Government support to Budget 2011-12 - or, gross budgetary support (GBS) - is likely to rise by 18 per cent over last year, taking Planning Commission estimates made at the beginning of the 11th Plan (2007-12). With those estimates, the government has with it resources worth Rs 3.73 lakh crore to fund the Budget for the last year of the Plan.
While Finance Minister Pranab Mukherjee is aiming for a return to the path of fiscal prudence, various departments of the central government appear to be out of sync.
Finance Minister Pranab Mukherjee on Monday said that government has taken a conscious and bold decision to enhance the Gross Budgetary Support for the Annual Plan 2009-10 by Rs.40,000 crore (Rs 400 billion) over the Interim Budget for 2009-10.
The ministry of finance has assured the Planning Commission of at least 15 percent increase in gross budgetary support for 2010-11, over the 2009-10 budget estimates.
Under the scheme, the government proposes to provide electricity to all households by December 2018, ahead of the earlier target of March, 2019.
Currently, Railways is facing a loss of Rs 34,000 cr in passenger segment and its earnings are falling.
The civil aviation ministry is likely to get an allocation of Rs 3,046.93 cror
The fixed line broadband will offer "ultra high-definition entertainment on large screen TVs, multi-party video conferencing from your living room, voice-activated virtual assistants, virtual reality gaming, digital shopping, immersive experiences," Ambani said.
We have only rationalised the freight rates, says the minister.
There would be a marginal 3% increase in freight rates.
Indian Railways has plans to decongest network and become more self dependent.
The Rail Budget will announce introduction of AC suburban trains in Mumbai.
Bharti Airtel customers can now avail its 4G data plans starting from Rs 450, down 31 per cent from Rs 650 earlier in Bengaluru, Kolkata, Pune and Chandigarh circles.
The station with the most annual revenue is CST Mumbai, followed by Dadar.
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we are facing a situation of empty coffers but eagerness to expand.
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Railway Minister Suresh Prabhu faces a stiff dilemma on whether to raise fares and freight rates in his second Rail Budget.
If you're a fan of the series, there's little reason not to pick it up right away.
When Prime Minister Narendra Modi recently extended a Rs 8,000-crore (Rs 80 billion) central support for building roads in Jammu & Kashmir, Union Cabinet's approval for the big-ticket announcement came in barely 48 hours.
