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Allow multi-brand retail FDI in a phased manner

The Economic Survey made a case for opening up the Rs. 22 lakh crore multi-brand retail sector to foreign direct investment (FDI), suggesting that FDI in the sector could be allowed in a "phased manner".

Ports need cash push for growth

As a part of its capacity augmentation and efficiency improvement programme, the Indian ports sector needs Rs. 1.6 lakh crore in investments, the Survey has said.

Allow foreign carriers to invest in local ones

The current government policy on foreign direct investment (FDI) in aviation that bars foreign airlines from investing in Indian carriers is depriving the latter access to potential sources of capital and expertise, the Survey has said.

Amid increasing deficit, NRHM gets little boost

Malnutrition got a renewed focus in the budget with allocation for child nutrition scheme increased by 58 % and Asha worker in each village to be designed as nodal person for initiative on malnutrition. HT reports.

Budget blues for tea industry

Stakeholders are crying "neglect" with the general budget failing to dole out sops for the tea industry. Amitava Banerjee reports.

Rural job plan fund down by Rs. 7,000 crore

The annual allocation for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS), the flagship social security programme of the UPA government, has been scaled down from last year’s Rs. 40,000 crore to Rs. 33,000 crore in this budget. HT reports.

Education budget rises by 18%

Finance minister Pranab Mukherjee has allocated Rs. 61,427 crore for education in his budget — 18% more than last year’s Rs. 52,057 crore. HT reports.

FM's budget tunes in to food security

No big bets. Given that the political environment is risky, no blockbuster reforms either. Yet, finance minister Pranab Mukherjee has delivered one of India's most farm-friendly budgets in decades.

Direct cash transfer for PDS opposed

Finance minister Pranab Mukherjee's announcement about direct cash transfer of subsidies for kerosene and most likely for food under the Public Distribution System (PDS), has drawn flak from activists across Delhi.

UIDAI to help govt cut subsidy burden

With leakage-proof delivery of subsidies being crucial for easing the government's funding burden, the Unique Identification Authority of India (UIDAI) is set to play an important role as the finance minister aims to bring the fiscal deficit below 5% by end of the next financial year. HT reports.

Fixing PDS: The race against time

India's public food distribution system or PDS - the world's largest social security net - has long been riddled with holes, through which precious food and money were being stolen.

On cards: Green revolution 2.0

When rice harvest from the kharif (summer) crops surged to an estimated 100 million tonnes in 2011, policymakers knew they had quietly pulled off a much-needed milestone -- a second version of the green revolution in India's east.

Finally, irrigation relief for Vidarbha

Succour is finally on the way for farmers at the 'killing' cotton fields of Vidarbha, which continues to be in the news for escalating farmer suicides.

More funds to help train youth for jobs

Skill development received a boost from finance minister Pranab Mukherjee with the allocation of Rs. 1,000 crore to the National Skill Development Fund for 2012-13.

To pull down food inflation, Pranab earmarks Rs. 3,251 cr for horticulture

At a time when vegetables continue to drive India's food inflation, finance minister Pranab Mukherjee's budget on Friday tried to provide an antidote by enhancing allocation to increase production of horticulture and vegetable crops.
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What do you expect from Budget 2012?

The Budget 2012-13 will be presented on March 16 by the Union finance minister Pranab Mukherjee. Share with us your views and expectations from the finance minister on this year's budget.