The 24 percent hike in the outlay for education announced in the union budget will not help the sector because what is needed is a change in mindset, Human Resource Development Minister Kapil Sibal said Thursday. “A 24 percent budget hike will not help the education sector. It is not just money allocation that we
More budget highlights for 2011-12: * Revenue gain of Rs.11,000 crore from increase in indirect taxes. * Service tax payers with turnover of Rs.60 lakh exempt from government audit. * Electronic filing of TDS returns at source stabilised; simplified forms to be introduced for small taxpayers. * Bill to be introduced to review Indian Stamp
More highlights of budget for 2011-12: * Expenditure in 2011-12 estimated at Rs.12,57,729 crore, an increase of 13.4 percent. * Tax receipts in 2010-11 at Rs.9,32,440 crore, an increase of 24.9 percent; non-tax receipts at Rs.1,25,435 crore * Tax exemption limit raised from 160,000 to 180,000; for senior citizens qualifying age reduced from 65 to
More highlights from Railway Minister Mamata Banerjee’s budget presented in the Lok Sabha Friday: * Upgraded class of air conditioned travel to be introduced shortly. * Anti-collision device, successful in North West Frontier Railway, to be extended to three more zonal railways. * Railways always been a soft target but law and order a state
Following are more highlights from Mamata Banerjee’s railway budget, presented in the Lok Sabha Friday: * First coach from Rai Bareli factory in next three months. * Work on wagon factory in Orissa to begin after land is acquired. * Railways to set up factory in Jammu and Kashmir. * To set up Metro coach
Highlights of the railway budget presented in the Lok Sabha Friday by Railway Minister Mamata Banerjee: * Combines strong economic focus along with inclusion. * Small incidents give us a bad name. * Developed business-oriented policies to aid industry. * Happy to announce through 85 PPP proposals received; set up single-window sustem to take these
Apart from the women’s reservation bill passed by the Rajya Sabha and the Ancient Monuments and Archaeological Sites and Remains (Amendment and Validation) Bill, 2010, to replace an ordinance, no significant legislation was passed in parliament in the first part of the budget session.
Some important bills listed for introduction or passage in the budget session:
On Saturday, at the Popular Lecture Series organized by the Indian Institute of Science Alumni Association Science Forum, SRO Chairman K. Radhakrishnan revealed that ISRO is all set to discover low cost access to Space for which several new measures are being taken.
He announced that by the end of 2012, space would be accessible at