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Government Concessions for Exporters
August 23: The government will continue to offer concessions valued at Rs 1,052 crore to exporters, chiefly for the labour oriented textile, handicrafts as well as leather segments, to assist them undergo the weak fiscal revival worldwide.
"We are not yet out of the woods," Commerce and Industry Minister Anand Sharma observed while making available the schemes akin to DEPB, by virtue of which taxes are compensated to exporters, as well as financially backed interest and concessions for import of capital goods are offered.
Unveiling the yearly supplement to the Foreign Trade Policy 2009-14 in New Delhi on Monday, he noted that the significance of these actions in terms of revenue would be Rs 1,052 crore.The government clarified that the well-liked Duty Entitlement Pass Book (DEPB) system, which has been in existence for more than a decade, would be extended for the final time.
“Recognising the fragile recovery and the prevailing uncertainties (in the global markets), I have been able to obtain extension of DEPB one last time for a further period of six months till June 30, 2011", Sharma remarked.
By Our Delhi Correspondent
Early Polls in West Bengal Ruled Out By Election Commission
August 21: The Election Commission has once more discarded the likelihood of bringing forward the Assembly polls in West Bengal. Chief Election Commissioner S Y Qureshi made this remark while addressing newspersons in Kolkata saying that the Assembly elections in West Bengal were expected to take place in June next year and the commission could arbitrate on the topic just six months prior to it.
He assessed the current revision of electoral rolls at a top level conference. Talking about the objections aired by a number of political outfits concerning nearly 56 lakh fresh submissions for enlistment in the voters’ lists, Qureshi noted that it was fairly usual in an election year as people’s fervor was great all through this period.
Members Of Parliament Emphasize on Greater Salary Enhancement
August 20: Government on Friday encountered agitation in the Lok Sabha, hours subsequent to its resolution to enhance the salary of Members of Parliament to Rs 50,000 with a number of supporters belonging to the opposition political outfits rushing to the well and forcefully asking that it be enhanced to Rs 80,001.
Supporters belonging to the SP, BSP, JD(U), RJD, Shiv Sena as well as the Akali Dal said aloud, "Stop the insult of MPs and implement report of the parliamentary committee" , compelling Speaker Meira Kumar to suspend the House two times.
Earlier the House was adjourned till noon while members stood up all through Question Hour asserting that government had "insulted Parliament" by not accepting the suggestions of its own Committee to enhance the basic salary to Rs 80,001 every month, a rupee greater in comparison to the maximum paid to a government officer.
This occurred as news came that the Union Cabinet, at a gathering previously in the day, had agreed to a suggestion to enhance the basic salary of MPs to Rs 50,000 from existing sum of Rs 16,000.When the House again gathered at noon, Mulayam Singh Yadav leader of the SP and Lalu Prasad leader of the RJD, led their slogan shouting followers to the well of the House with Shiv Sena, Akali Dal as well as JD(U) members joining them. With the agitation continuing, the Lok Sabha Speaker suspended the proceedings of the day.
By Our Delhi Correspondent
Government gives assurance on land acquisition Bill
Aug 17: The government on Tuesday announced that it would put forward a wide-ranging Bill on the topic of land acquirement at the earliest. Mr. Pranab Mukherjee, Leader of the Lok Sabha, gave an assertion to the House that the concerns of the peasants could not be endangered.
Reacting to the apprehension of members belonging to different political outfits in the House with regard to the topic of land acquirement as well as the firing on cultivators in Uttar Pradesh, Mr. Mukherjee asserted that a group led by Agriculture Minister Mr. Sharad Pawar was taking the required efforts to give proper shape to the Bill. Previously, members belonging to various political outfits said that they wanted the government to alter the prevailing Bill on land acquirement and rehabilitation, keeping in mind the interest of the cultivators.
By Our Delhi Correspondent
RBI rate augmentation to curb price rise: Pranab
 July 27: Finance Minister Pranab Mukherjee has observed that the Reserve Bank's resolution to enhance short-term key rates would curb price rise without affecting expansion.
"I expect this policy will lead to further easing of inflation which already is going down and it should also keep us fully on track in terms of growth," Mukherjee made this revelation while talking to the media within the Parliament compound on Tuesday.
In its first quarter fiscal evaluation, the central bank on Tuesday augmented short-term lending as well as borrowing charges by 0.25 percent and 0.50 percent correspondingly.
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