New Delhi: Just when you thought you've heard every name in the book when it comes to mobile phones, it's nice to be surprised every now and then. Chaze Mobile has just dropped a new feature phone in the market whose name literally describes the phone itself. Called the 'Chotu' (Hindi for small), the new feature phone is supposed to feature decent multimedia capabilities for a very low price of...
09:05 AM, Jun 03, 2012
Islamabad: Pakistan has increased its defence budget by nearly 10 per cent to Rs 54,500 crore ($5.8 billion) for the 2012-13 fiscal year. The government had earmarked Rs 49,500 crore in the 2011-12 fiscal year. However, the actual expenditure was Rs 50,932 crore. The current allocation amounted to 18.4 per cent of Pakistan's total budget outlay of Rs 2,96,000 crore for the fiscal July 2012 to June 2013, Xinhua reported....
10:57 AM, Jun 02, 2012
Lucknow: Seeking to fulfil his party's election promises, Uttar Pradesh Chief Minister Akhilesh Yadav on Friday made provisions for unemployment allowance, waiving farm loans and giving laptops to students in his maiden state Budget for 2012-2013. Amidst walkout by BSP, Yadav presented the Budget saying that he has inherited a shattered economy that has been marred by corruption. The Budget proposed no new tax, while listing several incentives for a...
03:50 AM, Jun 02, 2012
Lucknow: Uttar Pradesh Chief Minister Akhilesh Yadav, who presented his maiden budget in the state Assembly o Friday, said efforts have been made to fulfil promises made to the people during the state election. "An effort has been made to fulfill all the poll promises," he said after presenting the annual budget for the current financial year. Yadav said no new tax has been proposed in the budget and efforts...
03:10 AM, Jun 02, 2012
Islamabad: Pakistan on Friday increased the defence allocation in its fiscal 2012-13 budget to Rs 545 billion (about $5.82 billion), marking an increase of 10 per cent over the outlay for the current fiscal. The allocation for the defence services amounted to 18.4 per cent of the federal budget of Rs 2,960 billion for fiscal 2012-13. Further details, including allocations for the three services and weapons acquisition programmes, were not...
12:05 AM, Jun 02, 2012
New Delhi: Auto sales in India moderated in May with the country's largest car makers Maruti Suzuki, General Motors, Ford and TVS Motor posting declines in their numbers due to post-Budget price hikes, high interest rates and rising fuel prices. Hyundai Motor, Tata Motors and Mahindra & Mahindra, however, witnessed sales going up. During the month, the country's largest two-wheeler maker Hero MotoCorp registered its highest ever monthly sales. Maruti...
09:38 PM, Jun 01, 2012
Lucknow: Uttar Pradesh Chief Minister Akhilesh Yadav, who presented his maiden budget in the state Assembly on Friday, said efforts have been made to fulfill promises made to the people during the state election. "An effort has been made to fulfil all the poll promises," he said after presenting the annual budget for the current financial year. Akhilesh said no new tax has been proposed in the budget and efforts...
06:06 PM, Jun 01, 2012
Lucknow: Amidst uproar and walkout by the BSP, Uttar Pradesh Chief Minister Akhilesh Yadav on Friday presented his maiden state Budget for 2012-13 with no new tax and a provision of Rs 500 crore for waving farm loans. It also provides for unemployment allowance and laptops to school students. For the first time, the state's Budget size has crossed Rs 2 lakh crore. It has projected a deficit of Rs...
01:26 PM, Jun 01, 2012
New Delhi: Uttar Pradesh Chief Minister Akhilesh Yadav will present his first budget in the state Assembly on Friday and some fireworks can be expected. The Chief Minister also handles the state's finance portfolio. The budget session of Uttar Pradesh started on a chaotic note last week with clashes between SP and BSP MLAs during the governor's speech. ...
08:24 AM, Jun 01, 2012
New Delhi: The BJP on Tuesday slammed Delhi Chief Minister Sheila Dikshit for presenting a "lacklustre" budget, saying the city government has "betrayed" the people by making provisions which will further burden them. "It is a lacklustre budget which has nothing for the people reeling under the high food prices. The budget will further burden the common man," said senior BJP MLA Jagdish Mukhi, initiating discussion on the budget. Criticising...
01:49 AM, May 30, 2012
New Delhi: The Budget Session of Parliament will come to an end on Tuesday. Several issues including the BR Ambedkar cartoon row and the 'Kali-Ma' beer rocked the session, that on its second last day, also managed to table the Lokpal Bill in the Rajya Sabha. Finance Minister Pranab Mukherjee is likely to make a statement on the controversial Aircel-Maxis deal on Tuesday. On Monday, the Congress-led United Progressive Alliance...
09:21 AM, May 22, 2012
New Delhi: Time is running out for the Rajya Sabha to pass the Lokpal Bill with just a day to go before the Budget session of Parliament ends. The government will bring the Bill in the Rajya Sabha on Monday despite opposition from parties like the JD(U) and RJD. The discussions may focus on some key amendments including the removal of the provisions for setting up Lokayuktas in the states....
12:29 PM, May 21, 2012
New Delhi: Finding fault with the railway budgetary mechanism, Comptroller and Auditor General (CAG) has observed the national transporter is continuously incurring expenditure over and above the budgetary provisions sanctioned by Parliament. The CAG report of the fiscal 2010-11 also found railways at fault for not presenting any of the statements of fiscal policy in Parliament as defined in the Fiscal Responsibility and Budget Management Act 2003. The Audit also...
04:56 PM, May 15, 2012
New Delhi: Parliament's Budget Session may be extended till May 30 to pass several important Bills including the Lokpal Bill, sources have told CNN-IBN. The Finance Bill, Lokpal and Lokayukta Bill, Citizens Redressal Bill, Pension Fund Regulatory Authority Bill, Insurance and Banking Reforms Bill, Companies Bill, Education Tribunal Bill, Judicial Accountability Bill, Women's Reservation Bill, Protection of Women from Sexual Abuse at Work Bill, Whistleblowers Protection Bill, Mines Bill and...
01:41 PM, May 10, 2012
New Delhi: The Rajya Sabha has been adjourned following complaints about a gas leak. Some people in the officials' gallery had complained to the Public Works Department about a foul smell from the sewage system. "Everyone felt some foul smell. We didn't know the cause, so the Speaker said it was better to adjourn the House for some minutes," CPI leader D Raja said. The incident happened at around 11.30...
12:03 PM, May 10, 2012
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