On March 13, Minister of State for Finance Pankaj Chaudhary had tabled the second batch of supplementary demands for grants in the House amounting to a total of Rs 2,70,508.89 crore.
The Union Budget for 2017 is likely to be presented on February 1. An approval for merging the Railway Budget with the General Budget was accorded by Finance Minister Arun Jaitley on Monday.
Let there be a rule that if the Budget is not passed and funds cannot be drawn from the Consolidated Fund of India, there will be a government shutdown as it happens in the United States, says A K Bhattacharya.
The hope that the ongoing 13th round of negotiations towards an India-UK free trade agreement (FTA) could conclude with a deal for British Prime Minister Rishi Sunak to sign off in time for the India versus England World Cup cricket clash in Lucknow on October 29 seem to be fading, according to a UK media report on Wednesday. The Financial Times quoted officials briefed on the negotiations to say that a lack of movement towards opening up of the Indian market to British professional services in the field of law and accountancy is among the factors for the slowdown. So much so that cricket fan Sunak's proposed return visit to India after an inaugural visit as UK Prime Minister to New Delhi for the G20 Summit last month is looking "very, very unlikely to happen".
While the session will begin with the President's address to the joint sitting of the two Houses, the same day the pre-budget economic survey will be tabled.
Sunak, who formally launched his campaign earlier, remains the frontrunner in the race with reportedly the highest number of MPs behind him.
'The role of Parliament is to hold the government of the day, whichever party is in power, accountable for its actions, policies.' 'The amount we are wasting on Parliament is a very miniscule amount. But the cost of delay in policy-making is huge and that affects the entire nation.'
The Parliamentary Standing Committee on Commerce has observed that a massive shortfall in the budgetary allocation of over Rs 1,900 crore by the finance ministry to the industry department may have an adverse impact on the implementation of infrastructure (infra) projects in 2022-23 (FY23). While the Department for Promotion of Industry and Internal Trade (DPIIT) had sought Rs 10,267 crore from the finance ministry for FY23, it received Rs 8,348-crore allocation. For the National Industrial Corridor Development & Implementation Trust (NICDIT), the finance ministry has allocated Rs 1,500 crore instead of Rs 2,400 crore demanded for the project.
The government has given up plans to reconvene a parliament session to secure approval for a common goods and services tax.
The Reserve Bank of India on Thursday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance against the backdrop of an elevated level of inflation.
The 42-year-old British Indian MP for Richmond in Yorkshire maintains his lead in the race to replace Boris Johnson as nominations formally opened for the contest.
'If the Kukis and Meiteis are the warring groups, then we need to find space for a third group which can mediate between the two.'
The Shram Shakti Bhavan and Transport Bhavan in Lutyens' Delhi will be the first two buildings to be razed to pave the way for the construction of chambers of members of Parliament there as part of Central Vista redevelopment project.
Former Chancellor Rishi Sunak extended his lead in the United Kingdom prime ministerial race on Wednesday with the highest number of votes at 88 in the first round of voting by Conservative Party MPs, which narrowed down the race from eight to six candidates on the shortlist.
The redevelopment project of the Central Vista -- the power corridor of the country -- envisages a new triangular Parliament building, a Common Central Secretariat and the revamping of the three-km-long Rajpath from the Rashtrapati Bhavan to India Gate and new residences for the prime minister and the vice president.
The executive enclave will house the new Prime Minister's Office, Cabinet Secretariat, India House and the National Security Council Secretariat.
The man who could well have been a high-level corporate may have to content himself being deputy chief minister. But other challenges await.
The 41-year-old 'young gun' travelled the length and breadth of the state to strengthen the party at the grassroots level and ensure its comeback.
Earlier this month, the Central government said in a reply in Parliament it had taken measures to double farmers' income by the end of FY23 and the progress made so far indicated it was "on the right track". However, a close look at the data and at the assumptions made shows that as of now, it appears the country is unlikely to achieve the goal in real terms.
An ordinance to amend a law to reduce the salaries of MPs by 30 per cent for one year "to meet the exigencies arising out of COVID-19 pandemic" was promulgated.
