News for 'General Budget in Parliament'

What's Yama Doing On The Street?

What's Yama Doing On The Street?

Rediff.com10 Jan 2022

Sunday curfew. Weekend curfews. Deserted streets. Crowded streets.

Not democracy, but dynasty politics is in danger: Shah

Not democracy, but dynasty politics is in danger: Shah

Rediff.com7 Apr 2023

The Union minister asked Gandhi to "follow the law "and secure acquittal from a higher court.

President gives nod to CrPC, merger of Delhi civic bodies bills

President gives nod to CrPC, merger of Delhi civic bodies bills

Rediff.com19 Apr 2022

The CrPC (Identification) Bill empowers the police to obtain physical and biological samples of convicts and those accused of crimes while the DMC (Amendment) Bill, 2022 seeks to unify the three civic bodies in the national capital.

MSMEs caught between a rock and a hard place

MSMEs caught between a rock and a hard place

Rediff.com3 Apr 2023

Politicians and Twitter warriors around the globe have a new buzzword among them: Net zero. Everyone appears to be keen to state their commitment to net zero, with India providing an outlay of Rs 35,000 crore to achieve energy transition and net-zero objectives in its Budget for FY24, even as the latest and final report by the United Nations' Intergovernmental Panel on Climate Change (IPCC) warned that current efforts are not enough to curb global warming. A number of small factory owners and businesses, however, have pointed out that the transition to net-zero emissions will cost them hugely.

Cong resists move to present U'khand budget bill in RS

Cong resists move to present U'khand budget bill in RS

Rediff.com10 May 2016

Congress members also vociferously pressed for a discussion on the Comptroller and Auditor General report.

Want to know true state of economy? Tune into President's address

Want to know true state of economy? Tune into President's address

Rediff.com30 Jan 2019

The President's address to Parliament on January 31 will contain the government's report card on the state of the economy, and will be no less important than the interim Budget announcements, says A K Bhattacharya.

Govt seeks Parl nod for Rs 1.07 lakh cr additional spend

Govt seeks Parl nod for Rs 1.07 lakh cr additional spend

Rediff.com14 Mar 2022

According to the third batch of supplementary demands for grants tabled in the Lok Sabha, approval is being sought for gross additional expenditure of over Rs 1.58 lakh crore.

Rishi Sunak emerges as bookies' favourite to replace Liz Truss

Rishi Sunak emerges as bookies' favourite to replace Liz Truss

Rediff.com21 Oct 2022

The 42-year-old is holding a solid 55 per cent lead with the Oddschecker betting odds aggregator, followed by a 29 per cent chance of former prime minister Boris Johnson making a comeback. Third placed in what is emerging as a three-way contest is Leader of the Commons Penny Mordaunt, who had polled third in the first round of parliamentary votes to shortlist candidates for the last leadership race.

Cabinet paves way for privatisation of govt-owned insurers

Cabinet paves way for privatisation of govt-owned insurers

Rediff.com29 Jul 2021

The Union Cabinet has approved amendments to the General Insurance Business (Nationalisation) Act, paving the way for privatisation of government-owned insurers. The amendments, approved by Cabinet, will remove the clause for the Centre to hold at least 51 per cent in public sector insurance companies at any given time. It will also have an enabling provision for the transfer of management control from the government to the potential buyer of the public sector insurance company. The finance ministry will move amendments to the insurance Act in the ongoing Parliament session.

Congress to launch month-long stir against Rahul's disqualification

Congress to launch month-long stir against Rahul's disqualification

Rediff.com28 Mar 2023

The agitational programmes include the 'Loktantra Bachao Mashal Shanti March' starting from Red Fort on Tuesday and a series of press conferences in 35 major cities across the country on March 28 and 29.

Rahul's 'timing could have been better', tweets Congress' Digvijaya

Rahul's 'timing could have been better', tweets Congress' Digvijaya

Rediff.com24 Feb 2015

Even as the Congress tired to shield Rahul Gandhi's surprise sabbatical ahead of the crucial Budget session, senior party leader Digvijaya Singh questioned his timing openly.

Highlights of the Union Budget 2018-19

Highlights of the Union Budget 2018-19

Rediff.com1 Feb 2018

Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.

BJP leader dies following police lathi charge on Patna protest

BJP leader dies following police lathi charge on Patna protest

Rediff.com13 Jul 2023

A BJP leader in Bihar on Thursday died while taking part in a 'Vidhan Sabha march' against the state's Nitish Kumar government, evoking allegations from senior party leaders that he was "killed in a brutal lathi charge".

Budget not excellent but just above average

Budget not excellent but just above average

Rediff.com12 Mar 2015

This Budget plans for an increase to 10.3% of GDP from 9.9%.

Why Congress guns won't boom in Parliament

Why Congress guns won't boom in Parliament

Rediff.com2 Jul 2014

Rediff.com contributor Anita Katyal explains why the Congress is ill-equipped to battle the Narendra Modi government in the forthcoming Budget session of Parliament.

