-Tehelka Prime Minister announced increase in quantum of compensation for crop damage to affected farmers by 50 per cent. Showering a bright hope to small entrepreneur, Prime Minister Narendra Modi launched MUDRA (Micro Units Development and Refinance Agency) bank under the Pradhan Mantri Jan Dhan Yojana which will provide credit up to 10 lakh to small entrepreneur and act as a regulator for ‘Micro-Finance Institutions' (MFIs). The prime minister also announced increase in...

-Hindustan Times Prime Minister Narendra Modi on Wednesday launched the Mudra bank which will provide loans of up to Rs 10 lakh to small entrepreneurs including shopkeepers and beauty parlour owners, hoping that it will promote growth and create jobs. Short for Micro Units Development and Refinance Agency Bank, the financial institution will act as a regulator for micro-finance institutions (MFIs). Mudra Bank will have a corpus of Rs 20,000 crore, Modi said...

-The Telegraph New Delhi: Finance minister Arun Jaitley has slashed the overall allocation for Dalits and tribals in his budget compared with last year's proposals in a trend critics fear could see the "last man" gradually becoming the "lost man". The media, too, came in for criticism for giving the "impression" that the country had no SC/ST citizens. Jaitley yesterday set aside Rs 30,851 crore for Scheduled Castes and Rs 19,980 crore for...

**page** [inside]KEY TRENDS of the Union Budget 2023-24[/inside] Budget 2023-24 is the last full budget before the general election scheduled for 2024. An analysis of the budget allocations suggests that the union government has squeezed expenditure, particularly on food subsidy and the NREGA budget, while boosting Capital expenditure and giving the middle class tax benefits. Social sector activists working on Right to Food, the National Rural Employment Guarantee Act (NREGA) came out with...