Virtually ruling out rollback of 3% hike in excise duty on SUVs, finance minister P Chidambaram today assured India Inc that a clutch of decisions, mainly on indirect taxes, would be announced during the course of debate on budget and Finance Bill in Parliament.
Raising hopes of a sovereign credit upgrade, global rating agency Moody's on Monday applauded finance minister P Chidambaram's Budget saying that it pursues realistic fiscal consolidation path and is 'credit positive'.
If all the supportive policies are in place and confidence improves, then we can hope to see some recovery in investment in late 2013 or 2014. A good budget is important but we have to be patient as well., writes Samiran Chakraborty
MNREGA has led to perhaps the largest financial inclusion drive in recent times. Now the focus should be on transparency in its execution, writes Reetika Khera.
Expressing commitment to resolving all outstanding issues with Pakistan through dialogue, India today said it looks forward to building upon progress made so far while being mindful of the need for Pakistan to take credible action against terror groups and infrastructure.
BJP today promised that it would not disrupt railway budget presentation and said it has given notice for adjournment motion in Lok Sabha to discuss price rise after deliberation in the Rajya Sabha tomorrow.
As Finance Minister Pranab Mukherjee prepares for a balancing act between raising revenues and cutting expenditures in the upcoming Union Budget, states across the country are already bracing for a return to fiscal prudence, reports Abhijit Patnaik.
The Unique Identification Authority of India (UIDAI) is likely to spend Rs. 200 per head for providing a 16-digit number to people as the allocation for the ambitious project may see a 20-fold increase in the 2010-11 Union Budget.
With the Opposition all set to raise the issue of price rise in the Budget session of Parliament from Monday, Union Agriculture Minister Sharad Pawar said on Saturday that he is ready to "face the attack".
This decade may mark the beginning of uncertain monsoon behaviour, extreme weather events, and serious threats to food, water and rural livelihood security.
The exercise to make the budget is a long-drawn one that deftly juggles political interests, conflicting demands, logistical pressures and the need for utmost secrecy over the country’s annual financial event.
Railway Minister Mamata Banerjee on Thursday met Finance Minister Pranab Mukherjee during which she is understood to have pressed for additional allocation for the railway safety fund.
New Delhi and Dhaka would develop infrastructure along the border and simplify trade barriers to boost business between Bangladesh and northeast India, officials said in Agartala on Thursday.
Giving a push to its rural development projects, government today announced a 144 per cent jump in the allocation for the flagship job guarantee scheme, NREGA, and 45 per cent hike for the Bharat Nirman programme that seeks to improve infrastructure in villages.