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3. Arun Jaitley: It has never happened in India that an Appropriation Bill defeated in Assembly has been declared passed by the Speaker. There has been no greater subversion of Constitution. (Image Source: PTI)
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HEFA will have an initial capital base of Rs 1,000 crore which will leverage funds from the market and work to create infrastructure in India's top institutions like IITs. (Image Source: PTI)
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HEFA, Jaitley said, will be a not-for-profit organisation that will leverage funds from the market and supplement them with donations and CSR funds. "These funds will be used to finance improvement in infrastructure in our top institutions and will be serviced through internal accruals," he said. (Image Source: PTI)
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Finance Minister Arun Jaitley and outgoing Rajya Sabha member and Congress leader Jairam Ramesh today indulged in a light hearted banter and used cricket to take each other on. Here are some memorable hits and misses:
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Budget 2016: The Department of School Education and Literacy has got an allocation of Rs 43,554 crore in the financial year 2016-17 as compared to Rs 42,186 crore as per the revised estimates for 2015-16. The Department of Higher Education was allocated Rs 25,399 crore for the year 2015-16 while it Rs 28,840 crore for the year 2016-17. He also declared that 62 new Navodaya Vidyalayas will be opened in the remaining uncovered districts over the next two years. (Image Source: PTI)
