-The Telegraph Public sector oil marketing companies yesterday raised the prices of diesel sold to bulk consumers like the railway and defence by Rs 1.20 a litre despite protests in Parliament last week. At the same time, oil companies reduced the price of domestic non-subsidised cooking gas by Rs 38 for a 14.2 kg cylinder. Following the revision, cooking gas will be sold at Rs 933 a cylinder in Calcutta and neighbouring areas...
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A bigger helping for food Bill
-The Business Standard FM allocates Rs 10,000 cr to implement the programme; this is apart from the usual food subsidy requirement of Rs 80,000 cr for the year The most ambitious social security programme of the government, the National Food Security Bill, got a leg-up in the 2013-14 Budget, with Finance Minister P Chidambaram allocating Rs 10,000 crore for implementing it. This allocation is over and above the usual food subsidy requirement of...
More »Budget 2013: CPI(M) Slams Tax 'Concessions' to the Rich
-Outlook The CPI(M) today castigated the government for foregoing over Rs 5.73 lakh crore as tax revenues by granting tax concessions to the rich, saying the amount was Rs 53,000 crore more than the fiscal deficit. "The budget proposals will further enrich the rich and impoverish the poor," senior CPI(M) leader Sitaram Yechury told reporters while reacting to the 2013-14 Budget. Quoting data presented in the budget, he said the aggregated revenue foregone...
More »Land acquisition bill to re-enter with 157 changes -Nitin Sethi
-The Times of India The UPA government is likely to reintroduce the Land Acquisition Bill with a mammoth 157 amendments in the budget session of Parliament. Out of the 26 'substantive' measure the government plans to push through includes a provision that in case of acquisition for urbanization purposes, 20% of the developed land would be reserved and offered to the original owners at a price equal to the cost of acquisition...
More »Ramesh Promises Corrective Measures on Poor Spending
-Outlook Rural Development Ministry could spend only Rs 55,000 crore out of the budget estimate of Rs 75,000 crore for its various flagship programmes in the current fiscal and Minister Jairam Ramesh says he owns responsibility for it. Despite the poor spending, Finance Minister P Chidambaram today allocated Rs 80,000 crore to the key social sector Ministry in this year's budget. Ramesh blamed "serious administrative weaknesses in the poorest states of India"-- Bihar,...
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