New Delhi, Feb 28 : Terming the General Budget 2011-12 to be ‘positive’ and ‘growth-oriented’, the leaders of the Indian industry appeared pleasingly amazed with the unchanged excise rate in major sectors. The Vice- Chairman and Managing Director of Kotak Mahindra Bank, Uday Kotak, said: “Budget has positively surprised us.
New Delhi, Feb 28 – The government aims at raising Rs.40,000 crore (Rs.400 billion/$9 billion) by selling its stake in public sector undertakings in 2011-12, despite missing the current year’s target, Finance Minister Pranab Mukherjee said Monday. ‘I intend to maintain the momentum on disinvestment in 2011-12 by raising Rs.40,000 crore,’ Mukherjee said while presenting the budget for 2011-12 in the Lok Sabha.
New Delhi, Feb 28 – With the government buffeted by corruption scandals and charges of ‘governance deficit’, Finance Minister Pranab Mukherjee sought to address this issue Monday in his budget speech on what he said were measures being taken ‘for improving governance’. He said a Group of Ministers (GoM), established to suggest ways of tackling corruption, will submit its report soon.
Bhubaneswar, Feb 28 – Finance Minister Pranab Mukherjee’s budget proposals presented Monday evoked mixed reactions in Orissa, with senior citizens happy at tax sops, housewives more concerned about price rise than economic details and the political leaders reacting along party lines. ‘In order to check inflation, he (Mukherjee) has emphasized upon the supply side.
New Delhi, Feb 28 – With the government laying thrust on rural development, Finance Minister Pranab Mukherjee Monday proposed a 12 percent increase in the department’s plan outlay from Rs.66,100 crore in the current fiscal to Rs/74,100 crore for 2011-12. The major share of rural development department’s plan outlay has gone to the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS) which provides at least 100 days of wage employment in a financial year to each rural household whose adult members volunteer to do unskilled manual work.
Mumbai, Feb 28 – Maharashtra’s senior most Indian Police Service (IPS) officer Ajit Parasnis was appointed the new director general of police (DGP) while Arup Patnaik was named the new police commissioner for Mumbai, official sources said here Monday. Parasnis replaces DGP D.
Thane, Feb 28 : A fire broke out in furniture warehouses in Thane, Maharashtra, on Monday , causing huge losses. Mohammad Ansari, a shopkeeper, said: “Lots of cars, papers and other things have been burnt.
Patna, Feb 28 – The union budget was directionless and held nothing for the common man, Bihar Chief Minister Nitish Kumar said here Monday. The Janata Dal-United (JD-U) leader said there was no special package for Bihar despite repeatedly demands by the state government.
New Delhi, Feb 28 : Union Finance Minister Pranab Mukherjee today emphasized on the need to improve governance through tackling corruption. Presenting the Budget in the Lok Sabha, Mukherjee said that a Group of Ministers has been constituted to consider measures for tackling corruption.
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