With total outstanding debt and contingent liabilities of over Rs.2 lakh Crore, cash-strapped Punjab government is hoping to turn the crunch around with the help of increased revenues following introduction of the Goods and Services Tax (GST) from 1 July. Introducing the maiden budget (2017-18) of newly elected Captain Amarinder Singh government in the Punjab …
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June 20, 2017Aiming at a major push for infrastructure, the railways will raise Rs.35,000 crore with World Market assistance to create a separate fund for investment in rail sector. The proposed Railways of India Development Fund (RIDF) would be independent of rail budget and intended for all big ticket rail-based projects, including station redevelopment, rail expansion, port …
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May 26, 2017Terming as unprecedented the provision of Rs 1.31 lakh crore for railways' capital expenditure, Railway Minister Suresh Prabhu on Wednesday said the budget is growth oriented. A new era has begun by not only adhering to fiscal prudence but also bringing social equity at the same time, Prabhu said after the presentation of the General …
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February 1, 2017Terming as unprecedented the provision of Rs 1.31 lakh crore for railways' capital expenditure, Railway Minister Suresh Prabhu on Wednesday said the budget is growth oriented. A new era has begun by not only adhering to fiscal prudence but also bringing social equity at the same time, Prabhu said after the presentation of the General …
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February 1, 2017India’s general Budget 2017-18 will be interesting for a variety of reasons. It would be a first for two major reasons ~ inclusion of Railway Estimates in the General Estimates and abolition of the Plan and non-Plan distinction. How would each of these alter the complexion of the Budget? Are these the only challenges? Indian …
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January 30, 2017With less than a month remaining for budget presentation, Finance Ministry day invited suggestions from Twitterati on what should be the focus of the Budget for 2017-18 to be unveiled on February 1. People can exercise their voting option on the official twitter handle of the Ministry of Finance. "Please give your suggestions… Which sector …
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January 6, 2017