Page 6 - Budget

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

White Paper record for posterity, a serious document: FM Sitharaman

She said the NDA government has the power and vision, which was lacking during the UPA's term

No quick fixes, took bold reforms to nurture economy: Govt in White Paper

The 59-page document, which compared the last two decades of the United Progressive Alliance (UPA) versus the NDA government, criticised the former for falling short of delivering on crucial reforms

Delivery of welfare schemes under Modi govt efficient: White Paper

It said during the 10-year rule of the Modi government, the amount unspent meant for schemes in social and rural sectors was just around Rs 37,064 crore

Emphasis on capex is the highlight of Interim Budget: FM Sitharaman

She also informed the Rajya Sabha that the unemployment rate in rural areas has decreased from 5.3 per cent in 2017 to 2.4 per cent in 2023

Parliament approves interim Budget 2024-25, with RS returning Finance Bill

Parliament on Thursday completed the exercise of passing the interim Budget for 2024-25, with Rajya Sabha returning the Finance Bill 2024 and the relevant appropriation bills. The Upper House also returned the appropriation bills related to the Union Territory of Jammu and Kashmir. The bills were returned to Lok Sabha after Finance Minister Nirmala Sitharaman's reply on the discussion. On Wednesday, Lok Sabha passed these bills. Rajya Sabha returned the Appropriation (Vote on Account) Bill, 2024; The Appropriation Bill, 2024; The Jammu and Kashmir Appropriation (No.2) Bill, 2024; The Jammu and Kashmir Appropriation Bill, 2024; and The Finance Bill, 2024. With Rajya Sabha returning all these money bills to Lok Sabha, the Budget process has been completed.

Highlight of interim budget emphasis on capex: FM Sitharaman in RS

Finance Minister Nirmala Sitharaman on Thursday said the highlight of interim budget is the emphasis given by the government on capital expenditure and sustaining pace of economic growth. She was replying to the general discussion on the Interim Union Budget 2024-25, Finance Bill 2024 and the Interim Budget of Union Territory of Jammu and Kashmir, 202425 in Rajya Sabha. The minister emphasised that capital expenditure for creation of public infrastructure is growing faster than real GDP growth. "With the capital expenditure being in the focus, in the last 3-4 years, we have made sure that our debt management is done in such a way that we honour the glide path for fiscal deficit that we had given in 2021," the minister said. She emphasised that money spent on capital expenditure gives return compared to revenue expenditure. "So public investment in infrastructure gives us greater returns," she said, and added the government is making sure that fiscal deficit is managed without hurt

Gujarat Assembly clears supplementary demands for grants worth Rs 7,500 cr

The Gujarat Assembly on Thursday approved supplementary demands for grants worth over Rs 7,500 crore which were incurred as additional expenditure during the financial year of 2023-24. Tabling the demands, Finance Minister Kanubhai Desai said additional funds were allocated beyond budgetary provisions to carry out pro-people work like building houses for tribals and lay new roads as well repair existing ones under the Mukhya Mantri Gram Sadak Yojana'. The minister said it is the government's resolve to provide houses to everyone. The government had initially allocated Rs 163 crore to build houses for tribals under the 'Pradhan Mantri Awas Yojana', he said. But, to cover the maximum number of beneficiaries, we had allocated an additional budget of Rs 821 crore. We have also increased scholarships for tribal students, which led to extra expenditure, said Desai. In all, the finance minister sought permission of the House for an additional expenditure of over Rs 7,500 crore spent by ..

MCD passes Rs 16,683 crore Budget for FY 2024-25 amid pandemonium

The Municipal Corporation of Delhi House on Thursday passed a budget of Rs 16,683 crore for 2024-25 financial year without a vote amid accusations of corruption against the mayor. The MCD passed the budget estimates for 2023-24 and 2024-25. AAP councillors stood guards at Delhi mayor Shelly Oberoi's podium as she announced the budget, with their BJP and Congress counterparts surrounding it. The house could function for no more than five minutes as Oberoi read the budget above shouts of accusations and hurried out. A total income of Rs 15,686.99 crore and expenditure of Rs 16,683.01 was approved by the House for the 2024-25 fiscal. The budget was passed in absence of MCD Commissioner who was supposed to present the budget followed by a vote.

Lakshadweep tourism: Island to receive Rs 3,600 cr infrastructure upgrade

Infrastructure upgrade initiative to include port facilities, roads, and beachfront amenities across Lakshadweep islands to boost domestic tourism

Andhra Pradesh govt tables interim budget of Rs 2.86 trillion for FY25

In terms of percentage, revenue deficit amounted to 2.19 percent of the GSDP while the fiscal deficit was 4.18 percent

Four state-owned banks may be approved to raise funds in H1 of FY25

Punjab National Bank eyes FPO, Central Bank of India seeks approval for OFS; move aimed at accelerating lending business and improving public participation