In the backdrop of climate change and other environmental challenges, Kerala announced a Rs 1000-crore 'Green Fund' for the next five years while earmarking an initial provision of Rs 100 crore in the budget for 2010-11. State Finance Minister T M Thomas Isaac, who presented the budget in the state assembly, said the fund would be utilized to take up projects to preserve natural assets like forests and promote green...

The Supreme Court has ruled that fast-track courts, set up to ease the load of pending cases in subordinate courts, will continue to function in all states till further orders. Most of these courts were created under a centrally funded scheme on April 1, 2001, and were expected to lapse within five years. But they have since been given repeated extensions, the last one valid till March 31, 2010. “The scheme will...

Much of the daylight robbery in the name of Commonwealth Games has been justified in the name of "National Prestige" and "World class aspirations. Whether all these surreptitious measures will eventually deliver the games is an open question? The Commonwealth is a 'friendly' association of those 72 colonies which were once part of the British Empire and rose to free nationhood - some through protracted struggle and others through negotiation. In...

Bhubaneswar: Poor budgetary expenditure has been a cause of headache for the state government with less than a month left for the end of this fiscal. An official review revealed that the government departments had been able to spend only 56 per cent of budgetary allocations on an average by January-end. Interestingly, the steel and mines department tops the laggard departments showing the lowest expenditure of 5 per cent, followed by co-operation...

This is a budget crafted for, and perhaps by, the corporate farmer and agribusiness. The real heroes of India's success story were our farmers. Through their hard work, they ensured “food security” for the country.— Pranab Mukherjee, interim budget speech Feb. 16, 2009 This Budget belongs to 'Aam Aadmi'. It belongs to the farmer, the agriculturist, the entrepreneur and the investor. — Pranab Mukherjee, budget speech, Feb. 26, 2010 Gee! Another pro-farmer budget....