MCA to get allocation of Rs 255.25 cr for next fiscal

Tags: News
The Corporate Affairs Ministry will get a budgetary allocation of Rs 255.25 crore for the next fiscal.

According to the Interim Budget proposals, the government has earmarked Rs 255.25 crore in the next fiscal (2014-15) as compared to Rs 233.36 crore in the revised estimates for this fiscal, indicating a growth of 9.4 per cent.

This includes an allocation of Rs 24 crore towards plan expenditure and Rs 231.25 crore for non-planned expenditure, as per Interim Budget presented by Chidambaram in Parliament today.

The think-tank Indian Institute of Corporate Affairs (IICA), which comes under the MCA, would be one of the major beneficiary.

It would get Rs 22.76 crore in the next fiscal, against the revised estimate of Rs 18.23 crore in 2013-14 period.

EDITORIAL OF THE DAY

  • Finalising the formula for fixing the fair market value of shares calls for a detailed debate

    Whenever there is a change of regime at the Centre, the new government has its tasks cut out for execution.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Roopen Roy

High CEO pay and the gaps it leaves

Unlike the UK, Norway took a remarkable decision with its ...

Zehra Naqvi

Watch your words, for they can kill

You must’ve heard the ph­rase ‘if looks could kill’. Ever ...

Dharmendra Khandal

Biodiversity day has come and gone. Yet again

Every year on May 22, world celebrates international biodiversity day. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture