Most large states have fallen behind their budgeted capex targets by a wide margin in FY23, which was pegged at Rs 7.4 lakh crore but could spend only Rs 5.71 lakh crore or 76.2 per cent only, according to an analysis. Only four states -- Karnataka, Sikkim, Arunachal and Bihar -- have over-achieved their targets, while Jharkhand and Madhya Pradesh's capex spending stood at 98 per cent each. Eleven states fared better with 80 per cent target achievements, as per the analysis by Bank of Baroda economists. As against this, in FY21, the underachievement level was a high 72 per cent, primarily due to the pandemic emergency spending, and had improved to 95 per cent in FY22. Surprisingly, none of the 25 states whose data are available has been able to achieve the target by even three-fourths as the peak success rate is only 72.4 per cent, according to the analysis. This is surprising as the Centre had disbursed the required amounts for the year. The poor show was led by Andhra, which cou
The local chapter of Indian Chamber of Commerce and Industry on Monday welcomed the Tamil Nadu Budget, particularly with the announcement of Metro Rail Project for Coimbatore allocating Rs 9,000 crore. State Finance Minister Palanivel Thiaga Rajan presented the budget for 2023-24 in the Assembly today. In a statement, Chamber president B Sriramulu appreciated and thanked Chief Minister M K Stalin for announcing allocation of Rs 77,000 crore for developing Mega Power Project generating 14,500 MW of power by 2030. This will support industrial development and overcome power shortage problem, he said. To felicitate the students from Tamil Nadu to get trained to appear for Civil Services exams, he said the stipend of Rs 7,500 per student each for a period of 10 months will motivate them from this region to join the Civil Services. The announcement for integrated projects for planned development to be launched for Coimbatore Ezhilmigu Coimbatore and allocating Rs 172 crore for Semmozhi
Education and health sector will get the highest allocation in the annual budget of the Arvind Kejriwal government for the 2023-24 financial year, officials said on Sunday. In the 2022-23 Delhi Budget, the education sector received the highest allocation of Rs 16,278 crore, a slight decline from the previous fiscal budgetary outlay of Rs 16,377 crore. The health was allocated Rs 9,769 crore in the 2022-23 budget while it was Rs 9,934 crore in the previous budget. According to government officials, new tablets will be provided to all teachers, including regular, guest and contractual, vice principals and principals of Delhi government schools. "Dr Ambedkar Schools of Specialized Excellence (SoSE) started with 20 institutes in 2021. This will be increased to 37 in the coming financial year with a capacity of about 10,000 children," said an official. The official said Delhi government schools will work closely with their feeder schools in the Municipal Corporation of Delhi to improve
Most of the other major states, including Gujarat, Uttar Pradesh, Karnataka, Kerala, Rajasthan, Telangana and Haryana, hew close to either extreme
Keeping its interests in mind ahead of the Assembly elections scheduled for 2024, the Andhra Pradesh government has allocated the lion's share of the state Budget -- more than Rs 54,000 crore of the total Rs 2,79,279 crore -- to Direct Benefit Transfer (DBT) schemes, targeting potential voter segments such as pensioners, farmers, students and women. Finance Minister Buggana Rajendranath tabled the 2023-24 Budget in the Legislative Assembly on Thursday. Andhra Pradesh has for long focused on governance that balances both welfare and development, and its budgetary allocation of as much as Rs 54,228 crore for DBT schemes is in keeping with that model. The increase of about 10 per cent in the allocation, from Rs 48,882 crore in 2022-23, indicates that the government has its eye on the upcoming elections next year. The DBT schemes include YSR Pension Kanuka (Rs 21,435 crore) for senior citizens, persons with disabilities and transgender persons; YSR Rythu Bharosa (Rs 4,020 crore), which
The budget session of the Himachal Pradesh Assembly will commence on March 14 and Chief Minister Sukhvinder Singh Sukhu will present the budget for 2023-24 on March 17. Speaking to mediapersons on Friday, Assembly Speaker Kuldeep Singh Pathania said the 24-day session would have 18 sittings. There will be two private member's days on March 16 and 24. The budget would be passed on March 29, Pathania said. He said the Assembly secretariat has so far received 543 starred questions -- 391 online and 152 offline -- and 189 un-starred questions. The general discussion of the budget would be held on March 20, 21, 22 and 23, while discussion on demands for grants would be held on March 27, 28 and 29. An all-party meeting presided over by the speaker would be held ahead of the session on March 13.
