Finance Minister P Chidambaram has raised the funds for administration of justice to Rs 253.12 crore (Rs 2.53 billion), compared to Rs 108.20 crore (Rs 1.08 billion) in the last Budget.
Finance Minister Nirmala Sithraman on Saturday proposed a budget of Rs 85,000 crore in 2020-21 for the welfare of Scheduled Castes and Other Backward Classes and Rs 53,700 crore for Scheduled Tribes.
Welcoming government's decision to keep the common man in focus in the Union Budget, country director of United Nations Development Programme Deirdre Boyd said the enhanced funding to social sector will also help India achieve the Millennium Development Goals.
The government has cut the budgets of some major central government funded public hospitals, indicating there could be more private sector expansion in health care.
She maintained that the allocation for increasing agricultural productivity and irrigation, among several other subjects, were too less to usher in any significant growth.
The opposition has attacked the Modi government over the National Democratic Alliance's last full-fledged budget before the 2019 Lok Sabha elections.
M R Venkatesh gives 7 reasons on why the so-called farmers' budget is an eyewash.
Irrigation woes have contributed to the problem of stubble burning in the state, reports Sarthak Choudhury.
Housing sector to benefit from Budget.
'An expanding army, rising salaries due to the 7th pay commission, and raised pensions due to OROP are consuming money at the cost of badly needed bulletproof jackets, rifles, artillery, submarines, warships and fighter aircraft,' notes Ajai Shukla.
On February 28, 2007, Finance Minister P Chidambaram will present the Union Budget for the fiscal year 2007-08. We present to you some FAQs on the event.
In fact, almost the entire increase in the allocation for the civil aviation ministry was cornered by the National Aviation Company of India Limited; it was earmarked Rs 8,165.64 crore as against the revised estimate of Rs 4,136.89 crore for 2008-09. The ministry received a total allocation of Rs 12,164.76 crore, compared with the revised 2008-09 estimate of Rs 7,490.06 crore, a hike of almost Rs 4,675 crore.
Given the prevailing uncertainties, investors must maintain a 10-15 per cent allocation to gold in 2023.
Indian billionaires saw their combined fortunes more than double during the COVID-19 pandemic, and their count shot up by 39 per cent to 142, while the wealth of the ten richest is enough to fund school and higher education of children in the country for 25 years, a new study showed on Monday. In its annual inequality survey released on the first day of the World Economic Forum's online Davos Agenda summit, Oxfam India further said that an additional one per cent tax on the richest 10 per cent can provide the country with nearly 17.7 lakh extra oxygen cylinders, while a similar wealth tax on the 98 richest billionaire families would finance Ayushman Bharat, the world's largest health insurance scheme, for more than seven years. The COVID-19 pandemic saw a huge rush for oxygen cylinders and insurance claims during the second wave last year.
In July last, fares were increased by 14.2%.
The Airport Authority of India, Prasar Bharati, Food Corporation of India and fertiliser and pharmaceutical PSUs have seen a significant increase in budgetary support this year. However, the railways and Delhi Metro, the lifeline of the capital, got less due to improved operational strengths. The Plan investment figures for public enterprises indicate not a single rupee has been earmarked for any PSU under the ministries of petroleum and natural gas, mines, coal etc.
The larger virtue of maintaining fiscal credibility should not be unduly diluted by quibbles on the fiscal math, says Sajjid Chinoy.
Besides advancing the presentation of the Budget to perhaps the first week of January, , there are four new initiatives that could be rolled out from the next Budget, says A K Bhattacharya.
They said that massive public investment in infrastructure, social sectors and agriculture would generate employment and the Union Budget should give it a priority and allocate necessary funds for this.
The bench gave liberty to Sharad Pawar to move the poll panel for allocation of the party symbol and directed the poll panel to allot it in one week of the application.
The macroeconomic environment has changed dramatically for the better.
'Investors need to have a fairly diversified basket of funds within equities.' 'We want them to allocate to largecap funds, midcap funds and flexicap schemes.'
RJD president Lalu Prasad on Thursday said Railway Budget has cheated people as it has nothing to offer.
Thus far in 2017-18, FIIs and MFs have invested Rs 198.91 billion and Rs 1,119.49 billion in the Indian equity markets. Of this, around Rs 152.46 billion has come in January alone.
The National Health Protection Scheme -- announced by the finance minister -- is aimed at benefiting 10 crore poor families by providing coverage of up to Rs 5 lakh per family per year.
In a recent letter to the power ministry, the Planning Commission recommended allocation of Rs 10,630 crore (Rs 106.3 billion) gross budgetary support for the ministry.
Yechury said the aim should be how to protect our economy from slowdown
The Budget oration of the finance minister and the confidence with which she delivered it, along with the measures and the recent upsurge in the economy would all contribute to unleashing the storied 'animal spirits' and help the economy run on the growth path quite smoothly. Or so the government hopes, notes Shreekant Sambrani.
Investment guru and mutual fund expert Ashok Kumar, answers all your MF related queries.
Reeling under a series of derailments, the Budget is likely to announce creation of a separate safety fund of about Rs 1 lakh crore over the next five years.
The opposition parties will meet on Monday morning to evolve their strategy in both Houses of Parliament after protests by them on the Hindenburg-Adani issue overshadowed most of the first half of the Budget session.
Two years after the Centre's flagship village electrification scheme Saubhagya concluded with the government claiming 99.9 per cent success, several states have added close to 1.1 million rural households that remain to be connected to the electricity grid. This new list includes earlier unwilling households that have now agreed to have a metered connection and also those built or discovered in the states' surveys since 2019. Assam and Uttar Pradesh are the states that have the majority of such new additions.
33 per cent of all road accidents and 35 per cent of fatal accidents took place on national highways and expressways.
To cover most of the gap, the road ministry plans to raise $7 billion.
Listen to what Taher Badshah, Sr. Fund Manager & Co Head - Equities, Motilal Oswal Asset Management, has to say.
The ministry of minority affairs informed the Lok Sabha that in 2022-2023, it had been allotted Rs 5,020.5 crore (Rs 50.20 billion); in the Revised Estimates, it had got Rs 2,612.66 crore (Rs 26.12 billion); and had spent, until the end of March this year, Rs 712.5 crore (Rs 7,12 billion).
Presently, customs duty on natural rubber, the principal raw-material for tyres is 20 per cent, whereas the customs duty on tyres (the finished product) is 10 per cent, or even lower depending upon preferential/concessional tariff under various regional/bi-laterial trade agreements.
Pulbic banks have no reason to cheer Budget announcement.
Steps will be taken to attract external commercial borrowing and FDI in the education sector, the finance minister said. Stating that govt will soon introduce new education policy, Sitharaman said online degree courses to students from weaker sections.
