P. Chidambaram's Interim Budget and Arun Jaitley's Union Budget Which one is better? Is Union Budget by Arun. A national interim Budget refers to the budget of a government that is going through a transition period. Updated:February 17, , AM IST. facebook. Amid constant interruptions by some members, Finance Minister P. Chidambaram presented the interim budget for in the Lok Sabha.


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What is interim Budget or vote-on-account? - News18

Rscrore has been allocated for food subsidy keeping in mind our Government's firm and irrevocable commitment to implement the National Food Security Act throughout the country. The allocation for defence has been enhanced by 10 percent from Rscrore in BE to Rscrore in One Rank One Pension It is an emotive interim budget 2014, it has legal implications, and it has to be handled with interim budget 2014 sensitivity.


During the tenure of the UPA Governments, changes in the pension rules applicable to the defence services were notified on three occasions inand interim budget 2014 As a result, the gap between pre retirees and post retirees has been closed in four ranks subject to some anomalies that are being addressed: There interim budget 2014 still a small gap in the ranks of Sepoy and Naik and a gap interim budget 2014 the ranks of Major and above.

We need a young fighting force, we need young jawans, and we need young officers. We also need to take care of those who served in the defence forces only for a limited number of years. Government has therefore decided to walk the last mile and close the gap for all retirees in all ranks.

Interim Budget Highlights - The Hindu BusinessLine

I am happy to announce that Government has accepted the principle of One Rank One Pension for the defence forces. This decision will be implemented prospectively from the financial year The requirement for is estimated at Rs crore and, as an earnest of the UPA Government's commitment, I propose to transfer a sum of Rs crore to the Defence Pension Account in the current financial year itself.

Interim budget 2014 Armed Police Forces A modernisation plan at a cost of Rs 11, crore has been approved to strengthen the capacity of Central Armed Police Forces and to provide them state-of-the-art equipment and technology.

Funds have been provided in the current financial year and for the next year. Interim budget 2014I propose to provide Rs 11, crore for capital interim budget 2014 in public sector banks.

They have opened 5, branches so far, against the target of 8, branches, and are near the goal of installing an ATM at every branch.

The Bharatiya Mahila Bank was inaugurated on Banks are under strain owing to rising non-performing assets. Bankers have assured me that as the economy turns they will be able to contain the NPAs, recover more loans, and build healthier balance sheets.

Interim budget 2014, I interim budget 2014 fail to acknowledge the yeomen service rendered by our banks in reaching Government's policies and programmes to the people.


This year, banks interim budget 2014 exceed the target of Rscrore of agricultural credit. I am therefore encouraged to set a target of Rscrore for Hon'ble Members will recall that an interest subvention scheme was introduced in There is a subvention of 2 percent and an incentive of 3 percent for prompt payment, thus reducing the effective interim budget 2014 of interest on farm loans to 4 percent.

So far, Rs 23, crore has been released under the scheme.

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I propose to continue the scheme in