SC likely to set up a body to look into 'serious issue' of freebies

SC likely to set up a body to look into 'serious issue' of freebies

Rediff.com3 Aug 2022

The Supreme Court on Wednesday asked stakeholders like the Centre, Niti Aayog, Finance Commission and the Reserve Bank of India, to brainstorm on the 'serious' issue of freebies announced during elections and put forth 'constructive suggestions' to tackle it, saying no political party will oppose such handouts or like to debate it in Parliament.

Banking services hit for 2nd consecutive day

Banking services hit for 2nd consecutive day

Rediff.com17 Dec 2021

Lakhs of employees of public sector banks continued their strike on the second day on Friday as well to protest against proposed privatisation of banks by the government impacting normal operation across the country. Shutters of branches across many parts of the country on Friday were down following the strike call given by the United Forum of Bank Union (UFBU), an umbrella body of nine bank unions including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW). As a result, services such as deposits and withdrawal at branches, cheque clearance and loan approvals remains paralaysed due to the two-day strike ending later in the day.

China, Not Pakistan, Is India's Enemy No 1

China, Not Pakistan, Is India's Enemy No 1

Rediff.com16 Jan 2023

16 Indian Army divisions face China, 20 face Pakistan and two divisions are reserves. This powerful signal can hardly be missed in China or Pakistan, notes Ajai Shukla.

Why we need to manage our Budget expectations

Why we need to manage our Budget expectations

Rediff.com27 Feb 2015

Most expect the Budget to be path-breaking.

CWC leaves it to Sonia Gandhi to clear the mess within

CWC leaves it to Sonia Gandhi to clear the mess within

Rediff.com13 Mar 2022

The Congress will hold a chintan shivir immediately after the Budget session of Parliament and the CWC will meet again before that, he told reporters

Ministries face cash crunch as winter session scrapped

Ministries face cash crunch as winter session scrapped

Rediff.com28 Dec 2020

The health and family welfare ministry spent 70 per cent of its allocation till October. The ministry may need additional funds for the vaccination drive which is expected to be kicked off from January.

RBI to soon start pilot launch of digital rupee

RBI to soon start pilot launch of digital rupee

Rediff.com7 Oct 2022

The Reserve Bank on Friday said it will soon commence the pilot launch of e-rupee for specific use cases with a view to bolstering India's digital economy, making payment systems more efficient, and checking money laundering. In a concept note on Central Bank Digital Currency, the RBI said CBDC is aimed to complement, rather than replace, current forms of money and is envisaged to provide an additional payment avenue to users, not to replace the existing payment systems. "Supported by state-of-the-art payment systems of India that are affordable, accessible, convenient, efficient, safe and secure, the Digital Rupee (e?) system will further bolster India's digital economy, make the monetary and payment systems more efficient and contribute to furthering financial inclusion," the paper said.

India must worry over China's $150 bn defence budget

India must worry over China's $150 bn defence budget

Rediff.com7 Mar 2016

'While China has been hiking its defence spending, India has done precious little in implementing the Manmohan Singh government's decision of raising a 90,000-strong China-centric Mountain Strike Corps,' says Rajeev Sharma.

Jaitley sticks to fiscal roadmap, FY17 deficit at 3.5%

Jaitley sticks to fiscal roadmap, FY17 deficit at 3.5%

Rediff.com29 Feb 2016

The fiscal deficit in current fiscal has been estimated at 3.9%.

CAG pulls up govt for IGST mess

CAG pulls up govt for IGST mess

Rediff.com29 Nov 2021

The CAG has pulled up the union government for adopting an erroneous process of devolution of IGST to states and short-transfer of cesses to reserve funds, which resulted in under-reporting of deficit figures for the 2017-18 and 2018-19 fiscals. The Integrated Goods and Services Tax (IGST), which is levied on inter-state sale of goods and services, is shared between the Centre and states in the 50:50 ratio. In its report on the union government accounts tabled in Parliament, the Comptroller and Auditor General of India (CAG) found that a sum of Rs 13,944 crore was left unapportioned and retained in the Consolidated Fund of India (CFI) in 2018-19, even though the amended IGST Act now provides for a process for ad-hoc apportionment of IGST.

Meeting FY22 fiscal deficit target hinges on divestment

Meeting FY22 fiscal deficit target hinges on divestment

Rediff.com28 Dec 2021

After the government sought Parliament's nod for a second batch of supplementary demand for grants that will cause a hit of Rs 2.99 trillion to the exchequer, doubts suddenly arose about the government's ability to meet the Budget projections of reining in its fiscal deficit at 6.8 per cent of gross domestic product (GDP), or Rs 15.06 trillion, for the current financial year. Till now, many were of the opinion that the government would succeed in checking the deficit at a much lower figure than what was given in the Budget Estimates (BE). The government had sought Parliament's approval to spend Rs 3.74 trillion extra, but Rs 74,517.01 crore will be matched by equal savings on other heads.

