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New Delhi, Mar 19(ANI): Union Cabinet on Friday approved the proposal for revival of National Jute Manufactures Corporation (NJMC) Ltd
According to the revival plan the Corporation would restart production in three mills out of total six closed mills.
This will lead to an additional production of jute products and value addition.
The mills approved for revival are [...]

New Delhi, Aug 21(ANI): The Government on Friday said that the National Literacy Mission is being recast, so that, 80 per cent coverage of the mission is of women, whose literacy rate at present is at an unacceptable level of 54 per cent.

Union [...]

New Delhi, Aug 20 (ANI): The Union Cabinet today approved the relaxation of the Debt Consolidation and Relief Facility (DCRF) guidelines, to enable the States to borrow upto four percent of their respective Gross State Domestic Product (GSDP) during 2009-10.

The States will not lose the benefits of [...]

New Delhi, July 6 (IANS) The government has earmarked Rs.15,740.02 crore ($3.2 billion) for the two state-run telecom majors in the budget for 2009-10 presented by Finance Minister Pranab Mukherjee in parliament Monday.
According to Mukherjee, Bharat Sanchar Nigam Ltd (BSNL) will get Rs.14,015 crore as budgetary allocation, while Rs.1,725.02 crore will be provided to fund [...]

New Delhi, July 6 (IANS) Finance Minister Pranab Mukherjee Monday gave the country’s elite investigating agency, the Central Bureau of Investigation (CBI), a Rs.330 crore (Rs.3.3 billion) support in the financial budget for its modernization.
The CBI received Rs.71 crore (Rs.710 million) more than the last fiscal when it got Rs.259 crore (Rs.2.59 billion).
The CBI deals [...]

New Delhi, July 6 (IANS) Out of a total plan outlay of Rs.12,165 crore for the civil aviation ministry, a sum of Rs.190 crore will be provided as budgetary support to various organisations under the ministry, the government said Monday after Finance Minister Pranab Mukherjee presented the annual budget in Parliament.
Out of the Rs.190 crore, [...]

New Delhi, July 6 (ANI): Finance Minister Pranab Mukherjee in his budget speech on Monday said that the government has taken a conscious and bold decision to enhance the Gross Budgetary Support (GBS) for the Annual Plan 2009-10 by Rs.40,000 crore over the interim budget for 2009-10.

He stressed that bulk of enhanced GBS is [...]

Railway Budget – Railway Budget 2009 – Highlights Railway Budget 2009 – Rail Budget – Rail Budget 2009 – Highlights Rail Budget 2009 -India Rail Budget 2009 Highlights Live On Lok Sabha TV
Railway Minister Mamata Banerjee present a People’s budget in Parliament on 3rd July 2009.
Railway Budget 2009 Highlights

PM says [...]

Brussels – The European Union is ready to bail out Romania, the latest European victim of the global credit crunch, the bloc’s finance ministers said after a meeting in Brussels on Tuesday.
“In view of the adverse effects of the global financial turmoil on the economic and financial situation in Romania, the (EU’s) Council Presidency [...]

New Delhi, Feb 23 (ANI): External Affairs Minister Pranab Mukherjee claimed on Monday that tax collections have more than doubled since the United Progressive Alliance came to power in May 2004.

Direct and indirect tax collections have grown at an impressive pace over the past few years and it stands at about six lakh crore rupees [...]

New Delhi, Feb 16 (ANI): In the Interim Budget 2009-10, the total expenditure has been proposed at Rs. 953,231 crore. Of this, Rs. 285,149 crore is under Plan and Rs. 668,082 crore under the Non-Plan sector.

The total Gross Budgetary Support (GBS) for the plan is 17.16 per cent higher in nominal terms than the [...]

New Delhi, Feb 16 (ANI): Acting Finance Minister Pranab Mukherjee presented the Interim Budget 2009-10 in the Lok Sabha today.
The highlights are as follow:

Rs 40,000 crore relief extended through tax cuts to counter economic slowdown.

Budgetary support increased for Ministries of Rural Development, Road Transport and Highway, Power, Railways, Industrial Policy and Promotion and [...]

New Delhi, Jan.13 (ANI): Ministry of Overseas Indian Affairs has set up the Indian Community Welfare Fund (ICWF) for the welfare of the overseas Indian workers in distress in foreign countries.
It has become operational at Indian Missions in all the 17 Emigration Clearance Required (ECR) Countries from January 1, 2009. The list of countries include [...]