The government should not go in for an 'aggressive fiscal consolidation' in the upcoming Budget as global risks have not abated, RBI Monetary Policy Committee (MPC) Member Ashima Goyal said on Wednesday. Goyal further said subsidies are expected to come down as food and energy inflation moderates. WPI inflation in food articles in November was 1.07 per cent against 8.33 per cent in the previous month.
The first round of ballots will be cast on Wednesday in the race to elect a new Conservative Party leader who will succeed Boris Johnson as United Kingdom Prime Minister, with British Indian former finance minister Rishi Sunak holding on to his lead.
The studies found that sectors with the highest unaccounted income included real estate, mining, pharmaceuticals, pan masala, gutkka and tobacco, bullion and commodity markets, film industry, educational institutes and professionals.
The move came hours after Khan was removed from office through a no-confidence vote held early Sunday morning, becoming the first premier in the country's history to be sent home after losing the trust of the House.
The government has no plan to print currency notes to tide over the current economic crisis triggered by the outbreak of COVID-19 pandemic, Finance Minister Nirmala Sitharaman informed Parliament on Monday. To a question on whether there is any plan to print currency to tide over the crisis, the finance minister said, "No Sir". Many economists and experts have suggested to the government to print more currency notes to tide over the difficult economic situation with a view to support the economy ravaged by the spread of COVID-19, and protect jobs.
The Central Vista revamp, announced in September, 2019 envisages a new triangular Parliament building, with seating capacity for 900 to 1,200 MPs, that is to be constructed by August, 2022 when the country will be celebrating its 75th Independence Day.
Nirmala Sitharaman's messaging was clear when she presented a well-balanced Budget with an eye on state elections in nine states followed by a general election next year, observes Ramesh Menon.
If Kerala wants to sustain its room for independent thinking and talk back to Delhi when needed, it should put its finances in order. Or - if one takes the North East example - Kerala's political posturing may end up commensurate with its financial dependence on others, suggests Shyam G Menon.
On his maiden visit to Beijing, Pakistan Prime Minister Shehbaz Sharif held talks with Chinese President Xi Jinping during which the two leaders agreed to strengthen the all-weather friendship and the USD 60 billion China-Pakistan Economic Corridor (CPEC).
The decision came after a storm was kicked up by the ruling party members on Thomas' statement earlier this week that the PAC can call the PM to depose on the note ban issue.
India's economic growth is estimated to have slowed down to 11-year low of 5 per cent during the current financial year ending March 2020.
India is among 75 countries with which Switzerland's Federal Tax Administration has exchanged information on financial accounts within the framework of global standards on Automatic Exchange of Information.
Behind the scenes, sponsors who have pumped billions of dollars into the Tokyo Olympics have grown increasingly nervous about how the coronavirus outbreak will impact the tournament.
Speculation is rife that Trump may skip Sabarmati Ashram to make time for a visit to Agra, Vinay Umarji reports.
The Committee on Public Undertakings (COPU) of Parliament has summoned the telecom secretary R Chandrasekhar on Tuesday to estimate the loss suffered by public sector undertakings BSNL and MTNL in the 2G and 3G spectrum allocations.
Influential Patel community leader Parshottam Rupala, minister in the first Narendra Modi government Mansukh Mandaviya and three-time MP Darshana Jardosh, all from Gujarat, were among those inducted in the Union cabinet on Wednesday.
The controversial Antrix-Devas deal will now come under the scrutiny of a Parliamentary panel. Parliament's Committee on Estimates has decided to examine the allocation of S-band spectrum by Indian Space Research Organisation (ISRO) with special reference to the Antrix-Devas deal, an official said.
With the expert panel's recommendations, the project comes a step closer to getting the environment clearance (EC), to be given by the Union Environment Minister.
'To bring about a paradigm shift in farmers's income, we need to change our approach to agriculture, and transit from the narrow prism of cultivation to a full-fledged enterprise, by building all associated supply chain linkages.' 'This alone will make the farmer an entrepreneur in his own right.'
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances