Chief Minister Yogi Adityanath, during the commencement of the session of the Uttar Pradesh Legislature for the year 2024 on Friday, appealed to all opposition members to think above party politics and engage in constructive discussions in the House for the development of the state. Before the start of the session, he noted that the positive image cultivated about the state, both nationally and globally, would be advantageous for opposition parties as well. He urged them to actively participate in constructive discussions. CM Yogi expressed, “I extend my heartfelt congratulations to everyone on the successful completion of the grand consecration…
Author: Aruna Sharma
(PTI) The fiscal deficit for 2024-25 is estimated at 5.1 per cent of GDP against 5.8 per cent in the current financial year, Finance Minister Nirmala Sitharaman said on Thursday. Presenting the interim Budget 2024-25, Sitharaman said tax receipts for 2024-25 projected is projected at Rs 26.02 lakh crore. She informed that the fiscal deficit in FY24 is expected at 5.8 per cent of GDP, down from 5.9 per cent estimated earlier.
(PTI) Finance Minister Nirmala Sitharaman on Thursday said there are no changes in tax rates for direct and indirect taxes, including import duties. She also said the number of tax filers has swollen 2.4 times and the direct tax collection has trebled since 2014. The processing time of tax returns has been reduced from 93 days in FY14 to 10 days; and refunds have been made faster, she said.
(PTI) Coal gasification and liquefaction of 100 metric tonne will be set up by 2030, Finance Minister Nirmala Sitharaman said on Thursday. In January, the government approved an outlay of Rs 8,500 crore as financial assistance for promoting coal, lignite gasification projects. The government has also approved setting up of a coal-to-SNG (Synthetic Natural Gas) project through a joint venture between Coal India and GAIL at an investment of Rs 13,052.81 crore and coal-to-ammonium nitrate project through a joint venture between CIL and BHEL for Rs 11,782.05 crore.
(PTI) Finance Minister Nirmala Sitharaman on Thursday said the government will provide viability gap funding for 1 GW offshore wind energy. The country has a target of 500 GW of renewable energy capacity by 2030. She said the viability gap funding will also be provided for harnessing offshore wind energy capacity of 1 GW for achieving net-zero emissions by 2070.
(PTI) The government will expand the electric vehicle ecosystem to support charging infra, and e-buses for public transport networks will be encouraged, Finance Minister Nirmala Sitharaman said on Thursday. Sitharaman, in her pre-election Budget, which is technically a vote on account and popularly termed an interim Budget, also said the blending of compressed biogas into compressed natural gas for transport and piped natural gas will be mandatory. Biomanufacturing and bio foundry scheme will be launched to provide environment-friendly alternatives for bio-degradable production, she added.
(PTI) The country’s capital spending for 2024-25 has been raised 11 per cent to Rs 11.11 lakh crore, or 3.4 per cent of GDP, Finance Minister Nirmala Sitharaman said on Thursday. She said the tripling of capex in the last four years has resulted in a multiplier effect on economic growth and employment generation. The minister said the Indian air carriers have placed orders for 1,000 new aircrafts. PTI MSS RR .
((PTI) A new scheme will be launched to strengthen deep tech for the defence sector, Finance Minister Nirmala Sitharaman said on Thursday. Presenting the interim Budget 2024-25, Finance Minister Nirmala Sitharaman also said the government will promote public and private investment in post-harvesting agriculture activities. She said the application of nano DAP on various crops will be expanded in agri-climatic zones.
(PTI) Finance Minister Nirmala Sitharaman on Thursday announced plans to increase milk and dairy production in the country. India is the largest milk producer in the world but there is low productivity, the finance minister said. India’s milk production rose 4 per cent to 230.58 million tonnes in 2022-23.
(PTI) The government on Thursday announced the extension of healthcare cover under Ayushman Bharat to all ASHA and anganwadi workers. Ayushman Bharat Pradhan Mantri-Jan Arogya Yojana (AB-PMJAY) is the largest publicly funded health insurance scheme in the world that provides coverage of Rs 5 lakh per family per year for secondary and tertiary care hospitalisation. Till December 27 last year, 55 crore people belonging to 12 crore families were covered under the scheme.