-The Times of India An ongoing exercise at the Planning Commission lays bare Bihar's ambitious growth agenda. Its total plan outlay for the 12th five-year plan (2012-17) at Rs 2.69 lakh crore is more than what a fast growing state like Gujarat has spent in the last 50 years. Bihar's projected expenditure in the next five years will be the third highest among all states, next only to Andhra Pradesh and Maharashtra. The...
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Nitish Kumar bags Rs 20,000 crore package from Centre-Mahendra Kumar Singh
Days after he broke away from the NDA over choice of the presidential poll nominee, Bihar CM Nitish Kumar has managed to get the Centre to double the special assistance package to Rs 20,000 crore during the 12th five year (2012-17) plan. The state will get Rs 4,000 crore every year as central package. Although the assistance was promised at the time of its separation from Jharkhand, it was pegged at...
More »Delhi rolls out crores for roads-Ramashankar
Sitamarhi, June 16: The Union rural development ministry has approved construction of 6,000km road in Bihar under Pradhan Mantri Gram Sadak Yojana (PMGSY) during the current financial year at a cost of Rs 3,200 crore. Union rural development minister Jairam Ramesh made this announcement after a review meeting with officers at Sitamarhi circuit house today. The minister, who is on a two-day visit to the state, told reporters that the ministry...
More »Austerity measures likely to help government save Rs 1,000 crore-Pradeep Thakur
-The Economic Times The austerity measures announced by finance minister Pranab Mukherjee are likely to help the government save between Rs 800 crore and Rs 1,000 crore, said a senior finance ministry official. The government has decided to cut down on foreign travels of ministers and official delegations and has put a ban on creation of plan and non-plan posts The figure is based on preliminary estimates. In addition, the 10% cut...
More »Pranab urges States to use Aadhar platform
-The Hindu In yet another move to curb wasteful expenditure after launching an austerity drive in Ministries, Central departments as also autonomous bodies, Finance Minister Pranab Mukherjee on Thursday pitched for streamlining the delivery mechanism for distributing subsidised commodities such as food ration, cooking gas and all other targeted government schemes for the ‘Aadhaar' platform. In a letter to Chief Ministers of 16 States and Union territories, Mr. Mukherjee said: “...given the...
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