Uttar Pradesh Budget

The Uttar Pradesh Assembly on Friday passed the Indian Stamp (Uttar Pradesh Amendment) Bill-2024, which has a provision that the transfer of a property between blood relatives can be done by paying a stamp duty of Rs 5,000. Finance and Parliamentary Affairs Minister Suresh Khanna piloted the bill. He said the purchase and sale of land was done by making 'power of attorney', due to which there was loss of revenue. For example, the business of selling land worth crores of rupees by making 'power of attorney' at a nominal fee was going on in full swing, but now a provision has been made that people outside blood relations will have to pay stamp duty of seven per cent of the circle rate on the power of attorney, he said. This condition will not apply to 'power of attorney' only for the maintenance of lands. It has also been provided that in case of blood relations, there will be a facility to transfer a property paying a stamp duty of only Rs 5,000. The bill was passed with a majority

The BJP on Tuesday said the Uttar Pradesh budget underlines the growing economic might of the state and its proposals will help in research and skill development, women empowerment and farmers' progress. Party national spokesperson Gopal Krishna Agarwal said in a statement that for the first time the state's budget has crossed Rs 7 lakh crore and its fiscal deficit is at 3.4 per cent, which is within the mandated 3.5 per cent. The GDP of Uttar Pradesh has grown to become Rs 25.55 lakh crore and it will help the state play an important role in the country's development, he said. Agarwal said the budget will help realise Prime Minister Narendra Modi's resolve for a developed India and will strengthen infrastructure on the lines of the Union Budget. Citing various proposal for the development of infrastructure and sites associated with cultural and religious places, he said the budget is dedicated to "Ram Rajya" and will also create numerous employment opportunities. The Uttar Prades

The Budget allocates almost Rs 25,000 crore for new development schemes, especially targeted for the uplift of youth, women, farmers, and the underprivileged

With a view to provide world-class training to athletes at residential sports hostels, the Uttar Pradesh government on Monday proposed in the next fiscal's budget hiring of 50 international trainers. The state budget has proposed Rs 195 crore for the development of sports infrastructure in various districts, which is 67 per cent more than the current year. The state government said that 50 international players will be enlisted for training of sportsmen at an honorarium of Rs 1.5 lakh per month, state's finance minister Suresh Kumar Khanna said. He said Rs 50 crore is proposed for the construction of sports infrastructure with private participation in the state and Rs 50 crore for to reward the victorious players in national and international competitions. He said Rs 12 crore is proposed for the setting up of a sports science and injury centre.

The Uttar Pradesh government has allocated Rs 1,150 crore for the upcoming Noida International Airport at GautamBuddha Nagar in the budget for 2024-25. The announcement was made by UP's Finance Minister Suresh Kumar Khanna as he tabled the budget for the fiscal year in the state assembly on Monday. "A provision of Rs 1,150 crore is proposed for the establishment of an international airport and the purchase of land in Jewar of GautamBuddha Nagar district," Khanna said. Development is underway for phase one of Noida International Airport, which is scheduled to open for commercial operations by the end of this year. Earlier in his budget speech, Khanna said that with the inauguration of Maharishi Valmiki International Airport in Ayodhya, four international airports have become operational in the state and South Asia's largest international airport is going to open soon in Jewar, Noida. "With this, Uttar Pradesh will become the only state in India to have five international airports,"

The Uttar Pradesh government's annual budget for the next financial year has set a target of 5.1 per cent growth rate for the agriculture sector in the state. A provision of Rs 460 crore has been made for three new agriculture-related schemes in the budget. Finance Minister Suresh Kumar Khanna, while presenting the budget in the state assembly on Monday, said that the target is to achieve the growth rate of 5.1 per cent for the agriculture sector. He announced three schemes to push the agriculture sector. One of the scheme, State Agricultural Development Scheme, will have a provision of Rs 200 crore. Another Rs 200 crore has been allocated for the World Bank-assisted UP Agris Scheme. The third scheme for the installation of automatic weather station-automatic rain gauge in blocks and panchayats has been allocated Rs 60 crore, the state finance minister said. He further said that the Chief Minister Khet Suraksha yojna (Farm Security Scheme) is also being started with a provision

The collective effort aims to create a secure and conducive environment for students to excel in their examinations

Uttar Pradesh Finance Minister Suresh Kumar Khanna on Sunday that the state budget for 2024-25 will be based on Prime Minister Narendra Modi's vision of making India a developed nation by 2047. The minister finalised and signed the budget document on Sunday. The state budget for 2024-25 will be presented in the Uttar Pradesh Legislative Assembly on Monday. Khanna, in a statement, said that the "third all-inclusive, all-embracing budget of the second term of the Yogi (Adityanath) government of Uttar Pradesh is based on the resolution of Prime Minister (Narendra Modi) to make India a developed nation by the year 2047.". "Under the able leadership of Chief Minister Yogi Adityanath, this budget will become a strong pillar of making the state a 1 trillion dollar economy. This budget is dedicated to the overall development of the state as well as to rebuilding the infrastructure and bringing the poor, the underprivileged, the youth, women and farmers into the mainstream of development alo