The Eknath Shinde-led Maharashtra government on Thursday presented its maiden Budget for 2023-24 in which it proposed Rs 6,000 assistance to farmers and Re 1 crop insurance scheme while also offering relief in professional tax to working women, 50 per cent discount on ticket fares to women in state-run buses and a new scheme for the girl child. Deputy Chief Minister Devendra Fadnavis, who is also the state Finance Minister, presented a revenue deficit budget of Rs 16,222 crore in the Legislative Assembly with a total outlay of Rs 1,72,000 crore. Announcing a crop insurance scheme for farmers at Re 1, the deputy CM said the government will bear the financial burden of Rs 3,312 crore. "Under the earlier crop insurance scheme, the farmers had to pay two per cent of the crop insurance premium. Now, the farmers will not need to pay anything as the government will pay the premium amount," he said. Apart from this, the budget also proposed the 'Namo Shetkari Mahasanman Scheme', under whi
The government will open 700 clinics in the state under the Hindu HridaySamrat Balasaheb Thackeray Aapla Dawakhana offering free medical tests, therapy and treatment
Maharashtra's new women's policy would be introduced during the ongoing Budget session of the state legislature, the government said on Wednesday. Women and Child Development Minister Mangal Prabhat Lodha made the announcement in the Legislative Assembly while replying to a debate on the issue. The debate on women's policy had been initiated in the House to mark International Women's Day. The state government will take note of all the suggestions put forth by the MLAs with regard to welfare, security and empowerment of women, Lodha said. The government will also table its performance report on decisions related to women empowerment regularly, he added. The new policy will be practical, he said, adding that a'tourist policy' for women will also be announced. A 'janata durbar' will be held for women at the district level every month where 50 complaints will be taken up, he said. A women's bazaar to promote products of Self-Help Groups has also been proposed every month in all ...
Ahead of the budget session, scheduled from March 27 to 31, Goa government has invited ideas and suggestions from industrialists, students, and the public for a "public-centric" budget
The Madhya Pradesh government on Wednesday presented a Rs 3.14 lakh crore Budget for 2023-24 with a provision of Rs 8,000 crore for Mukhkyamantri Ladli Behna Yojna, a new scheme to be rolled out for the welfare women in the state where the Assembly polls are due this year-end. No new taxes were announced in the Budget which was presented by state Finance Minister Jadgish Devda in the Assembly. He described it as the "Budget of the public". Devda announced a provision of Rs 8,000 crore for the Mukhkyamantri Ladli Behna Yojna, Chief Minister Shivraj Singh Chouhan's flagship scheme. The Ladli Behna scheme will be rolled out from March 5 in the state. Under the scheme, women will be given Rs 1,000 assistance per month with certain riders including that they are not Income Tax payee, as per a government official. Devda said the budget has a provision of Rs 36,950.16 crore for Scheduled Tribes (Sub-Scheme), Rs 2,60,86.81 crore for Scheduled Castes (sub-scheme), Rs 11,406 crore for the .
In his bypoll campaign here, Tamil Nadu Chief Minister M K Stalin on Saturday said that an announcement on the proposed date of launch of Rs 1,000 monthly assistance scheme for women heads of families would be made in the Budget to be presented next month in the Assembly. The hectic campaign by parties that stretched over a month for the February 27 Erode (East) bypoll ended at 6 PM and Stalin and AIADMK top leader K Palaniswami addressed people at a string of locations here seeking their votes. A day after Palaniswami targeted the ruling DMK over the so far unfulfilled promise of monthly assistance to women, Stalin said the date from which the assistance scheme would be implemented shall be made known in the Budget. The main opposition AIADMK swiftly flagged Stalin's announcement as a violation of the model code of conduct and wrote to the Returning Officer seeking appropriate action. In his subsequent address at another neighbourhood, Stalin said there was no violation of any rul
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
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 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
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
Delhi Transport and Revenue Minister Kailash Gahlot and Chamber of Trade and Industries Chairman Brijesh Goyal were also present during the meeting
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 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
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 .