Railway Budget 2009 – Union Budget 2009 – Railway Budget – India Budget 2009

Railway Budget 2009 – Union Budget 2009 – Railway Budget – India Budget 2009

The new Congress-led government is ready for the month-long budget session of parliament beginning Thursday with the ruling party planning to push through crucial legislative initiatives to make its 100-day vision come true.

The last month has seen many ministers announcing plans with many of them expecting to push through crucial policy legislation and initiatives during the budget session.

The railway budget will be presented by Railway Minister Mamata Banerjee on July 3 and the fiscal budget by Finance Minister Pranab Mukherjee on July 6.

The parliament session begins on Thursday with the presentation of the Economic Survey. After the survey and the railway and union budgets are presented, there would be a discussion on the demands for grants for select ministries.

The session will go on till August 7.

The Congress said it had the numbers and was confident of pushing through the “aam aadmi” agenda it raised in the run up to the elections. The Liberhan Commission report on the 1992 demolition of the Babri Masjid by Hindu supporters is likely to create political ripples.

The Land Acquisition Bill and the Rehabilitation and Resettlement Bill, which had lapsed due to the dissolution of the previous Lok Sabha, are likely to be re-introduced in the house. The bills related to reforms in the insurance sector are also likely to come up.

Source – http://www.india-server.com/news/india-budget-2009-session-begins-8350.html

CPI releases its manifesto, promises a non-BJP, non-Congress alternative

New Delhi, Mar 21 (ANI): The Communist Party of India (CPI) released its manifesto for the coming Lok Sabha elections on Saturday.

The party promised a non- BJP and non-Congress alternative at the Centre to carry forward the “glorious” tradition of anti-imperialism and secular polity.

The manifesto, released by CPI General Secretary A B Bardhan here said the CPI and Left is joining the electoral battle to halt the ruling classes from pursuing “this disastrous course” like the neo-liberal policies of the Congress and BJP’s “communal agenda”.

Appreciating the party in preventing a crisis in country’s financial sector, the manifesto said, “The Congress leadership wanted to dilute government equity in banks, preparatory to their eventual privatisation. We (CPI) prevented that… The Congress leadership wanted to privatise the insurance sector. We opposed that…The Congress leadership wanted to hand over the enormous accumulated funds in the Provident Fund and Pension Fund to the private sector for so-called ‘efficient management’. We did not allow that. We thus saved the financial sector from the disastrous crisis that has overtaken it in the USA, UK and other capitalist countries.”

The manifesto also called for a larger presence of the CPI and Left as a whole in 15th Lok Sabha. (ANI)

Swiss Re reports surprise third-quarter loss of 260 million dollars

Zurich – Switzerland’s reinsurance giant Swiss Re reported a surprise third-quarter loss Tuesday, slipping 304 million Swiss francs (259 million dollars) into the red after registering a profit of 1.47 billion francs in the same quarter of 2007.

The company said in Zurich that it would now suspend a share buy- back programme.

The company’s net assets fell a further 6 per cent from the second quarter to 24.1 billion francs.

Claims worth 365 million dollars from hurricanes Ike and Gustav in the United States had a greater affect on the company’s result than expected. (dpa)

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