Samajwadi Party's social media coordinator Manish Jagan Agarwal has been booked for allegedly making derogatory and abusive posts against former Allahabad university student's union president Richa Singh, officials said. Singh had contested the 2022 Uttar Pradesh Assembly poll from Prayagraj on a Samajwadi Party ticket. An FIR against Agarwal has been lodged at the Shivkuti police station on a complaint by Richa Singh who alleged being targeted by him on social media platform X, called Twitter till recently, police officials said. According to the FIR, Agarwal, who manages the official X account of the Samajwadi Party, used extremely indecent and derogatory language in response to a tweet by Singh on August 17. It is alleged in the FIR that Agarwal was openly threatening to humiliate and malign her through social media and other means. Based on the complaint, the police lodged an FIR on Friday under relevant sections of the Indian Penal Code and the Information Technology Act. It

The Uttar Pradesh government is likely to miss the budgeted revenue surplus of 2.8 per cent by a wide margin, even though it may meet the fiscal deficit target of 3.5 per cent next fiscal, says a report by India Ratings. Noting that the UP budget presented earlier this week made many over-the-top assumptions regarding nominal GSDP growth and own revenue, India Ratings said while the fiscal deficit target of 3.5 per cent of gross state domestic product (GSDP) for FY24 is achievable, the revenue surplus is expected to be half of what has been budgeted. While the state has budgeted a revenue surplus of 2.8 per cent of the GSDP, the agency expects it to be at just about 1.4 per cent in FY24. Barring FY21, UP has maintained its revenue surplus position since FY06. The Centre allows states to borrow 3 per cent of their GSDP or as fiscal deficit, and an additional 50 basis points if they meet certain reforms in the power distribution and certain areas. According to the revised estimates

The Uttar Pradesh government on Wednesday presented a Rs 6,90,242.43 crore Budget, including new schemes worth Rs 32,721.96 crore, for the financial year 2023-24. The total receipt is estimated at Rs 6,83,292.74 crore, which includes revenue receipts of Rs 5,70,865.66 crore and capital receipts of Rs 11,247.08 crore, Uttar Pradesh Finance Minister Suresh Kumar Khanna said. The share of tax revenue in revenue receipts is Rs 44,58,71.59 crore, including its own tax revenue of Rs 2,62,634 crore and the state's share in central taxes of Rs 1,83,237.59 crore. Its total expenditure is projected at Rs 6,90,242.43 crore. Out of this Rs 5,02,354.01 crore is spent on the Revenue Account and Rs 1,87,888.42 crore is spent on Capital Account. After deducting the total expenditure from the receipts of the Consolidated Fund, a deficit of Rs 6,949.69 crore is estimated. Net receipts of Rs 5,500 crore are estimated from Public Accounts, Khanna said. The net result of all transactions is estimated

State Finance Minister Suresh Khanna said that the focus is likely to be on infrastructure development, health sector and education

Disruption of House proceeding is neither in the interest of democracy nor for the state and the opposition should raise issues in a dignified way, Uttar Pradesh Chief Minister Yogi Adityanath said on Monday. Adityanath made the remarks ahead of the start of the Budget session of the Uttar Pradesh Assembly. "There can be 'asahmati' (differences) between ruling and opposition parties. The ruling side cannot run away from answering issues of public interest. Disruption (of House) is neither in the interest of democracy nor the state," he told reporters in assembly premises. He said the opposition should raise issues with "shalinta" (in a dignified way) and use "Prabhavi shabdavali" (effective words) in the House. "The budget for 25 crore people of the state will be presented on February 22. If needed, after discussion with other party leaders, the House will also meet on Saturday also," he said. The government, he said, was ready for a discussion and will reply on all issues raised

The Samajwadi Party (SP) MLAs protested against the policies of the state government outside the Uttar Pradesh assembly in Lucknow ahead of the commencement of the Budget Session on Monday

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

UP Govt. will be appointing Udyami Mitras (friends of entrepreneurs) soon for the implementation of Rs 33.52 lakh crore investment proposals received through the UP Global Investors Summit-2023

The Uttar Pradesh government is likely to table the supplementary budget on Tuesday, the second day of Uttar Pradesh's assembly session

The UP government has said unless the credit flow is equitable across the different regions, the goal of a $1-trillion economy would remain elusive

The company proposes to invest Rs 1071. 28 crore here with around 1,500 expected employment avenues

Uttar Pradesh recorded 15,747 fresh Covid-19 cases that took the infection count to 15,96,628 while 312 more fatalities pushed the death toll to 16,958