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The Union Finance Minister Shri Pranab Mukherjee said that the growth rate would be around 7.2 percent during the current year. He said that due to current uncertainty in global economy as euro zone crisis is still unresolved and volatility in international commodity prices especially fuel etc, it may be difficult to contain the fiscal deficit at 4.6 percent as targeted during the last budget.
The following Bills, after having received the assent of the President on 12th January, 2012, have been published as Acts in the Gazette of India, Extraordinary, Part-II, Section-1, dated the 13th January, 2012: 1. Constitution (Ninety Seventh Amendment) Bill, 2011 as the Constitution (Ninety seventh Amendment) Act, 2011;
The Union Finance Minister, Shri Pranab Mukherjee has emphasized that in a federal country like ours, States and Centre complement each other in managing the fiscal policy and the economy. He said that coordination between Centre and States is extremely vital for creating a conducive environment for growth and inclusive development in the country.
Gold and silver are set to become more expensive as the government has changed the duty structure on precious metals from specific to value-linked. The change will enable the exchequer to rake in an additional 600 crore rupees during the remaining months of this fiscal. As per the changes, customs and excise duty will now be levied on the value of the precious metals instead of a fixed amount, meaning that the incidence of duty will move up with the rise in prices of the goods, thereby making them more expensive.
Calculation of Retirement Date for Central Govt Employees and State Govt Government Employees. The Calculator calculates Retirement Year , Month & Date. As per the Govt Order the Retirement Date must be last day of the month in which one reaches the retirement age but if employees s Date of Birth is 1st Day of Month, then his Date of retirement will be last Date of previous month in which he completes his retirement age.
The Union Finance Minister Shri Pranab Mukherjee said that food inflation has come down on the negative side in the last two consecutive weeks. The annual rate of inflation (year on year) for December 2011 has declined to 7.47% as against 9.11 % in November 2011 and 9.45% in December 2010. The Finance Minister Shri Mukherjee was addressing the representatives of Trade Union Groups as part of the ongoing Pre-Budget Consultations exercise for the year 2012-13.
India’s exports for the month of April- December 2011 have registered a growth of 25.8%, at US $ 217.6 billion. Interacting with the media persons here today, Shri Rahul Khullar, Commerce Secretary, informed that during the period April—December 2011, the imports were US $ 350.9 billion with a growth of 30.4% and a Balance of Trade stood at US $ (-)133.3 billion, during the same period. Shri Khullar also informed that India’s exports in December 2011 were US $ 25 billion and imports stood at US $ 37.8 bn Balance of trade for the month of December 2011 stood at (-) 12.8 billion US $.
The Delhi High Court warned social networking site Facebook India and search engine Google India that websites can be ‘blocked’ like in China if they fail to devise a mechanism to check and remove objectionable material from their web pages. ‘Like China, we will block all such websites,’ Justice Suresh Kait said while asking counsel for Facebook and Google India to develop a mechanism to keep a check and remove “offensive and objectionable” material from their web pages.
On December 30, 2011, Shri Pawan Kumar Bansal, the Minister for Parliamentary Affairs spoke to the media and gave a detailed account of the Bills that were passed in one or both the Houses and the Bills that are pending for consideration. Of these, only the Lokpal and Lokayuktas Bill and the Whistle Blowers were passed by the Lok Sabha and are now before the Rajya Sabha. One Bill has been reported by the Standing Committee and other Bills are with the Standing Committee.
The Union Finance Minister Shri Pranab Mukherjee said that he is confident that moderation in inflation would continue in the coming months, though softening in the prices of manufactured goods, despite the rapid decline in non-food primary inflation, may be more gradual.
