Tag Archives: hike

13% Increase in Allocation for Education in Budget?

Giving a boost to higher learning and with the promise of providing one major central institute in each state, India has earmarked Rs.26,855 crore for higher education, an increase of over 13 percent over last year, not revealing how much percentage in overall budget. For the year 2015-2016, the government allocated Rs.26,855 crore to the department of higher education under ...

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3-day Weekend: People Queueing up to Holdiay Destinations, Airfares Touch Skyhigh

With an extended weekend ahead starting Saturday, followed by Sunday and Republic Day Monday, many people are making plans to enjoy the ‘mini vacation’. According to travel companies, there has been a surge of around 20 percent in the number of people going on a holiday this weekend as compared to a normal weekend. “The hustle and bustle of urban ...

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Oil Price: How long will it stay low?

          By Vatsal Srivastava Crude has fallen by over 60 percent since last June. I don’t recall any analyst predicting such price capitulation. It was a rare and difficult event to foresee and could be categorized as what mathematician Nasim Nischolas Taleb calls a “black swan event”. With crude prices trading at eight year lows, one ...

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Petrol price cut by 2.42, Diesel by 2.25 But Excise Duty up by Rs.2, What’s the Point?

Despite international crude oil prices going below $45 a barrel, India is not relenting its grip over it as the source of its taxation by offsetting the price cut with immediate and almost simultaneous hike in the excise duty by Rs.2 per litre, virtually making no difference in the sale price of fuel. On their part, state-run oil marketing companies ...

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Telangana Maiden Budget Rs.1 Lakh Crore, Self-Hike in MLA Salaries Amid Farmer Suicides Attract Ridicule

Telangana’s maiden budget was on Wednesday presented in the state assembly, proposing an expenditure of Rs.1,00,637 crore during 2014-15, including a proposal to hike MLAs’ salaries to Rs.2 Lakh per month, which was ridiculed in media citing unabated farmers’ deaths in rural areas. This includes a plan expenditure of Rs.48,648 crore and non-plan outlay of Rs.51,989 crore. Finance Minister Etela Rajender ...

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