Rs.33 bn budget for Bangalore infrastructure

July 20th, 2009 GANDHINAGAR - The Gujarat government has sought a Rs.705-crore ($146-million) aid package from the World Bank to upgrade urban infrastructure in 10 townships, a senior government official said Monday. The official at the department of urban development said the amount, if sanctioned, would be used to upgrade infrastructure in the towns like Bhavnagar, Jamnagar, Junagadh and Veraval so that these areas could attract more industrial investments.

July 6th, 2009 New Delhi, July 6 (ANI): Bombay Stock Exchange (BSE) crossed 15,000 points on Monday as investors built positions ahead of presentation of general budget. Following the trends of the BSE the National Stock Exchange (NSE) also gained 14 points on the opening day.

July 6th, 2009 BANGALORE - Youngsters in India's IT hub Bangalore, who have been hugely affected by the global economic recession due to large scale job losses and lack of newer employment opportunities, have expressed mixed feelings over Monday's union budget. If young professionals have expressed happiness on the increase in the income tax exemption limit and end of fringe benefit tax, they are dissatisfied over the budget not having given a clear cut indication to end job losses and generation of employment opportunities.

July 6th, 2009 NEW DELHI - Infrastructure development continues to be a priority area for the United Progressive Alliance (UPA) government with Finance Minister Pranab Mukherjee increasing public investment in this sector. "The investment in infrastructure for the growth of economy is critical.

July 6th, 2009 PANAJI - Neither Goa Chief Minister Digambar Kamat nor the captains of industry have acknowledged any specific benefit to the state's crucial tourism industry in the union budget presented Monday. While the Congress chief minister in his formal reaction welcomed the budget for its thrust on rural development and listed a string of generic highlights, Kamat failed to acknowledge how the financial exercise would specifically benefit Goa.

July 2nd, 2009 KOLKATA - With 'Didi' Mamata Banerjee in charge of the Railways ministry again, business leaders and commoners in West Bengal are expecting a series of sops for the state when she presents her budget in parliament Friday. Trinamool Congress chief Banerjee, who has returned as Railways minister after eight years, has left very few in doubt that West Bengal will be a focal area in her budget proposals.

June 22nd, 2009 NEW DELHI - Delhi's Finance Minister A.K. Walia Monday presented a 'thank you' budget to people for voting the Congress to power for the third consecutive term in the state, retaining the tax structure unchanged, except on tobacco products, and unveiling several new infrastructure projects ahead of Commonwealth Games 2010.

May 16th, 2009 BANGALORE - Congress veteran and former railways minister C.K. Jaffer Sharief lost to Congressman-turned Bharatiya Janata Party (BJP) nominee D.B.

May 16th, 2009 BANGALORE - With the Karnataka results out, the young voters of India's IT hub are impatient to see the winning candidates work for the overall development of the city. Of the 28 Lok Sabha seats in Karnataka, three are in the capital - Bangalore Central, Bangalore South and Bangalore North.

April 2nd, 2009 BANGALORE - The Indian Institute of Management-Bangalore (IIM-B) Thursday announced a modest increase in the fee structure for post-graduate programmes from the ensuing 2009-10 academic year. The fee has been increased by Rs.25,000 to Rs.5.25 lakh from Rs.5 lakh for 2009-10 and by Rs.50,000 to Rs.5.75 lakh from Rs.Rs.5.25 lakh for the second year (2010-11), IIM-B school director Pankaj Chandra told reporters at the school campus.

March 25th, 2009 NEW DELHI - GMR Infrastructure, the Bangalore-based infrastructure developer focussed on airports, power and highways, Wednesday announced the setting up of a separate division for the construction business. 'This strategy would progressively lead to the backward integration of the company's infrastructure projects, the construction component whereof has so far been outsourced to reputed construction companies,' the company said in a regulatory statement.

February 21st, 2009 BANGALORE - With an eye to the upcoming general elections, the Bharatiya Janata Party (BJP) government in Karnataka sought to woo all sections of the people by proposing a please-all budget for the ensuing fiscal 2009-10. Chief Minister B.S.

February 15th, 2009 NEW DELHI - An amount of Rs.10 billion has been earmarked in the interim budget for building infrastructure for the 2010 Commonwealth Games, an official statement said here Monday. 'The Delhi government has been allocated an amount of Rs.24.18 billion in the union interim budget 2009-10 presented Monday in parliament by acting Finance Minister Pranab Mukherjee,' the statement said.

February 15th, 2009 NEW DELHI - Hours after External Affairs Minister Pranab Mukherjee presented the interim budget for 2009-10, India Inc. said Monday that the budget failed to live up to expectations, but welcomed the higher spending in social and infrastructure sectors, saying it will become the 'main source of demand generation'.

February 8th, 2009 NEW DELHI - Justice Arijit Pasayat of the Supreme Court Monday quit hearing a lawsuit on implementation of prestigious Bangalore-Mysore expressway in Karnataka. He abandoned the hearing on a plea by former prime minister H.D.