NEW DELHI: The road network in the country has witnessed a whopping over seven-fold increase at 3.89 lakh kilometres in the UPA-I and UPA-II regime, Finance Minister P Chidambaram Monday said. “In the year 2004, the country’s highway network was 51,511 km which has now reached 3,89,578 km Monday,” he said in his interim budget […]
NEW DELHI: Finance Minister P Chidambaram in his interim budget speech Monday announced a moratorium period for education loans taken up to March 31, 2009 which were outstanding as on December 31, 2013. Under this scheme, government will take over the liability for outstanding interest as on December 31, 2013, but the borrower would have […]
NEW DELHI: Analysts Monday termed the interim budget as an “election budget”, and cautioned the pre -polls “sweeteners”, especially excise duty cuts, will make it difficult to achieve the deficit target. Finance Minister P Chidambaram while presenting the ninth Budget Monday said the fiscal deficit for the current financial year will be contained at 4.6 […]
NEW DELHI: For every rupee in government of India kitty, as much as one-fourth will come from market borrowing in 2014-15, lower than the current fiscal ending March 31. The GoI’s dependence on debt has come down from 27 paise in the previous Budget to 25 paise in the coming year, reflecting ease of pressure […]
MUMBAI: The All India Gems and Jewellery Trade Federation (GJF) today expressed disappointment and shock at the interim Budget presented by Finance Minister P Chidambaram, and requested the government to bring down the import duties on gold to curb smuggling. “The entire Gems & Jewellery industry is deeply disappointed and shocked… Government seems to be […]
JAMMU: The Minister of State for Industries and Commerce, Sajad Ahmed Kichloo has urged for massive infrastructural support for facilitating growth of Industry and Commerce, which was imperative for employment generation and economic emancipation of the State. Speaking at a meeting with the heads of various departments and Public Sector Undertakings (PSU) under his change, […]
Mumbai: Stating that present tax system is hindering its progress, the electronics manufacturing industry has demanded implementation of GST in the next financial year. “While government is making all efforts to promote the electronics manufacturing, the anomalies in tax system are resulting in slowing down our progress and having a regressive impact on the industry,” […]
JAMMU: Minister for Agriculture, Ghulam Hassan Mir Sunday informed the House that 450 kanals of land was transferred to SKUAST-K for establishment of Krishi Vigyan Kendera (KVK) at Patushai, Bandipora. He said alternate site of 179 kanals of land was provided by District Development Commissioner, Bandipora to the villagers for grazing their cattle in the […]
KANDAHAR: Afghan President Hamid Karzai has expressed hope that Pakistan will provide access for a key transit route for trade between his land-locked country and India, underlining that commerce between the three nations is an essential element for their progress and stability. “The trade has to happen if they want to establish the region with […]
LAHORE: India has not received any formal application from Pakistan banks to set up branches, though three of them, including Muslim Commercial Bank, have showed interest, a senior official said. “Central banks of both the sides have in-principle agreed to permit banks to set up branches. Three Pakistan banks, including Muslim Commercial Bank, have expressed […]