Modi has appointed P K Sinha, who superannuated as cabinet secretary on Friday, as Officer on Special Duty (OSD) in the Prime Minister's Office (PMO), he said.
It is the anti-rape law that poses the biggest challenge.
Rajya Sabha will sit for late hours in last week of the first half of the budget session from Monday to clear the pending legislative and other businesses.
Likely to be merged with Union Budget from FY18
Passengers travelling in all AC classes and first class will have to pay charges in addition to the recent hike in train fares with the General Budget on Friday bringing journeys in them under the ambit of service tax.
ONGC will invest Rs 35,049.23 crore (Rs 350.49 billion) in 2013-14 as compared to revised capital expenditure of Rs 33,577 crore (Rs 335.77 billion) in the current fiscal, according to the 2013-14 General Budget documents.
Usually, the chair in the Upper House reads out obituary references before members rise as a mark of respect to the memory of the departed.
Against the backdrop of stiff opposition by UPA constituent Trinamool Congress to FDI in retail and rail fare hike, Prime Minister Manmohan Singh on Friday said the government will consult allies and take them on board whenever "tough" decisions are taken.
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level.
Former Law Minister Ram Jethmalani today asked the Government to produce all documents and correspondence for agreements with various countries to bring back black money stashed away abroad.
The Bharatiya Janata Party (BJP) on Monday criticized the Union Budget 2012-13 saying it has "dampened" economic sentiments as almost all services have been brought under tax ambit.
Congress ministers on Friday hailed the General Budget as "balanced, thoughtful and forward looking" which would lay the foundation for fiscal consolidation but ally Trinamool Congress dismissed it as "status-quoist".
In order to augment funds for SMEs (Small and Medium Enterprises), Finance Minister Pranab Mukherjee, in the General Budget 2012-13 presented in Lok Sabha, has proposed to exempt capital gains tax on sale of a residential property, if the sale consideration is used for subscription in equity of a manufacturing SME company for purchase of new plant and machinery.
CPI (M) leader Brinda Karat felt the government's Budget did very little for the common man and only catered to certain sections of the country.
The Congress core group met at the prime minister's residence late on Wednesday night and weighed options to deal with the demand made by Trinamool Congress chief Mamata Banerjee to sack Railway Minister Dinesh Trivedi.
For example, railways, roads and highways, and shipping could form a section within the Budget as an omnibus transport sector
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.
Mukherjee said the high inflationary pressure, specially in food and some non-food articles, existed in other emerging economies also.
Participating in the resumed discussion on the General Budget in the Rajya Sabha, Communist Party of India-Marxist leader Brinda Karat said the government is linking food inflation to higher purchasing power among the poor resulting from employment programmes like Mahatma Gandhi National Rural Employment Guarantee Scheme.
Opposition parties on Monday came down heavily on General Budget 2011-12 dismissing the exercise as "very disappointing and directionless" and said it has failed to address the problems of unemployment and price rise affecting the common man.
Urban Development Ministry had in June last year released the guidelines.
Going by the number of changes Mr Jaitley's next Budget is likely to see, he will go down in the history of Budget-making as the finance minister who ushered in the largest number of changes in a single Budget, says A K Bhattacharya.
India's food processing minister Subodh Kant Sahay on Thursday met Finance Minister Pranab Mukherjee in New Delhi ahead of the general\nbudget on July 6.
In a bonanza for lawmakers, Finance Minister Pranab Mukherjee on Friday announced that the constituency fund of Members of Parliament will be more than doubled to Rs 5 crore per year from April 1.
More emphasis on investment in agriculture, increasing expenditure on education and tackling price rise were some of the demands made by members in the Lok Sabha on Wednesday during the discussion on the General budget for 2011-12.
The Budget session of Parliament will begin on February 21 and the General Budget will be presented to Lok Sabha on February 28.
The budget session of Parliament will begin on February 21 and the general budget is slated to be presented to Lok Sabha on February 28.The decision to recommend the date for convening of the session to the President was taken at a meeting of the Cabinet Committee on Parliamentary Affairs chaired by Finance Minister Pranab Mukherjee, who is also Leader of the House in Lok Sabha.
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
The Rajya Sabha gave its nod to the Railways for withdrawing additional funds of Rs 1024.61 crore (Rs 10.24 billion) for 2010-11 amidst din.
The Budget session of Parliament will begin on Feb 21 and the general budget is slated to be presented to Lok Sabha on Feb 28.
The clarification comes in wake of media reports that Finance Ministry is contemplating to merge the Railway and General budgets and change the financial year.
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.
Participating in a debate on General Budget, Trinamool member Ratna De said the imposition of 10.5 per cent service on rail freight had 'nullified' the 'inflation neutral Rail Budget presented by our leader Mamata Banerjee.'
Minister of Petroleum & Natural Gas Murli Deora has welcomed the General Budget for 2010-11 presented by the finance minister on Friday in the Lok Sabha.
Finance Minister Pranab Mukherjee said the Indian Infrastructure Financial Corporation Limited (IIFCL) will evolve a financing mechanism for giving increased support to infrastructure projects.
Replying to a question during the debate on the General Budget in the Rajya Sabha on Tuesday, Mukherjee said he was expecting a double-digit inflation rate in March itself. The general inflation was at 9.89 per cent in February.
The Bharatiya Janata Party on Friday said the general budget 2010-11 would fuel inflation in food articles, health, education and housing making the life of common man more difficult.
The hospitality and travel industry players expressed disappointment after the General Budget 2009-10 announcements, with the sector not even finding a mention in the finance minister's speech.
During the last few years, finance ministers like P Chidambaram and Jaswant Singh limited their pre-Budget discussions to representatives from the industrialists' lobby, economists, farmers and trade unions. This time, Pranab Mukherjee has held exclusive meetings with exporters, the financial sector, electronics and information technology. He will also hold a meeting with the finance ministers of the states.
The entire Opposition walked out of the Lok Sabha during the presentation of budget by Finance Minister Pranab Mukherjee, dubbing it 'highly inflationary' as he partially rolled back the stimulus by hiking the ad velorum component of excise duty on large cars and multi-utility vehicles by two per cent to 22 per cent.
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