Page 9 - Budget

Delhi Metro gets Rs 500 cr in Budget, 6 mn use service every day: Atishi

The Delhi government allocated Rs 500 crore for the Delhi Metro in its 2024-25 Budget tabled on Monday, with Finance Minister Atishi saying in the assembly that more than 60 lakh people commute on the service every day. In 2014, around 24 lakh passengers used the urban transporter daily, Atishi said. Presenting the 2024-25 Budget with a total outlay of Rs 76,000 crore, Atishi said providing good public transportation facilities to every resident of Delhi is the responsibility of the government. Under the guidance of Chief Minister Arvind Kejriwal, "significant improvements" have been made in the public transportation sector in Delhi, she said. By March 2015, a total 193 kilometres of metro network and 143 stations were established in Delhi. However, in the past nine years, the Delhi Metro network has doubled in length to 393 kilometres while the number of stations has increased to 288, she added. Atishi said in her address that around 24 lakh passengers travelled daily in the metr

Delhi Budget FY24-25: Focus on education, women, and health. All details

Delhi Finance Minister Atishi introduced the Delhi government's Budget of Rs 76,000 crore for the fiscal year 2024-25 in the state Assembly

UK's Jeremy Hunt plays down talk of big tax cuts in pre-election budget

'We don't have as much of a positive outlook as we had at the end of the Autumn Statement,' he said in an interview, referring to last November's fiscal update

Delhi Budget: Govt likely to allocate Rs 1,000 cr for unauthorised colonies

The Delhi government is expected to announce a fiscal boost of about Rs 1,000 crore for initiatives to uplift unauthorised colonies in its upcoming budget, sources on Saturday said. Delhi Finance Minister Atishi is slated to present the budget 2024-25 on March 4. In the upcoming budget of the state government, Delhiites can expect a big fiscal boost for unauthorised colonies, especially for strengthening their road infrastructure, a source told PTI. "For the fiscal year 2024-25, the Kejriwal government may announce a budgetary package of nearly Rs 1000 crore," the source said. Delhi has nearly 1,800 unauthorised colonies, accommodating 30 per cent of the city's population. The Delhi government is likely to strengthen the road network in these unauthorised colonies and augment water supply pipelines and sewer networks. A total of 1,031 unauthorised colonies in the city are already connected to the sewer network, with a total installation of 4,000 plus kilometers of sewer lines, ..

4-fold hike in ICMR's budgetary allowance in 10 years: Mansukh Mandaviya

The ICMR's budgetary allowance has seen a four-fold hike in the last 10 years, showcasing the government's commitment towards health research, Union Health Minister Mansukh Mandaviya said on Saturday. Mandaviya chaired the Governing Council Meeting of the Indian Council of Medical Research (ICMR) here on Saturday. The meeting was also attended by Minister of State for Health and Family Welfare Bharati Pravin Pawar. It was convened to engage in discussions on the ICMR's recent contributions, explore the initiatives spearheaded by the council, and outline the strategic roadmap for the future of medical research, a health ministry statement said. Mandaviya lauded ICMR's key advancements and initiatives propelling medical research and development in the country. He emphasised that the government's commitment coupled with the ICMR's relentless efforts, will position India on the global stage as a leader in medical research and development, the statement said. The Union health minister

Nagaland CM presents Budget, announces universal life insurance scheme

Nagaland Chief Minister Neiphiu Rio on Tuesday announced a fully-funded universal life insurance scheme as he presented the Budget for 2024-25 which did not propose any hike in taxes. Presenting the budget on the second day of the ongoing session of the State Assembly, Rio, who also holds the finance portfolio, said gross receipts are estimated at Rs 23,978.05 crore and the gross expenditures are pegged at Rs 23,727.88 crore. The budget estimate is an increase of Rs 644.22 crore compared to the previous financial year where the amount was at Rs 23,083.66 crore. Rio termed the budget as people centric and tax-free for the welfare of the people in general. Among significant measures, the state government announced a fully-funded universal life insurance scheme to mitigate financial hardship due to untimely demise of a family's breadwinner. The Chief Minister's Universal Life Insurance Scheme will be fully funded by the state government. A life insurance coverage of Rs 2 lakh will be

Chhattisgarh Assembly passes Budget; state aims for developed tag by 2047

A provision of Rs 8,369 crore has been made in the budget 2024-25 for the construction of 18 lakh houses under the Pradhan Mantri Awas Yojana

Delhi L-G writes to CM to expedite 'stalled' process of Budget presentation

Delhi Lieutenant Governor V K Saxena on Saturday wrote to Chief Minister Arvind Kejriwal urging him to expedite the "stalled" process of budget presentation in the Assembly. The Delhi government in a statement said the budget was en route to the LG office for his approval. "The budget was by Finance Minister Atishi with the presidential nod, around February 20. It is a financial document of utmost importance for the entire 2024-25 fiscal, so due diligence at micro level is required, and this takes time," read the statement. The Delhi Assembly's Budget Session, which started on February 15, was extended till the first week of March with the finance minister citing a delay in its finalisation and seeking approval of the Ministry of Home Affairs (MHA). The Budget Session was initially scheduled to end on February 21. Saxena said that he addressed the Assembly on February 15, and the House was informed by the chief minister and the finance minister that the presentation of the budget

