"As per the budget estimates, we are going to spend Rs 7,618 crore in the next year on medical benefit and Rs 1,184 crore on cash benefit for the workers and the family members covered under the ESI scheme," Dattatreya, the Union Minister of State for Labour and Employment, said.
In an interview with CNBC-TV18, Kaku Nakhate discussed her expectations for the Union Budget said that the markets are going through a cycle where demand is there but it will take time for capacities to catch up.
At a meeting of the Joint Committee on Salaries and Allowances of Members of Parliament on Wednesday, a number of MPs favoured routing of report of any independent mechanism, being set up to review salary and allowances of MPs, through the panel, which draws its power from Parliament, sources said.
There is still need to focus on increasing the ease of doing business and single window clearances all over India. It is still difficult to put up new plants in India, said Vivek Chaand Sehgal, Chairman, Motherson Sumi Group.
According to the global financial services major, India's GDP and gross value added (GVA) grew by 7.3 percent and 7.1 percent, respectively in October-December 2015, reflecting a slowing growth momentum from the first half of this fiscal.
Aiming to control animal diseases and boost milk output, the Agriculture Ministry has sought measures like a new scheme on animal health card, e-market platform for bovine germplasm and increase in allocation for Rashtriya Gokul Mission in Budget 2016.
"We would urge upon the the Union Government to fully compensate the state for the CST loss through adequate provision in the Union Budget 2016-17," Pradip Kumar Amat, Finance Minister of Odisha said during the meeting.