Page 3 - States Budget

Haryana Budget targets youth with more govt jobs, tweaks welfare schemes

Haryana unveiled its 2023-24 Budget on Thursday, hoping to woos young people with a promise of 65,000 new government jobs, a venture capital fund to encourage new businesses and an incentive for girls to study at technical institutes. At Rs 8,316 crore, the allocation for Agriculture and related sectors is up 19 per cent over the previous year and the government will shell out more under pension schemes for the needy. The Opposition, however, trashed the Budget. Indian National Lok Dal (INLD) leader Abhay Singh Chautala called it "jugglery of figures". The Rs 1.83 lakh crore budget, presented by Chief Minister Manohar Lal Khattar in the state assembly, sets aside Rs 400 crore for the Haryana Gau Sewa Aayog - a 10-time increase in the amount sanctioned last year for the body tasked with taking care of stray cattle. The Chirayu-Ayushman Bharat medical insurance scheme will now cover families earning up to Rs 3 lakh per year. They will pay a premium of Rs 1,500 per year which is 50 p

Rs 27 cr allotted for promotion of millets in Haryana budget FY24: Khattar

A project of Rs 27 crore is being prepared to promote the cultivation of millets, said Haryana Chief Minister Manohar Lal Khattar while presenting the state budget for 2023-24. The state government has also set a target of 20,000 acres of land for the adoption of natural farming in the state, said Khattar in the state assembly here. While tabling the fourth budget of the second term of his government in the state, Khattar proposed a 19 per cent increase in allocation for the agriculture and allied sectors and cooperation at Rs 8,316 crore for the year 2023-24. "Agriculture and allied activities contribute 18.5 per cent to the economy of the state. The contribution of Haryana's farmers to the economic development of India is well recognized," said Khattar in the House. Khattar said on the request of the government of India, the United Nations is celebrating 2023 as the International Millets year and the government of India is actively promoting the cultivation and consumption of ...

Manipur CM presents budget with expenditure proposal of Rs 35,022 cr

Manipur Chief Minister N Biren Singh on Tuesday presented in the assembly the budget for 2023-24 with an expenditure proposal of Rs 35,022 crore out of the consolidated fund of the state. The budget proposals focus on education, health, sports and agriculture, said Singh who also holds the finance portfolio. For the year 2023-24, I am proposing a total expenditure of Rs 35,022 crore out of the Consolidated Fund of the State. The total Revenue Expenditure is estimated at Rs 20,292 crore while the Capital outlay is estimated at Rs 10,013 crore, the CM said. In the Budget Estimate 2022-23, the total expenditure estimated was Rs 34,930 crore. The total receipts are estimated at Rs 34,131 crore - revenue receipts at Rs 27,547 crore and capital receipts at Rs 6,584 crore. Total estimates of the state's own tax and non-tax receipts are Rs 3,200 crore and Rs 400 crore respectively. The budget deficit is estimated at Rs 891 crore, which is a reduction from last year's budget deficit of Rs

BJP MLAs walkout from all-party meet ahead of Odisha's Budget session

Opposition BJP legislators walked out of an all-party meeting convened by Odisha assembly Speaker Bikram Keshari Arukha on Monday, a day before the budget session is slated to begin. The members of the saffron party walked out of the meeting demanding that no member be allowed to attend the proceedings of the House in virtual mode. As COVID-19 has subsided substantially and restrictions have been withdrawn, there is no need to allow any member to participate in House proceedings through virtual mode, Leader of Opposition Jaynarayan Mishra of BJP said. Pointing out that no state assembly or Parliament now allows members to attend the House proceedings through virtual mode, Mishra said therefore, the Odisha Assembly should also follow the all-India practice, and ask all legislators to be physically present in the House instead of attending it from their homes. They (the ruling party) are not listening to any of our issues and are doing whatever they want due to their majority in the

Deputy CM Sisodia meets market associations to prepare for Delhi Budget

Delhi Transport and Revenue Minister Kailash Gahlot and Chamber of Trade and Industries Chairman Brijesh Goyal were also present during the meeting

Speaker seeks support for smooth functioning of House in UP budget session

In an all-party meeting ahead of the Uttar Pradesh Budget Session, Speaker Satish Mahana on Sunday sought the support of members in the smooth functioning of the House. The session will start on Monday with the Governor's address to the joint sitting of the legislative assembly and the legislative council. The speaker also requested all members to be present for the address and proceedings. The meeting was attended by Chief Minister Yogi Adityanath, members of the ruling BJP as well as opposition parties. Though Leader of Opposition in the Uttar Pradesh Assembly and Samajwadi Party (SP) chief Akhilesh Yadav was not present, the party was represented by its chief whip in the assembly Manoj Kumar Pandey. In this first session of the year, discussion on Budget-2023, is going to be held according to parliamentary norms, the chief minister said. "The House is the place for meaningful discussions. All of us ran the House during the Covid period, which was appreciated in the country and

