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4 institutions connected with Mahatma Gandhiji's work to get Rs 30cr

New Delhi, Feb 28 (UNI) Finance Minister P Chidambaram today proposed Rs 30 crore for four institutions, as they continue the work of Gandhiji and other constructive work while the nation celebrates the 150th year of the First War of Independence and the Centenary year of Satyagraha movement.

The four institutions were Sabarmati Ashram at Ahmedabad Sewagram Ashram at Wardha, Bhandarkar Oriental Research Institute at Pune and Rajendra Samriti Sanghrahalaya at Patna.

Mr Chidambaram also provided Rs 20 crore to reposition the Nehru memorial museum and Library, Delhi as a major centre of intellectual activity.

He also proposed to make an initial grant of Rs 5 crore to the Ministry of Culture for engaging scholars from Indian and Forein Institutions to work on specific projects.

In recognition of their excellence, the minister also proposed a special grant of Rs 50 crore each to the Govind Ballabh Pant University of Agriculture and technology, Pant Nagar and the Tamil Nadu Agricultural University, Coimbatore.

UNI

RIDF corpus to increase to Rs 12,000 crore

New Delhi, Feb 28 (UNI) Finance Minister P Chidamabaram today said he would increase the corpus for Rural Infrastructure Development Fund (RIDF) for 2007-08 to Rs 12,000 crore and urged states to use these funds primarily in their distressed districts. In his Budget Speech for 2007-08, the Finance Minister said the RIDF continues to sanction and disburse funds to state governments and in 2006-07, out of a corpus of Rs 10,000 crore, NABARD has so far issued sanctions for Rs 8,440.....

Commerce Ministry gets marginal hike of Rs 1,977 cr in Budget

New Delhi, Feb 28 (UNI) Budgetary allocation for the Ministry of Commerce and Industry has been marginally hiked to Rs 1,977 crore in the Union Budget 2007-08, presented by Finance Minister P Chidambaram in the Lok Sabha today, up from Rs 1,925 crore sanctioned in the previous budget. Of this, the share of the Department of Commerce in this year's Budget has gone up to Rs 1,477 crore against Rs 1,425 crore earmarked in Union Budget 2006-07. Allocation for the Department.....

Budget announces one lakh scholarships for secondary education

New Delhi, Feb 28 (UNI) The Union Budget for 2007-08 today announced an ambitious 'National Means-cum-Merit Scholarship Scheme' to encourage students to continue their education beyond class VIII. Under the scheme, one lakh scholarships per year will be given for study in classes IX, X, XI and XII and a like amount would be added to the fund every year over the next three years. Each selected student will get Rs 6,000. A corpus of Rs 750 crore will be.....
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