TMC slams BJP over issue of allocation of funds for rail projects in West Bengal
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Last Updated: Feb 07, 2021, 12:46 PM IST
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Taking to Twitter, TMC MP and national spokesperson Derek O Brien said, In election season, BJP s tourist gang are touting record Railway allocation for Bengal. The truth is, multiple rail projects have been shelved in Bengal and funding choked all these years.
New Delhi: The TMC on Sunday lashed out at the BJP over its assertion that it has allocated the highest-ever funds for railway works in West Bengal, and claimed the state has been deprived of funds for years and multiple rail projects shelved.
FDI cap hike to raise insurance penetration, help attract overseas funds: Experts
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Last Updated: Feb 07, 2021, 01:06 PM IST
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The proposed increase in FDI would also likely result in increased value for customers by way of more product options at reduced costs, he said.
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New Delhi: Implementation of the Budget proposal to raise the foreign direct investment (FDI) limit in the insurance sector to 74 per cent will help attract overseas capital and enhance insurance penetration in the country, according to experts. Deloitte India Partner and Financial Services Industry Leader Sanjoy Datta said the announcement to raise the FDI cap in the sector was a much-awaited move by the government. It is in direct recognition of the requirement for significant capital inflows to provide adequate levels of insurance cover to the population, he added.
"I want to stress on the budget (allocation) for the agriculture sector. The budget allocation for agriculture was Rs 88,811 crore between 2009 and 2014, which was increased to Rs 4,87,238 crore between 2014 and 2020, registering a growth of 438 per cent," he said.
The Finance Commission has tried to balance need, equity and efficiency: NK Singh
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The FC’s chairman NK Singh explains the rationale and thinking behind the recommendations and the institution’s legacy of trust.
The 15th Finance Commission’s (FC’s) final report, which will cover the period between 2021 and 2026, was released along with the Union Budget. The FC has stuck to the existing devolution formula providing for transfer of 41% of the divisible pool of central taxes to states. The FC’s chairman NK Singh explains the rationale and thinking behind the recommendations and the institution’s legacy of trust to Sidhartha: