Free Press Journal
  • Bhopal: Agriculture gets biggest piece of pie; push to private sector health care

    • No funds allocated for Ind, Bpl Metro projects
    • Only Rs 700 cr for Smart City Projects in 5 cities

    BHOPAL: By allocating almost 30 percent of its annual budget for agriculture and allied activities in 2018-2019, the state government has made it clear where its priorities lie.

  • Madhya Pradesh Budget 2018: Some say it is hopeless, others say it is promising

    BHOPAL: Madhya Pradesh budget 2018 presented on Wednesday in Vidhan Sabha has evoked mixed reactions. Most people have called it a rosy picture though they have welcomed the move to keep milk, meat, fruits, vegetable, chesse, paneer out of GST purview.  The focus on Metro trains and public transportation has been welcomed.

  • Bhopal: Budget 2018: People have high expectation from Malaiya

    Bhopal: As the Assembly elections are slated later this year, the people have a lot of expectations from state Budget 2018. Every sector has its own wish list, while corporate sector wants that “ease of doing business” be simplified in the state, the common man who have been left disappointed by Union FM Arun Jaitley expects better offers from state finance minister Jayant Kumar Malaiya.

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    Siddaramaiah announces free LPG gas, universal health scheme in budget 2018

    Bengaluru: In his pre-assembly election budget for 2018-19, Karnataka Chief Minister Siddaramaiah today announced schemes for universal health coverage, providing free LPG gas connections and mitigating miseries of dry land farmers.  The chief minister also said the implementation of the sixth pay commission for 5.93 lakh state government employees and 5.73 lakh pensioners would cost Rs 10,508 crore to the exchequer.

  • Higher MSP and inflation worries

    There are many positive features of the Union Budget presented on February 1. First, there is great expenditure restraint. The total spending is budgeted to be up by 10 per cent even as national nominal income is estimated to rise by more than 11 per cent.  The second positive is a reform in the way farmers interact with their buyers. More than 22,000 mini-marts will be set up at the village level to

  • Maharashtra opposition leaders discuss Budget session strategy

    Mumbai, Opposition group leaders in the Maharashtra legislature today met here to finalise their strategy in the House during the upcoming Budget session. The leaders from the Congress, NCP, Samajwadi Party, CPI (M) participated in the meeting held in the Vidhan Bhavan office of the Leader of Opposition in Assembly Radhakrishna Vikhe Patil.

  • mumbai, mumbai railway, Mumbai Railway Vikas Corporation, MRVC, Mumbai Urban Transport Project , Railway development, Rail projects, Budget 2018

    Mumbai Railway Vikas Corporation receives budget of Rs 54,777 crore for development

    Mumbai: For the development of the Suburban Railway network, the Mumbai Railway Vikas Corporation has received the budget of Rs 54.777 crore for the Mumbai Urban Transport Project 3A. A senior official said the project comprises development of stations, pedestrian bridges, Wi-Fi, Talk Back, CCTV, escalator, raising a platform.

  • Closing bell: Sensex falls by 561.22 pts, Nifty ends below 10,500

    New Delhi: The market continued to crumble during closing trade, as the indices saw a significant dip on Tuesday evening. The Sensex plunged by 561.22 points to 34,195.94, while Nifty saw a 168.30-point dip to 10,498.25.

  • Going Beyond Budget 2018 with DEA Secretary Subhash Chandra Garg

    This year’s Union Budget is the last budget before the 2019 general election. This could be a make or break exercise for the future of the Narendra Modi government. Even as Finance Minister Arun Jaitley gave one of the longest speeches ever, he failed to communicate the exciting times that lie ahead for most Indians as almost every segment of business undergoes a transformation. Subhash Chandra Garg, Economic Affairs

  • Budget: A vision for 2019 elections

    If India is on the cusp of reaping benefits of growth on the back of demographic dividend, it has the potential to grow at arithmetic progression if the education system is overhauled and employment generation is given a boost.

  • No material impact of slippage in fiscal deficit: Moody’s

    New Delhi: The Budget for 2018-19 strikes a balance between fiscal prudence and growth, and a “slight” slippage in fiscal deficit has no material impact on overall economic strength. The government has revised its 2018-19 fiscal deficit projections to 3.3 per cent of GDP and for the current fiscal to 3.5 per cent of GDP, against original targets of 3 per cent and 3.2 per cent, respectively. “The revised fiscal consolidation path

  • Budget 2018: Secure from populist pressures

    In the short-run, the behavior of the share markets can be discounted while considering the impact of the Budget on the economy. For, markets are expected to react angrily whenever some benefit is withdrawn. The twin blow of a higher than estimated fisc for the current year and, more importantly, the re-introduction of the long-term capital gains tax after a gap of thirteen years has caused the markets to throw a big

  • The Budget cart rides on broken wheels

    The abolition of revenue deficit as an FRBM target is ridiculous and against the very basic principles of budget making. It only helps take the eye off the ball. No government should borrow to meet current consumption, just as no householder should borrow for an extravagant living.