MCA to get allocation of Rs 255.25 cr for next fiscal

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

  • Because our politicians elbowed out our teachers on Teachers’ Day

    The Swachch Bharat campaign made the highest leaders sweep. Teachers’ Day is making them teach.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Sachin Shridhar

Crouching tiger, hidden dragon

The Chinese are consummate gamblers. If you visit a casino ...

Zehra Naqvi

Capturing change

The pace of change in the world around us can ...

Gautam Gupta

Bring on the Benares brigade

It was in 2003 when I first started work and ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture