Tag: Union Budget

New Delhi/Bhubaneswar: The Centre has allocated Rs 5, 252 crore in the Union Budget -2018 for development of railway infrastructure in Odisha. It was known after the Ministry of Railways tabled the demand for grants for expenditure in the Lok Sabha today. Chief minister Naveen Patnaik had demanded Rs 6,500 crore this year for railways […]

New Delhi: The Narendra Modi government the government has been receiving flak for its failure in meeting its electoral promise of creating as many as 10 million jobs a year. In a solace to the brewing resentment, the government announced extra budgetary expenditure on infrastructure for 2018-19 and increased it to Rs 5.97 lakh crore […]

Bhubaneswar: Though Chief Minister Naveen Patnaik had mixed reactions on the Union Budget, he welcomed the Centre’s promise to offer Minimum Support Price (MSP) of 1.5 times the cost of production of Kharif crops. However, Naveen termed allocation for SC, ST and other vulnerable groups and social sector in the budget as ‘grossly inadequate.’ He […]

12:45 pm: Finance minister proposes increase in custom duty on mobile phones to 20% from 15% 12:43 pm: Standard deduction of Rs 40,000 for salaried employees in lieu of transport and medical expenses says Finance Minister Jaitley 12:39 pm: Budget 2018: Jaitley proposes to extend 25% corporate tax rate to companies with revenue up to […]

Bhubaneswar: The project-wise details of Rs 5,102 crore allocation made in the 2017 Union Budget for various rail projects in State revealed that the center has allocated Rs 700 crore for the Khurda-Bolangir railway project. According to ECoR sources, among others Rs 275 crore budget allocation made for Jeypore-Nabrangpur rail project. While Rs 250 crore […]

New Delhi/Bhubaneswar: The Centre today announced to celebrate the 200 years completion of Paika Mutiny, known to be the first freedom struggle of India, to commemorate the courageous uprising of soldiers led by Buxi Jagabandhu in Khordha district of Odisha against British in 1817. During his Budget speech in Lok Sabha today, Union Finance Minister […]

Bhubaneswar: After showering praise for Rail Budget; the ruling BJD today said it will protest the cut in tax devolution to States in the Parliament. Citing that Odisha stands to lose around Rs 4600 crore due the announced provisions of the budget, the BJD has trained its guns at the Central government and said that […]

Terming the 3.5% cut in tax devolution to the States in the revised estimate in the Union Budget for 2016-17, presented by Union Finance Minister Arun Jaitley in the Lok Sabha on Monday, as ‘unfair’, Odisha Chief Minister Naveen Patnaik has said the finances of Odisha will be overtaxed on account of less than anticipated transfer of resources from the Centre

Congress state leaders on Monday reacted to the Union Budget presented by Union Finance Minister Arun Jaitley in the Lok Sabha by saying the budget will benefit the rich people and corporate houses

A day before the presentation of Union Budget for 2016-17 fiscal by Union Finance Minister Arun Jaitley at the Lok Sabha, political leaders of Odisha hope that the budget will have more allocations for the agriculture sector as well as farmers

Bhubaneswar: The Biju Janata Dal (BJD) will reiterate its demand for special category status (SCS) to Odisha during the budget session of the Parliament which will begin tomorrow. This was decided at the BJD Parliamentary Party meeting which was presided over by the party supremo and chief minister Naveen Patnaik at Naveen Niwas here this […]

Bhubaneswar: With just a day to go before the Budget session of Parliament begins, the Parliamentary party meeting of Biju Janata Dal (BJD) is scheduled to be held today at Chief Minister Patnaik’s residence- Naveen Nivas here on Sunday. According to sources, the meeting, to be chaired by party supremo Naveen Patnaik, will discuss the […]

Dubbing the Union budget as ‘disappointing’, chief minister Naveen Patnaik today said the State, ravaged by natural calamities, has been completely neglected while special assistance has been declared for Bihar and West Bengal

New Delhi: With middle-class apathy on the rise, Finance Minister Arun Jaitley may double the income tax exemption threshold for the salaried from the present Rs 2.5 lakhs to Rs 5 lakhs while also reinstating tax-free status for medical expenses and transport allowance, providing some relief to the section already under strain since demonetisation. Though […]

New Delhi: In a rebuttal of the criticism of Budget 2018-19 pandering to the farm sector in a pre-election year at the expense of the middle class and the corporate sector, Finance Minister Arun Jaitley on Friday showed how his latest budget exercise is actually designed to boost overall economic growth with the help of […]