IPA Special

I'm Ready To Even Bite The Ballot If Necessary: Pranab Mukherjee

NEW DELHI: Pranab Mukherjee admits the life of India’s Finance Minister isn’t easy. Few know it better than him. This Budget, after all, is the Congressman’s seventh, only one less than Morarji Desai and on a par with his cabinet colleague, P Chidambaram. But more than merely being an...

Mar 17 · >

Defence Budget Shoots Up 17 Per Cent

Military spending has gone up by 17 per cent, or Rs 28,992 crore, to Rs 1,93,407 crore in the Budget. Finance Minister Pranab Mukherjee said this allocation was based on the needs projected by the defence ministry. For 2011-12, the spend was pegged at Rs 1,64,415 crore, an increase...

Mar 17 · >

ISRO Gets Rs 125 Crore For Mars Mission, Eyes Nov 2013 Launch

NEW DELHI: After the moon mission, Isro’s plans for Mars exploration got a shot in the arm with the government allocating the ambitious programme Rs 125 crore in the Union Budget announced today. The budget documents state that the space agency plans to launch a Mars Orbiter as early...

Mar 17 · >

A Lot Of Money Was Spent To Tarnish My Image: Army Chief

NEW DELHI: Army chief Gen V K Singh, whose date of birth was mired in a huge controversy, has alleged that “a lot of money” was spent by people within the force to get a “false” birth certificate and tarnish his image as he had stopped their wrongdoings. He...

Mar 17 · >

Kashmiri Youth Turn Out In Record Numbers To Join Army

More than 6,000 enthusiastic Kashmiri youth turned up for recruitment in the Indian Army Friday in south Kashmir and police and army men had a tough time controlling the swelling crowds. The army held a recruitment rally at the High Ground in south Kashmir’s Anantnag district Friday for the...

Mar 17 · >

Safety Concerns Ground Mirage Fleet, French Team Helping Probe

After two successive crashes that have been pinned down to engine failure, the Indian Air Force (IAF) has grounded its fleet of Mirage 2000 fighters even as a French technical team has arrived to help probe the accidents. The front line fleet of 49 fighters, some of which are...

Mar 17 · >

Pharma Sector Says No Life In Budget

As usual, the pharmaceutical industry has termed the Union Budget a total disappointment. Though the FM has given a big bonanza to the pharma sector through extension of the 200 per cent weighted deduction for research & development (R&D) expenditure, raise in service tax to 12 per cent from...

Mar 17 · >

Sell-Off Target Feasible, Say Players

After falling short of the disinvestment mop-up targets this financial year as well as in the previous one, the government aims to mobilise 25 per cent less through selling stakes in state-owned companies in the next financial year. “The government will raise about Rs 14,000 crore from disinvestment in...

Mar 17 · >

Greener Pasture For Private Funds In Agriculture

If Pranab Mukherjee’s earlier Budget focused on addressing the supply-side constraints in pulses, oilseeds and fodder, this year’s Budget was skewed towards solving some of the persistent bottlenecks in the agriculture sector — such as irrigation, seed development and poor post-harvest facilities — by roping in the support of...

Mar 17 · >

FM Revives Hopes Of Aviation And Power Sector, Disappoints Oil Companies

The budget has fuelled hopes of a grand revival of the power sector, accelerated road projects, propped up wobbly airlines and given tax breaks to large projects, cheering power and road firms but oil firms seeking market prices for diesel and equipment makers aspiring for tariff protection were disappointed....

Mar 17 · >
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