Bengaluru: Karnataka state budget session will be held from March 15 to 28 and state budget will be presented on the first day of the session, said Karnataka State Minister for Law and Parliamentary Affairs TB Jayachandra speaking in a press conference in the state capital on Wednesday. Karnataka Chief Minister Siddaramaiah, also responsible for […]

Mangaluru: Stipend of the states Mayor, Deputy-Mayor and members of council will be hiked, said Chief Whip of Government in Legislative Council Ivan D’Souza. He was speaking after receiving felicitation from Mangaluru City Corporation, on Friday. “Finance ministry has already approved the proposal. The government will be announcing it soon,” he said. “Many council members […]

New Delhi: Government is likely to approve a hike in dearness allowance (DA) to 107% from the existing 100%, benefiting around 30 lakh Centre’s employees and its 50 lakh pensioners including dependents. “The average rate of retail inflation for industrial workers from July 1, 2013 to June 30, 2014 works out to be 7.25%. Thus […]

New Delhi: Amid growing economic concerns, the Finance Ministry  on Friday said that the country’s external debt rose to $426 billion at the end of December 2013. External debt increased by $21.1 billion over the March 2013 level. However, sovereign external debt came down from $81.7 billion  (March 31 2013) to $76.4 billion at the […]

Bangalore: For two reasons ,CM Sadananda Gowda’s debut in making a Budget speech claims people’s attention One, he presented the budget himself on March 21 at 11 A M, and not Yeddyurappa with all his monkey tricks. Secondly while Yeddyurappa had secretly pre-planned his own Budget speech with a few dependable bureaucrats helping him from […]

Bangalore: Labour Minister Mallikarjun Kharge has not agreed to invest 15% of PF money collections, in stock market as advised by Finance Ministry. Presently only 5% of Rs.3 lakh crores (or Rs.15000 crores) under EPF account is invested in Equity shares in market on the strict advice of financial advisers of hired by EPFO, and […]