue. Mukherjee said he would expect the rollout of GST simultaneously with the Direct Taxes Code (DTC), scheduled for April, but there were some issues.
The government has identified nine areas of concern in the Direct Taxes Code (DTC) draft, and they would be taken into consideration while it is being redrafted.
Finance Minister Pranab Mukherjee on Wednesday said Indian markets cannot remain immune to the Eurozone debt problems and will feel the impact if the $1 trillion bailout package by the European Union and the International Monetary Fund does not inspire confidence.
