Mumbai | 1 day ago
New ULIP norms will build investor confidence: Pranab
Mumbai, Sep 1 - Finance Minister Pranab Mukherjee said the new norms for unit-linked insurance plans - which kicked in Wednesday are aimed at building investor confidence.'Reforms are not static, they must keep flowing,' Mukherjee said, addressing an insurance summit organised by industry chamber ASSOCHAM here, and lauded the Insurance Regulatory Development Authority - for laying down a strong re ... read more

2 years ago
India's health budget up by 15 percent
New Delhi, Feb 29 - India will spend 15 percent more on health with special emphasis on HIV/AIDS, polio and healthcare for the rural and urban poor. Announcing the budget for health for 2008-09 Friday, Finance Minister P. Chidambaram allocated Rs.165.34 billion for the sector. The outlay will also be utilised to strengthen and upgrade the country's medical and public health system. Expressing sa ... read more

2 years ago
Finance Minister P.Chidambaram's Budget Speech 2008-09
New Delhi, Feb 29 - Following is the text of the 2008-09 Budget speech by Finance Minister P. Chidambaram: Mr. Speaker, Sir I rise to present the Budget for 2008-09. This House and the United Progressive Alliance Government have bestowed upon me the honour of presenting all five Budgets on behalf of a Government - a rare honour that I have the privilege to share with only one of my distinguishe ... read more

2 years ago
India's health budget allocation up by 15 percent
New Delhi, Feb 29 - The budget allocation for health for 2008-09 was Friday increased by 15 percent over that for the current fiscal to Rs.165.34 billion with Finance Minister P. Chidambaram laying particular stress on HIV/AIDS, polio and healthcare for the rural and urban poor. Expressing satisfaction that the prevalence of HIV/AIDs in the country had come down to 0.36 percent from the earlier ... read more

2 years ago
Summary of union budget 2008-09
New Delhi, Feb 29 - A Rs.60,000 crore - debt relief package benefiting 40 million farmers, increase in spending on social sector schemes and relief to income-tax payers are some of the highlights of India's fiscal budget for 2008-09. Presenting the budget in the Lok Sabha Finance Minister P. Chidambaram announced a new insurance scheme for workers in the unorganised sector, setting up of institu ... read more

New Delhi | 3 years ago
Budget highlights: salient points
New Delhi, Feb 28 - Following are the highlights of the union budget presented by Finance Minister P. Chidambaram in parliament Wednesday:* Gross budgetary support for plan to be increased to Rs. 205,100 crore from Rs. 172,728 crore * Non-plan expenditure to go up by 6.5% to Rs.435,421 crore allocation for Bharat Nirman increased by 31.6% to Rs. 24,603 crore allocation for education increased by 3 ... read more

New Delhi | 3 years ago
Finance Minister P. Chidambaram's budget speech
New Delhi, Feb 28 - Following is Finance Minister P. Chidambaram's speech while presenting the union budget for 2007-08 in parliament Wednesday:Mr. Speaker, SirIt is my privilege to present the Budget for 2007-08.I. A MID-TERM REPORT CARD ON THE ECONOMY2. In November 2006, the UPA Government crossed the midpoint of its term of office. A midterm report card can now be presented. There are many plus ... read more