'We now look at divestment as an opportunity for maximising the value of public assets, not necessarily as a short-term resource-raising measure.'
The privileges committee of the Maharashtra legislature will issue a show cause notice to stand-up comic Kunal Kamra for his remarks against Deputy Chief Minister Eknath Shinde. Shiv Sena (UBT) leader Sushma Andhare will also receive a notice.
The total allocation to the defence sector is 12.9 per cent of the total budget of the government of India for the financial year 2024-25.
Ahead of the new government assuming office later this month, the finance ministry has begun the Budget-making exercise to enable the incoming finance minister to present the full-fledged Budget for 2009-10.
Finance Minister Nirmala Sitharaman will have to do a tight-rope walk between staying fiscally prudent and general public expectations of lower taxes and a wider social security net, while at the same time firing the engines of the economy before general elections. Sitharaman will on Wednesday present her fifth straight Budget at a time when the economy is slowing due to global headwinds and specific sectors need attention. In the run-up to the Budget presentation, expectations are rife that she may tweak income-tax slabs to provide relief to the middle class and increase spending on the poor through programmes such as the rural job scheme while ramping up financial incentives for local manufacturing.
A large number of officials and support staff, who are directly associated with the Budget making and printing process, are now required to stay in the ministry and remain cut off from their families till the presentation of the Budget in the Lok Sabha.
Here is a quick round up of what budget 09-10 is expected to hold for the Indians this coming year.
A total of Rs 101.29 crore has been allocated to Lokpal for 2019-20, according to the budget presented on Friday by Finance Minister Nirmala Sitharaman.
She said crucial elections are going on now, and stressed that she is not important but the issues of the country are.
While Andhra Pradesh is expected to receive Rs 15,000 crore to Rs 20,000 crore, Bihar is likely to get Rs 5,000 crore to Rs 10,000 crore in FY25.
The key numbers in Mr Jaitley's Budget will be looked at closely to assess the extent of revisions they represent over what Mr Chidambaram had presented in February.
The Interim Budget highlights the focus on aam aadmi in the development process. The year 2008-09 has seen substantial increase in outlays spanning across sectors.
Do you think this move will help the BJP win the ensuing elections? Tell us.\n\n
The first two days of the session will be devoted to swearing-in of the newly elected MPs while the Lok Sabha speaker will be elected on June 19.
'With new projects and recently awarded projects kicking in, capital expenditure should only increase going forward.'
The expansion of existing airports and development of new airports will continue expeditiously, Finance Minister Nirmala Sitharaman said on Thursday and emphasised that the country's aviation sector has been galvanised in the past 10 years.
The 1.4% decline projected for 2025 is driven by a 5.6% (72,000) dip in the strength of railway employees to 1.2 million by next year.
The finance ministry is racing to prevent a situation in which a second vote-on-account would be required. This is why it has announced it will present its Budget on July 6, and aim to get it passed in Parliament by July 31.
Finance Minister Nirmala Sitharaman on Thursday said projects for port connectivity, tourism infrastructure and amenities will be taken up 'on our islands, including Lakshadweep' to address the 'emerging fervour' for domestic tourism in the country.
'Personal income tax is growing by 27 per cent and most refunds have already been issued.'
India has allocated Rs 1.72 trillion, or 27.67 per cent of the total defence budget to cater to modernisation of the country's arsenal. Modern militaries spend up to 50 to 60 per cent of their total defence budget so that they go into combat with superior weaponry and equipment.
Rediff.com's Shailajanand Mishra discovers that the Sensex has fallen 12 times on the 20 Budget Days since this century began.
Net direct tax collection grew 21 per cent to over Rs 4.62 lakh crore so far this fiscal, on higher advance tax payment by corporates.
Structural reforms, pro-people programmes and employment opportunities helped the economy get new vigour, the finance minister said. After contracting by 5.8 per cent in 2020-21, the economy recorded a growth of 9.1 per cent in 2021-22.
Parties including the Congress, Left, the Samajwadi Party and the Bahujan Samaj Party have written to the Election Commission and the President opposing the advancing of the budget presentation to February 1 before the polls.
Presenting the interim budget for 2024-25, she said the government is working with an approach to ensure development that is all-round, all-pervasive and all-inclusive.
The finance minister could review customs duty on crude oil, other exemptions.
The final Budget for the fiscal is likely to be tabled in July after formation of the new government.
'The Budget needs to focus more on social welfare schemes.'
Setting at rest speculations of an vote-on-account next year, Finance Minister Jaswant Singh on Friday said the government will present a 'full budget,' as the prime minister had made it clear that there would be no early Lok Sabha elections.
The interim dividend will help Narendra Modi-led government partly bridge the deficit its budget had developed after the announcement of a Rs 75,000 crore a year cash dole scheme for small farmers.
Auto makers Tata Motors and General Motors India on Monday announced they will cut prices of their products after Finance Minister P Chidambaram decided to reduce excise on automobiles in the interim Budget 2014-15.
The Budget will be presented in the first week of July, Finance Minister Pranab Mukherjee said.
'We crossed Rs 1.7 trillion in three months this financial year.'
Pranab Mukherjee's speech was so boring that half of the Treasury benches were found napping. Newsmen peeped from the Press Gallery to see the mood of the MPs.
Leaving direct taxes untouched, Finance Minister P Chidambaram today slashed excise duty on cars, SUVs and two-wheelers, and capital goods and consumer durables to boost manufacturing and growth.
Investors lost close to Rs one lakh crore (Rs 1 trillion) on Monday as the market gave a thumbs down to the interim Budget FY'2009-10, which failed to provide any sops for key sectors.
Elections may be a few months away, but the government may get into election mode much earlier than that, predicts A K Bhattacharya.
The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates.