Failed budget of a failed government in Haryana: Bhupinder Singh Hooda

Congress leader Bhupinder Singh Hooda on Friday dubbed the Haryana budget, presented in the Assembly by Chief Minister Manohar Lal Khattar, as a "failed budget of a failed government". There is nothing much in the budget and it has disappointed every section of the society, Hooda, the Leader of Opposition in the Assembly, said. Khattar on Friday announced waiver of interest and penalty on certain crop loans and did not hike taxes as he presented a Rs 1.89 lakh crore budget for the 2024-25 financial year. Criticising the government over the budget, Hooda said, "Everyone in the state will have debt on their head, responsibility will be only with the people, all employment will become private." "The public was hopeful that since it was an election budget, at least in the announcement, people would get some relief this time from inflation, unemployment, exorbitant taxes and economic recession. But the government dashed the public's expectations," he said. He said the BJP-JJP coalition

Govt has taken various measures to enhance social security net: Khattar

Haryana Chief Minister Manohar Lal Khattar on Friday said the state government has taken various measures to enhance the social security net for people. While presenting the budget for 2024-25 in the Assembly, Khattar, who also holds the finance portfolio, said the 'Old Age Samman Allowance' and related pensions are now Rs 3,000 per month, higher than Rs 1,000 in December 2014. The provision for social security pensions has been increased from Rs 1,753 crore in 2013-14 constituting 3.2 per cent of the total budget expenditure to Rs 10,971 crore in FY 2024-25, constituting 5.78 per cent of the total budget expenditure, he said. The total number of beneficiaries is now over 31.51 lakh increasing from 22.64 lakh in December 2014, said Khattar. "We have taken the government to the doorstep of the beneficiary with the implementation of the 'Old Age Samman Allowance', 'Divyang Pension', and widower pension for those above the age of 40 years and have been widowed and unmarried pension fo

CM Sangma presents Rs 2,029 crore deficit Budget in Meghalaya Assembly

Meghalaya Chief Minister Conrad K Sangma on Wednesday presented a Rs 2,029 crore deficit budget for the 2024-25 financial year, calling the document 'Mission 10', an action plan for making the northeastern state a USD 10 billion economy by 2028. In his budget speech, Sangma, who also holds the finance portfolio, said that the total receipts stood at Rs 27,072 crore, of which revenue receipts were at Rs 23,515 and capital receipts at Rs 3,557 crore. Excluding borrowings of Rs 3,527 crore, the total receipts were estimated to be at Rs 23,545 crore, while the total expenditure was at Rs 27,072 crore, of which revenue expenditure was estimated to be at Rs 19,653 crore and capital expenditure at Rs 7,419 crore, he said. Excluding the repayment of Rs 1,498 crore loans, the total expenditure is estimated to be at Rs 25,574 crore, the CM said. He said interest payments for the 2024-25 fiscal were estimated to be at Rs 1,236 crore and pension payments at Rs 1,865 crore. "I am, therefore, .

Navi Mumbai civic body approves Rs 4,950 crore Budget for 2024-25

Navi Mumbai Municipal Commissioner Rajesh Narvekar on Tuesday approved a budget of Rs 4,950 crore for 2024-25, with no hike in taxes and emphasis on public welfare and civic development. Talking to PTI, Narvekar said an inclusive approach was adopted while formulating the budget, and suggestions from citizens were also incorporated. The Navi Mumbai Municipal Corporation (NMMC) is expecting Rs 1,626 crore in Goods and Services Tax, Rs 900 crore in property tax, Rs 244 crore in government grants, Rs 104 crore from water cess, and Rs 90 crore by way of registration incomes and permits, among other income, he said. In the budget, Rs 954 crore have been earmarked for civic amenities, Rs 865 crore for administrative services, Rs 521 crore for water supply and sanitation, Rs 432 crore for solid waste management, Rs 216 crore for health services, Rs 250 crore for transport and Rs 180 crore for education, the official said. Addressing concerns about pollution, especially due to infrastructu