Karnataka Govt allots Rs 30 cr to build startup park near Bengaluru airport

Karnataka Chief Minister Basavaraj Bommai on Friday said a state-of-the-art startup park would be established at a cost of Rs 30 crore near Kempegowda International Airport here. Presenting his government's last budget in the Legislative Assembly, he also said new industrial clusters will be established in nine places by Karnataka State Small Industries Development Corporation (KSSIDC). Bommai said a feasibility report has already been prepared for the construction of airports in Davangere and Koppal districts, and steps will be taken to commence the construction work this year. Stating that people are showing more interest in air travel mode with a view to saving time and for hassle-free travel, the Chief Minister said in this background, the government has undertaken a record number of five new airports work in Shivamogga, Vijayapura, Hassan, Raichur and Karwar districts. Shivamogga and Vijayapura airport work will be completed this year itself, he said. Noting that administrat

Upcoming Maha budget will take care of interest of citizens: CM Shinde

Maharashtra Chief Minister Eknath Shinde on Wednesday said his government is people-oriented and the upcoming state budget will contain measures that will benefit common citizens. Deputy Chief Minister Devendra Fadnavis, who also holds charge of the finance portfolio, will present the state budget for fiscal 2023-24 on March 9. Speaking after inaugurating the renovated Bhagwa Talao (lake) in Kalyan town of Thane district, his political turf, Shinde praised the Union Budget for the next fiscal which was presented in the Lok Sabha on February 1. "Similarly, the budget of the state government will be beneficial to common citizens and reflect their aspirations," he said. Shinde said his government, which assumed office in June last year, is public-oriented and committed to the welfare of people. "This government is yours and you are of the government. This Chief Minister is yours and you are mine," he said. Shinde said his administration's single-point programme is to make the life .

Bengal FM presents Rs 3.3 crore, projects 8.4% growth in state GDP

Her budget proposal has some good news regarding development of the rural road network in the state

First Budget of Congress govt will be people-centric, says HP CM Sukhu

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Sunday in Nadaun said that the first budget of his government will be "people-centric" and the change will be for all to see in a year. The government was maintaining financial discipline considering the overall fiscal position of the state and few stringent decisions will have to be taken to bring it back on track, he said. "Wait for one year, you will find change in the system," Sukhu said addressing people in his home constituency, which he reached five hours ahead of the schedule. The Chief Minister said the government was committed to work for the welfare of every last man in the state. He assured the people that there won't be a dearth of funds for the construction of Dr Radhakrishnan Medical College in Hamirpur and it will be equipped with the latest technology to become the model health institution from the state. The government will open a nursing college in the premises of the medical college, he added. Earlier i

Best of BS Opinion: Deficient regulation, structural strength, and more

Here is the best of Business Standard's opinion pieces for today

States do Centre a good turn

A sharp reduction in states' deficit augurs well for the Centre's fiscal planning

Bommai to present popular, surplus budget in poll-bound Karnataka in Feb

Karnataka Chief Minister Basavaraj Bommai will present the state budget for 2023-24 fiscal in February ahead of the Assembly elections scheduled to be held in April-May this year

Are states with high levels of poverty spending less on MGNREGS?

Experts said an institutionalised system of social audits will clear lots of doubt

States seek greater fiscal space, budgetary autonomy from finance ministry

The federal government fixes the permissible budget gap. It was set at 3.5% of GSDP for 2022-23, with some extra room given to states who meet certain conditions

Weak revenue, high capital outlays to keep States' debt at decadal high

The aggregate indebtedness of states, is expected to remain elevated at 30-31 per cent this fiscal, almost similar to 31.5 per cent of last fiscal, Crisil report said

States' MGNREGA under probe for potential financial misappropriation

Some states have been using more than permitted MGNREGA funds to build rural infrastructure instead of generating livelihood opportunities for rural needy, says Central government

FM criticises states seeking more funds, says 'You, Me' culture won't work

Union Finance Minister Nirmala Sitharaman on Monday criticised states seeking greater funds from the Central government on the basis of the fact that they generated more revenue

States' borrowing cost eases for third week in a row, dips to 7.52%

States breathed easy in the debt market as the average cut-off on their market borrowings dipped sharply to 7.52 per cent, down 15 basis points from last week to the lowest level since mid-May. This is the third consecutive week of falling cut-off, as in the last two sessions the cost has come down by 10 basis points (bps). Last week the yield declined by 7 bps to 7.67 per cent. At the weekly auction of State Development Loans (SDLs) on Tuesday, six states raised Rs 5,900 crore, which is nearly 54 per cent lower than indicated in their borrowing calendar for the week, Icra Ratings said in a note. The weighted average cut-off eased sharply by 15 bps to 7.52 per cent at Tuesday's auctions. Similarly, there was also a decline in the weighted average tenor of the securities, the agency said. It attributed the steep fall in yields to a fall in the weighted average tenor which declined to 13 years from 15 years as also a fall in cut-off across tenors. The weighted average cut-off of the

Punjab: In AAP govt's 1st budget, health, agri, education are focus areas

Presenting the AAP government's first budget, Punjab Finance Minister Harpal Singh Cheema on Monday announced providing 300 units of free electricity to households from July 1