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| Pranab Da’s budget reaches out to Aam Aadmi | | | | AGENCIES
New Delhi, July 6 : Seeking to address what he described as triple challenges, Finance Minister Pranab Mukherjee Monday presented a revival-oriented budget with more funds for welfare schemes and infrastructure, a promise to restore India's high economic growth and better delivery mechanisms to reach the fruits of development to the poorest.
Amid high hopes from industry and the average citizen alike, the budget also promised new incentives to farmers, a big hike in funds for projects with emphasis on rural reconstruction and employment, more allocation for urban development and a fresh impetus to energy security.
During his 100-minute budget speech in the Lok Sabha, Mukherjee promised a national food security act soon to give 25 kg of rice or wheat per month to the poor at a subsidised price of Rs.3 per kg while promising a 40-percent hike in the health insurance scheme for people below the poverty line.
Dressed in a smart white bandgala suit, the 73-year-old politician - who had presented his last budget as finance minister in the Indira Gandhi government 25 years a... | |
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FRONT PAGE STORIES |
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| QRTs proposes for accidental measures | | | | Early Times Report
Srinagar, July 6: To contain the traffic accidents and ensure smooth plying of vehicles on roads, an efficient traffic management system is being put in place for which the guidelines have been formulated by the government and the concerned departments have been asked to implement them in letter and spirit.
As per a government circular, issued today, QRTs will be set up on the identified spots where staff from all line departments viz. traffic, MVD, Executive Police, Law and Order, Health, Roads and Buildings, Fire and Emergency Service, Mechanical Engineering, Civil Defence would be made available and ambulances with facilities for emergency services, trauma, blood, ox... | |
| | | | From 193 Cr in 1947 to 10 lakh Cr in 2009 | | | | AGENCIES
New Delhi, July 06: India's fiscal budget has risen from Rs.193 crores to over Rs.10 lakh crores in the 63 years since independence of the country in 1947, Finance Minister Pranab Mukherjee said while presenting the budget for 2009-10 in the Lok Sabha Monday.
"Madam Speaker, I am happy to announce that for the first time, the budget estimates have crossed Rs.10 lakh crores. From Rs.193 crores in the first budget, the estimates for the current financial year are Rs.10 lakh, 20,838 crores," Mukherjee said.
Mukherjee had presented his previous budget as finance minister in the government of prime minister Indira Gandhi 25 years ago.
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| | | | 123 cross sides along LoC via Poonch | | | | Early Times Report
Srinagar, July 6: As many as 123 members of the divided families including 33 first-timers from this part of the Kashmir made it to the weekly Poonch-Rawlakote bus service to exchange sides from Chakan-Da-Bagh crossing point at Line of Control (LoC) on Monday.
Official sources said that 62 civilians left for Pakistan occupied Kashmir from Poonch. While 33 were first-timers from this part of the Kashmir, 29 were PaK returnees.
From PoK, 61 persons reached Poonch. They include 60 first timers from PoK and one returnee, who returned to Poonch after their 28 day stay in PoK.
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| | | | In J&K, industry lobby quite unhappy, common man says it’s ok | | | | SANDEEP BHATT
Jammu, July 6: Pranab Mukherjee’s budget addressed the issues of common man as the focus on flagship schemes clearly reflected and hurt the riches as the sensex responded but what Jammu and Kashmir had expected was nowhere in the sight.
Jammu and Kashmir specific expectations ranged from restoration of excise refund to extension of a North Eastern states patterned industrial package but these areas were not touched upon. Hear it from the industry lobby representatives and they have only disappointments to share. But that does not mean that budget is entirely disappointing for all.
“No relief has been given to state of Jammu and Kashmir regarding our demand for the restor... | |
| | | | CODE-DECODE: BUDGET 2009 AND YOU | | | | The Budget doesn’t seem to have made much of a difference as far as the finances of middle-class individuals are concerned. It has, however, benefited individuals in the higher salary bracket. The Budget failed to fulfil two major expectations that were pinned on it--increase in the Section 80C deduction limit and increase in the deduction limit of interest on a home loan. Presenting his first Budget after taking over, Finance Minister Pranab Mukherjee announced two major steps that are set to have a positive impact. It has opened the ambit of education loans to students opting for vocational courses and has cleared the air on the taxation process of the New Pension System. Also, the Budget... | |
| | | | CM meets PM, baton being handed over to J&K Police | | | | AGENCIES
New Delhi, July 6: After Chief Minister Omar Abdullah’s meeting with Prime Minister Manhmohan Singh in New Delhi today, the state government has indicated that a decision has been taken to phase out the paramilitary forces and handover the charge to Jammu and Kashmir Police for manning law and order duties.
Chief Minister Omar Abdullah called on Prime Minister Dr. Manmohan Singh, here today. In a half hour meeting, the two leaders discussed issues concerning J&K State. They also discussed matters pertaining to Prime Minister’s Reconstruction Plan (PMRP), development, law–and-order and security-related initiatives.
Mr. Abdullah gave in-depth insight to Dr. Singh on the law-and-... | |
| | | | Minor reshuffle in administration | | | | Early Times Report
Srinagar July 06: The state government has ordered a minor reshuffle in administration including transfers and postings of some KAS officers.
M. Raju, Sub-Divisional Magistrate, Badnote-Billawar has been transferred and posted as Officer on Special Duty (OSD) with Deputy Chief Minister. He will draw salary against the post of Additional Secretary to the Deputy Chief Minister.
Choudhary Asgar Ali, Director, Land Management, Jammu Development Authority is recalled and posted as Joint Director, Industries and Commerce, Jammu against an available vacancy.
V.K. Sharma, Collector, Jammu Development Authority is recalled and posted as Joint Registrar (Audit), Cooperatives, ... | |
| | | | 11 injured in Srinagar ‘grenade pelting’ | | Peaceful protests’ being upgraded to guerrilla attacks | | | Ahmed Ali Fayyaz
SRINAGAR, Jul 6: Five Police personnel and six civilians have sustained injuries in a grenade attack that occurred on Police amid intermittent stone pelting in Jammu & Kashmir Liberation Front (JKLF) Chairman Mohamamd Yasin Malik’s residential locality of Maisuma in uptown Srinagar this afternoon. Two more grenades were fired on Police Station in Sopore.
SSP Srinagar, Syed Ahfadul Mujataba, told Early Times that scores of youth in Maisuma began gathering and pelting stones and brickbats on Police in the forenoon. Their ‘cause of action’ was mysterious disappearance of the student of a college who, according to residents and family members, had been missing since Friday... | |
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