Domestic market enough to take in our capacity: Jindal Stainless MD

Jindal says that the strategy is to focus on the domestic market

Himachal Budget: Losses of public sector firms hit Rs 5,143 cr in FY23

Cumulative losses of public sector enterprises in Himachal Pradesh stood at Rs 5,143.46 crore as on March 31, 2023 and 14 out of 23 such units were in the red, according to a state government report. The report on public sector units was tabled in the state assembly on Saturday during the presentation of the annual budget for the next financial year. Himachal Road Transport Corporation topped the list with a loss of Rs 1,966.13 crore, followed by Himachal Pradesh State Electricity Board which lost Rs 1,823.97 crore. While HP Power Corporation registered a loss of Rs 6,89.24 crore, HP Power Transmission Corporation lost Rs 372.59 crore. Loss of HP Himachal Financial Corporation stood at Rs 184.83 crore, HP Tourism Development Corporation recorded a loss of Rs 12,663 crore, State Forest Corporation Rs 98.21 crore and Himachal Horticulture Produce Marketing and Processing Corporation (HPMC) Rs 91.20 crore. On the other hand, Himachal Pradesh Industrial Development Corporation was amon

Himachal Pradesh CM Sukhvinder Singh Sukhu announces hike in MSP for milk

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Saturday presented the annual Budget of Rs 58,444 crore for 2024-25 with focus on the agriculture sector, and announced an increase in the Minimum Support Price (MSP) for milk. Presenting his second state Budget, Sukhu, who also holds the finance portfolio, hiked the MSP of cow milk from Rs 38 to Rs 45 per litre and buffalo milk from Rs 38 to Rs 55 per litre. Himachal is the first state to give MSP on milk, he said. He said liabilities of all milk cooperative societies will be waived off and Rs 150 crore will be spent on strengthening infrastructure for milk procurement and its processing. The CM announced Rajiv Gandhi Prakriyat Kheti Yojna, under which 36,000 farmers -- 10 farmers from every panchayat -- will be trained in natural farming techniques. Sukhu further said universal cartons will be introduced for apple packaging and horticulture tourism will be encouraged. He reiterated the state government's resolve to make

CM Sukhu presents supplementary Budget of Rs 10,307 cr for 2023-24

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Thursday presented the first and last instalment of the Supplementary budget of Rs 10,307.59 crore, including Rs 7,267.41 crore under State Schemes and Rs 3,040.18 crore under centrally sponsored schemes. Presenting the demands, Sukhu said that major expenditure proposed under the State Schemes included Rs 3,367.76 crore for repayment of ways and means, advance/overdraft, 696.44 crore for water supply and sanitation, Rs 598.71 crore for pensions and other retirement benefits, Rs 442.09 crore for assistance to Himachal Road Transport Corporation, Rs 279.32 crore for construction of hospitals, HIMCARE yojana and Mukhya Mantri Chikitsa Sahayata Kosh. A sum of Rs 215.02 crore proposed for roads and bridges, Rs 110.76 crore construction of multipurpose buildings, Mini Dwarka, Secretariats, State Guest House in New Delhi and maintenance of various office building, Rs 110.67 crore rail projects, Rs 102.47 crore for Urban Local Bodies

FM Nirmala Sitharaman addresses Reserve Bank of India board of directors

The Board also reviewed the global and domestic economic situation and outlook, including the challenges posed by geopolitical developments and global financial market volatility

Assam govt presents Rs 2.9 trn Budget with deficit of Rs 774 cr, no new tax

The Assam government on Monday presented a Rs 2.9 lakh crore budget for the 2024-2025 financial year with a deficit of Rs 774.47 crore and proposed no new tax. Presenting the annual financial statement for the next fiscal, Assam Finance Minister Ajanta Neog also said the government will support the education of 10 lakh girls up to post graduation level in order to eliminate child marriage from society. "The Budget Estimates of 2024-25 show a receipt of Rs 1,43,605.56 crore under the Consolidated Fund of the state. After adding the receipt of Rs 1,44,550.08 crore under Public Account and Rs 2,000 crore under Contingency Fund, the aggregate Receipts amount to Rs 2,90,155.65 crore," she added. As against this, the total expenditure from the Consolidated Fund in 2024-25 is estimated atRs 1,43,890.62 crore, Neog said. She further said that taking into account, the expenditure of Rs 1,42,670.09 crore under the Public Account and Rs 2,000 crore under the Contingency Fund, the aggregate ..

Lok Sabha, Rajya Sabha adjourned sine die as Budget session concludes

House took decisions for which many generations waited for long: PM Modi

Parliament Budget session: Ram Temple issue takes centre stage on last day

The Ram temple construction took centre stage on the last day of Parliament's budget session Saturday with both houses holding a discussion on its consecration ceremony and Prime Minister Narendra Modi saying adoption of a laudatory resolution on it will give constitutional strength to the future generations to feel proud of the country's values. Several members in both Lok Sabha and Rajya participated in the discussion that lasted a few hours. The CPI-M staged a walk-out from Rajya Sabha. Modi noted in Lok Sabha that the discussion on the Ram temple was important for the next generation. In a swipe at the opposition which has constantly targeted the BJP over the temple issue, he said, "This is true that not everyone has the capacity for these things. Some people are brave to face it while others run away from the battlefield. But for the future record, the speeches that were made today have sensitivity, resolve and sympathy... It also takes forward the mantra of 'sabka saath, sabka