Chowdhury further stated that Congress president Sonia Gandhi has suggested that the Centre should "provide free food grains to the needy" along with Rs 6,000 per month to all unemployed persons.
Sensex and Nifty50 have already rallied by over 50 percent each from the March lows, but a roaring rally post the stimulus measure, if any, is unlikely, say experts.
Budget 2013 Analysis: Private companies in liquidation as directors liability increased.
Sources tell CNBC-TV18 the government is not in the mood for a "flashy Budget". That means no more subsidies a.k.a government handouts. The FM may focus on schemes for women and youth. He may announce an all women‘s bank. Sources say youth-oriented schemes may get a push.
This year's budget will be a mix of soft and hard. The threat of rating downgrade will not let finance minister have a free hand at doling out largess while the taste of past electoral successes reaped by populist schemes will not let govt go slow on making its voters happy.
Union Finance Minister P Chidambaram justified direct cash transfer to beneficiaries of welfare schemes and wondered why some are opposed to the move, which keeps middlemen at bay.
A look at the crucial issues involved.
A lot of infrastructure has to work together for UID to succeed, says Edgar Whitley.
Union Finance Minister P Chidambaram said the Direct Cash Transfer (DCT) scheme to the targeted sections of people "will be a simple and error-free" arrangement with the utilisation of technology.
Describing the proposed Direct Cash Transfer scheme a 'pure magic' that brings a big responsibility on banks for its implementation, Finance Minister P Chidambaram asked bankers to work with the government to make the scheme a success.
With only a fortnight left for rollout of the ambitious Direct Cash Transfer programme, Prime Minister Manmohan Singh will hold a meeting with ministers concerned tomorrow to review its preparations.
The government has begun a pilot project to give key subsidies in the form of cash to Aadhaar-card holders in Maharashtra's Wardha district, but is the banking sector ready to support the exercise?
CNBC-TV18's look at the challenges these districts are facing in implementing the government's ambitious direct cash transfer. Gopika Gopakumar reports from Wardha, one of the districts selected for the pilot project.
India is in the throes of a massive experiment. Everything the government gives its citizens- pension, fertilizers, insurance, kerosene, employment, dole and scholarships, will all be in the form of cash through a bank account with the beneficiary identified through his/her biometric details
Congress today dismissed suggestions that the Election Commission has snubbed the Government by asking it to defer implementation of direct cash transfer scheme in Gujarat and Himachal Pradesh where polls process is on.
Voicing concern over announcement of direct cash transfer scheme during the operation of Model Code of Conduct, the Election Commission has directed the government to keep in abeyance its implementation in Gujarat and Himachal Pradesh where the poll process is on.
Budget 2012 has proposed to direct cash transfer of LPG, kerosene subsidy. Direct cash subsidy for LPG, kerosene is a positive for oil PSU’s. Budget 2012 to bring subsidy to 1.7% of GDP in next 3 years.
Budget 2012 has proposed to direct cash transfer of LPG, kerosene subsidy. Direct cash subsidy for LPG, kerosene is a positive for oil PSU’s. Budget 2012 to bring subsidy to 1.7% of GDP in next 3 years.