Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: form 3cd :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: TDS :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT RATES :: cpt :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4%
Budget Extravaganza »
 How Union Budget 2018 impacts individual taxpayers
  How Budget 2018 will be different due to GST
 This is how Budget 2018 announcements may help you save tax
 Here's why the government advanced the Budget date
 Will Budget 2018 Reduce Your Income Tax? 10 Expectations
 How Budget 2018 will be different due to GST
 Will Budget 2018 cut tax on switch from dividend to growth option in mutual funds?
 Startup eco-system looks forward to the budget for addressing tax dilemma
 High time to prioritise non-tax revenue in the Budget
 Govt may abolish dividend distribution tax in budget
 Budget making in the GST era: paradigm shift

Parliamentary panel asks govt to adopt fresh outlook towards agriculture budget
May, 02nd 2012

A parliamentary standing committee has taken a grim view of constant pruning of budget of agriculture ministry. It has asked the Centre to adopt a fresh outlook towards allocation of finances to the sector as it sustains economically weak farming community.

The parliamentary panel examining the demands for grants of agriculture ministry found that in the Eleventh Plan there was a wide difference between proposed budget estimate (BE) of the ministry and the approved budget estimate.

Moreover, the budget estimate amount was pruned at revised estimate (RE) stage and the actual expenditure was almost half of the proposed BE. During oral evidence of officials of agriculture ministry, finance ministry and Planning Commission, the panel found that the final allocations are pruned seeing past expenditure of the ministry.

The panel, however, has taken a serious note of this practice. It has observed in its report, "during the course of examination of demands for grants of the department the committee observes that there was a variation in figures between the amount initially approved of Rs 8,174 crore and the actual allocation of Rs 5,910 crore by the Planning Commission, thus leaving a gap of about Rs 2,264 crore. This realignment of figures by the Planning Commission and the Ministry of Finance bewilders the Committee."

The parliamentary committee said that there had been repeated pleas by the department for its full allocation.

"Keeping the importance of this sector in view of providing sustenance to the economically weak farming community, the committee desires the government to have a fresh outlook on this aspect during the Twelfth Plan and to ensure that full quota of allocated funds are actually provided to the department in the annual allocations of the 12th Plan."

During its oral evidence the Plan panel had said that agriculture was one of the priority sectors for it, but when allocation is done criteria such as expenditure over the previous year, absorption capacity of the department and unspent balance are applied.

However, the Plan panel has assured the standing committee that there would be better allocation to the sector in the 12th Five Year plan.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions