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Tag: Union Budget 2015

  • Union Budget 2015-16: Govt proposes film production & gaming centre in AP

    Union Budget 2015-16: Govt proposes film production & gaming centre in AP

    KOLKATA: For the North Eastern states, a centre for film production, animation and gaming will be set up in Arunachal Pradesh said Indian Finance Minister Arun Jaitley, while presenting the Union Budget 2015 in Lok Sabha on Saturday.

     

    The proposal by the Minister has been given a thumbs up by the industry players as they feel that Arunachal Pradesh should get promoted. “It is an encouraging step, no doubt about it,” said a media executive.

     

    The blueprint might state in details all plans of the government for the film production, animation and gaming centre.

     

    The government is also likely to launch a National Skills Mission through the Skill Development and Entrepreneurship Ministry. Jaitley said that the Mission will consolidate skill initiatives spread across several ministries. It will allow the government to standardize procedures and outcomes across 31 Sector Skill Councils, he added.

     

    “India is one of the youngest nations in the world with more than 54 per cent of the total population below 25 years of age. Yet today less than five per cent of our potential workforce gets formal skill training to be employable and stay employable,” said Jaitley.

     

    An Apprenticeship Training Institute for Women will be set in Haryana and Uttarakhand during the year 2015-16.

     

    To enable all poor and middle class students to pursue higher education of their choice without any constraints of funds, a fully IT based Student Financial Aid Authority is proposed to be set up during the year 2015-16.

     

    It will administer and monitor scholarships as well as Educational Loan Schemes, through the Pradhan Mantri Vidya Lakshmi Karyakaram to ensure that no student misses out on higher education for lack of funds.

     

    Jaitley announced that the government will launch all India Institute of Medical Sciences (AIIMS) in Jammu & Kashmir, Punjab, Tamil Nadu, Himachal Pradesh and Assam in the fiscal year 2015-16.

     

    Similarly, to augment Medical Sciences in Bihar, another “AIIMS like” institute is proposed to be set in the state.

     

    In his Budget Speech, the Finance Minister also proposed to set up an IIT in Karnataka and upgrade Indian School of Mines, Dhanbad into a full-fledged IIT.

  • Budget 2015- Returning Indian economy to the path of explosive growth

    Budget 2015- Returning Indian economy to the path of explosive growth

    MUMBAI: With Budget 2015, the entire nation awaits with hope. As Railway Minister, Suresh Prabhu and Finance Minister, Arun Jaitley present the Rail and Union Budget on 26 and 28 February respectively, nearly every economic indicator is favourable – inflation is down, so are crude oil prices, foreign exchange reserves are at a peak and foreign investors are interested again in India’s stock markets.

     

    So, what will Prime Minister Narendra Modi and his team do to return India to the oath of exponential growth?

     

    To decode this much-awaited budget, CNN-IBN and IBN7 will bring rolling coverage on the Rail Budget and Union Budget 26 February (today) and on 28 February, respectively, under the aegis of the specially branded shows Modi Express & The Modi Budget on CNN-IBN and Prabhu Ki Patri & Jaitley Ki Potli on IBN7.

     

    These will be a culmination of a series of pre-budget shows that both channels have been running capturing the mood, expectation and suggestions from a cross-section of individuals from corporate to entrepreneurs to students. With more than 18 hours of live programming on each channel, the network is all set to be the one stop destination for viewers to know everything about the upcoming budgets.

     

    The finest editorial teams of both the channels including Bhupendra Chaubey, Sumit Awasthi, Karma Paljor, Shereen Bhan, Sanjay Pugalia and Anubha Bhonsle will bring budget updates, public reactions and impact assessment.

     

    They will be joined by the country’s most formidable economists and commentators including former member-traffic, railway board SB Ghose Dastidar, Concor/Container Corporation of India founding CMD Raghu Dayal, former additional member, planning, railway board Sumant Chak and Smartwave railway expert / CEO Sanjeeva Shivesh for Rail Budget 2015.

     

    For Union Budget 2015, experts such as India Foundation head Shaurya Doval, Industry and Commerce former secretary Dr. Ajay Dua, former finance secretary C M Vasudev, former chief economic adviser Dr. Arvind Virmani, Sr. Journalist / Columnists Swapandas Gupta and Ashok Malik and former chief economic adviser Dr. Shankar Aachraya will be on-board.