Sri Lankan national lynched over blasphemy in Pak buried near Colombo

Sri Lankan national lynched over blasphemy in Pak buried near Colombo

Rediff.com8 Dec 2021

Sri Lankan national Priyantha Kumara Diyawadana, who was lynched by a mob in Pakistan's Punjab province over allegations of blasphemy last week, was buried according to Buddhist and Catholic rites at Ganemulla, a suburb north of Colombo, on Wednesday.

Govt may hike plan outlay by Rs 11,000 crore

Govt may hike plan outlay by Rs 11,000 crore

Rediff.com29 Jun 2014

The new government may enhance the Plan expenditure for 2014-15 by around Rs 11,000 crore (Rs 110 billion) in the Budget next month, which would be about 2 per cent higher than what was provided in the previous fiscal budget.

'Delighted to be back home': Jaitley returns from US

'Delighted to be back home': Jaitley returns from US

Rediff.com9 Feb 2019

Jaitley, who was the finance minister before a medical procedure led to the charge being temporarily taken away from him, missed presenting the sixth and final Budget of the Narendra Modi government before the general elections. In his absence, the charge of the ministry was given to Railways Minister Piyush Goyal.

Procurement process for armed forces to be expedited: Jaitley

Procurement process for armed forces to be expedited: Jaitley

Rediff.com24 Jun 2014

The 'slow pace' of acquisition of weapon systems is a matter of concern and the new government will work towards 'expediting' the procurement process to meet the requirements of the armed forces, Defence Minister Arun Jaitley said on Tuesday.

Mann ki Baat: PM Modi says Budget his 'exam' by 125 crore people

Mann ki Baat: PM Modi says Budget his 'exam' by 125 crore people

Rediff.com28 Feb 2016

Modi said he was "full of confidence" ahead of his "examination" by 125 crore people, a trait which he wanted students to emulate when they appear for their examinations.

'This could be the first in the history of this country'

'This could be the first in the history of this country'

Rediff.com8 May 2023

'The government or the ruling party has indicated indirectly that you are not supposed to publish anything critical of the government or the senior functionaries of the government.'

Cong to accommodate some G-23 leaders in key body

Cong to accommodate some G-23 leaders in key body

Rediff.com21 Mar 2022

The group is also reported to be seeking the ouster of some Rahul Gandhi loyalists from key AICC positions and top on their target are AICC general secretary Organisation K C Venugopal, chief spokesperson Randeep Surjewala and general secretary Ajay Maken.

Will Tendulkar be seen more often in Parliament post-retirement?

Will Tendulkar be seen more often in Parliament post-retirement?

Rediff.com10 Oct 2013

The contribution of nominated members to the proceedings of the Rajya Sabha has been anything but pathetic. Only time will tell if Sachin Tendulkar will prove an exception after his retirement? Anita Katyal reports

Budget: Here's what the industry leaders have to say

Budget: Here's what the industry leaders have to say

Rediff.com10 Jul 2014

The industry's reactions to the Budget have been mixed.

Services hit as PSU bank employees go on two-day strike

Services hit as PSU bank employees go on two-day strike

Rediff.com16 Dec 2021

Employees of public sector banks (PSBs) on Thursday went on two-day strike against the move to privatise public sector banks impacting normal banking operation across the country. Many branches across different parts of the country were shut as the United Forum of Bank Union (UFBU), an umbrella body of nine bank unions including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW) had given two day strike call. As a result, services such as deposits and withdrawal at branches, cheque clearance and loan approvals might be affected due to the strike. But ATMs are expected to function as usual.

'Chances of a smooth run of Parliament are remote'

'Chances of a smooth run of Parliament are remote'

Rediff.com25 Apr 2016

Ramesh says that since the attitude of the Narendra Modi government is deliberately provocative and confrontational, it should not expect cooperation from the Congress.

Bank unions plan 2-day strike from Dec 16

Bank unions plan 2-day strike from Dec 16

Rediff.com1 Dec 2021

The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, has given a call for a two-day strike from December 16 to protest against the proposed privatisation of two state-owned lenders. In the Union Budget presented in February, Finance Minister Nirmala Sitharaman had announced the privatisation of two public sector banks (PSBs) as part of its disinvestment plan. The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the past four years.

RLD chief files nomination for RS polls, says ties with SP to remain strong

RLD chief files nomination for RS polls, says ties with SP to remain strong

Rediff.com30 May 2022

Accompanied by Samajwadi Party chief Akhilesh Yadav, Chaudhary reached Uttar Pradesh assembly premises in the morning to file his nomination.

Suella Braverman quits as UK Home Secy over 'mistake'

Suella Braverman quits as UK Home Secy over 'mistake'

Rediff.com20 Oct 2022

"I have made a mistake; I accept responsibility; I resign," the 42-year-old barrister said.