Common Man's Budget

  • States get more control over Central money 18-02-2014 11:41 AM

    New Delhi Every budget has a political objective in all democracies. Even in America, budget always eyes political gains during election years. In a country like India, where politics decides everything, budget has more to do with political compulsions and less to do with economic compulsions. As some analysts argue...
  • After Rahul's appeal, Centre accepts 'One Rank One Pension' scheme 17-02-2014 11:47 PM

    New Delhi: An interim budget is about vote catching and the announcement of the 'One Rank One Pension' scheme is perhaps the one expenditure which the government is hoping will pay immediate dividends. The defence budget has been raised by 10 per cent out of which Rs 500 crore will...
  • Delhi Metro gets increased budgetary support 17-02-2014 11:41 PM

    New Delhi: Delhi Metro on Monday got a budgetary support of Rs 3324.35 crore for the next fiscal which was around Rs 840 crore more than what it was allocated for 2013-14. The budgetary support will help Delhi Metro in expansion of its network and increasing its rolling stock. The...
  • Chidambaram's 10-point agenda to make India 3rd largest economy 17-02-2014 09:09 PM

    New Delhi: Finance Minister P. Chidambaram on Monday unveiled a 10-point agenda that would help make India the third largest economy by 2043 only behind the US and China. While presenting the interim budget for the fiscal 2014-15 in the Lok Sabha, the finance minister said the size of Indian...
  • Budget 2014: UPA cuts excise duty, lowers prices, woos voters ahead of polls 17-02-2014 08:39 PM

    New Delhi: In a move to woo the voters ahead of the upcoming Lok Sabha elections, Finance Minister P Chidambaram on Monday unveiled the UPA government's interim budget, its last before the party goes to face the electorate. In his interim budget, the Finance Minister has reached out to specific...
  • Government to have one record for all financial assets of every person 17-02-2014 08:29 PM

    New Delhi: In a move to simplify record keeping and ensure greater tax compliance, the government plans to introduce a single data point that will track all financial records, like investments, of an individual. This is among the five steps that Finance Minister P Chidambaram has outlined in interim Budget...
  • Education sector gets about 9 per cent hike 17-02-2014 06:02 PM

    New Delhi: The education sector has got about nine per cent hike in the Interim Budget presented on Monday by Finance Minister P Chidambaram, who also proposed a moratorium on repayment of education loans, benefiting nine lakh students. The minister proposed a plan outlay of Rs 67,398 crore for the...
  • Cars, two-wheelers, soaps set to be cheaper 17-02-2014 04:12 PM

    New Delhi: Ahead of the upcoming Lok Sabha elections, Finance Minister P Chidambaram on Monday sought to lighten the burden on the middle class by lowering excise duty on cars, SUVs and two-wheelers and proposed no increase in taxes on other products. "To give relief to the automobile industry which...
  • Interim Budget: Government plans to boost PSU banks, may provide Rs 11,200 crore 17-02-2014 03:03 PM

    New Delhi: Finance Minister P Chidambaram on Monday proposed to infuse Rs 11,200 crore in public sector banks to enhance their capital in the next financial year. "In 2014-15, I propose to provide Rs 11,200 crore for capital infusion in public sector banks. They have opened 5,207 branches so far,...
  • Highlights of interim Budget 2014-2015 17-02-2014 01:45 PM

    New Delhi: In an election year, Finance Minister P Chidambaram presented an Interim Budget short of rhetoric and stuck to highlighting the Congress-led UPA Government's achievements of the last 10 years. Faced with a massive economic slowdown and staring at prospects of a Congress rout in the Lok Sabha elections,...
  • Opposition unimpressed by Union Budget 28-02-2011 02:17 PM

    New Delhi: Opposition on Monday dubbed the Budget as "futile" and "directionless", saying it brought no relief to the common man and nothing has been done to contain inflation. Trashing it as a "futile exercise", senior BJP leader Anant Kumar said it has no proposals to contain rising prices and...
  • Hike medical reimbursement to Rs 50K: CJ 24-02-2011 10:29 AM

    New Delhi: Health services have become much more expensive since the medical reimbursement limit of Rs 15,000 was decided in 2001. Citizen journalist Ambareesh Banarjee says this needs to be increased to at least Rs 50,000. Banerjee is 56 years old and has a a stack of medical files and...