People with agricultural land that they do not wish to cultivate will soon have the option of depositing it in government land banks that will offer them consistent monetary returns. With an incentive system broadly on the lines of a bank account, the public land bank will offer payments based on the tenure and size of the holding with additional benefits if the land is leased out. "A lot of land is...
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Slow progress mars effort to make Satara schools RTE compliant
-The Times of India The building of school infrastructure as per norms set by the Right to Free and Compulsory Education (RTE) Act, is moving at a rather slow pace in the neighbouring Satara district. This, despite the substantial financial allocations made through the central government's Sarva Shiksha Abhiyaan (SSA) programme. An independent assessment of 146 schools across Satara district, carried out by the New Delhi-based Centre for Policy Research (CPR), has...
More »Tainted babus can be tried even after retirement: Govt
-The Times of India The Centre on Wednesday said action against a corrupt government employee can be taken even after his retirement. Disciplinary proceedings instituted against central government officials can be continued even after their retirement and "if found guilty of grave misconduct, cut in pension can also be imposed under relevant Pension Rules", minister of state for personnel V Narayanasamy told Lok Sabha. In written reply to a question, the minister said...
More »Pranab banks on indirect tax hike-Ashok Dasgupta
Token relief to individual taxpayers will cost the exchequer Rs. 4,500 crore In a “pragmatic and domestic growth-oriented” budgetary exercise aimed at shoring up investor confidence and investment, Union Finance Minister Pranab Mukherjee on Friday sought to tap indirect taxes, especially service tax, to rake in an additional Rs. 45,940 crore into his kitty. Presenting the budget for 2012-13 in Parliament, Mr. Mukherjee provided a token relief to individual taxpayers that will cost...
More »Agri credit target increased by Rs 1 lakh cr for 2012-13
-The Indian Express Finance Minister Pranab Mukherjee today announced Rs 1,00,000 crore increase in the agriculture credit target to Rs 5,75,000 for the next fiscal and raised the outlay for farm sector by about Rs 3,000 crore. "Agriculture continues to be a priority to the government. The total plan outlay for agriculture and cooperation has been increased by 18 per cent from Rs 17,123 crore in 2011-12 to Rs 20,208 crore in...
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