Connect with us
Sunday,09-August-2026
Breaking News

Business

Yogi government in Uttar Pradesh presents state’s largest Budget with an eye on 2024 polls

Published

on

With an eye on the upcoming Lok Sabha elections, the Uttar Pradesh government led by Chief Minister Yogi Adityanath, on Thursday tabled a budget of
Rs 6,15,518.97 crore for the financial year 2022-23.

This is almost double the size of Rs 3,46,935 crore budget presented by Akhilesh Yadav government for the financial year 2016-17.

It includes new schemes worth Rs 39,181.10 crore.

The state government has also announced budgetary provision worth crores of rupees to strengthen the police and maintain law and order in the state.

Tabling the budget in the Assembly, state Finance Minister Suresh Khanna said that the government has not only made a record payment of Rs 1,72,745 crore to sugarcane farmers until May 16, 2022, which is Rs 77,530 crore more than the five years of accumulated payment of Rs 95,215 crore during Akhilesh Yadav’s government, but has also proposed Rs 1000 crore for payment to the remaining sugarcane farmers.

The budget proposes free irrigation facility to farmers through 34,307 government tube-wells and 252 minor branch canals as well as Rs 1000 crore under Mukhya Mantri Laghu Sinchai Yojana to address irrigation related issues of the state.

Furthermore, the budget proposes accidental insurance of Rs 650 crore for farmers under Mukhya Mantri Krishak Durghatana Kalyan Yojana.

The Yogi government aims to distribute 2 crore smartphones and tablets in the next five years, including 12 lakh in the current financial year itself.

It has also proposed Rs 897 crore for multi-modal connectivity projects under PM Gati Shakti Yojana and Rs 694. 34 crore for the 594 km long six-lane Ganga Expressway from Meerut to Prayagraj.

The total receipts in the current financial year are estimated at Rs 5,90,951.71 crore, including revenue receipts of Rs 4,99,212.71 crore and capital receipts of Rs 91,739 crore.

The share of tax revenue in revenue receipts is Rs 3,67,153.76 crore. This includes its own tax revenue of Rs 2,20,655 crore and the state’s share in central taxes of Rs 1,46,498.76 crore. The fiscal deficit is estimated of Rs 81,177.97 crore which is 3.96 per cent of the estimated Gross State Domestic Product.

The budget not only focuses on the education of youth and their employment, but also empowerment of women and farmers as well as all-round growth of the state and law and order.

Business

Q1 results, inflation, US-Iran tensions among key triggers likely to drive stock market next week

Published

on

Mumbai, Aug 9: Indian stock markets are likely to remain volatile next week as investors track a busy earnings calendar, the release of July retail inflation data, movements in crude oil prices, geopolitical developments surrounding the US-Iran conflict and foreign institutional investor (FII) flows.

Indian equities ended the week on a positive note despite heightened volatility, with investors assessing the implementation of the new Closing Auction Session (CAS) framework for F&O stocks, the Reserve Bank of India’s monetary policy decision and persistent geopolitical uncertainties.

The Sensex gained 0.52 per cent over the week to close at 78,499.17, while the Nifty rose 0.77 per cent to finish at 24,570.65.

A key focus for investors next week will be the ongoing Q1 FY27 earnings season. Several prominent companies are scheduled to announce their April-June quarter results.

Markets will also react to India’s July retail inflation data, which is scheduled to be released by the Ministry of Statistics and Programme Implementation (MoSPI) on August 12.

Geopolitical developments, particularly those involving the US, Iran and the Strait of Hormuz, will remain another major market trigger.

Iran has reportedly put forward fresh conditions for reopening the strategically important Strait of Hormuz, while the UAE has reported that one of its vessels was targeted by an Iranian missile.

Any further escalation in geopolitical tensions or delays in reopening the shipping route could put additional pressure on crude prices.

FII activity will also remain on investors’ radar. Foreign institutional investors turned net buyers of Indian equities on Friday, snapping their brief selling streak.

According to provisional exchange data, FIIs purchased shares worth Rs 12,941.31 crore and sold equities worth Rs 12,461.07 crore, resulting in a net inflow of Rs 480.24 crore.

Domestic institutional investors (DIIs) continued to support the market, recording a net inflow of Rs 235.56 crore on Friday. DIIs bought equities worth Rs 15,679.58 crore and sold shares worth Rs 15,444.02 crore.

Continue Reading

Business

India exported over 7,000 metric tonnes of Makhana to over 20 global destinations in FY26

Published

on

New Delhi : India exported more than 7,000 metric tonnes of Makhana and value-added Makhana products to over 20 international destinations, including the US, the Middle East and Africa, in last fiscal (FY26), the government informed on Saturday.

Bihar accounts for nearly 85 per cent of India’s Makhana production. To further strengthen the sector, a separate HS Code for Makhana came into effect from July last year under the Finance Bill, 2025.

In a new feat, APEDA facilitated first-ever commercial sea shipment of 18 metric tonnes of GI-tagged Mithila Makhana from the BIADA Industrial Area in Bihta, Bihar, to Australia.

The consignment, sourced from Makhana growers of Darbhanga district, is expected to strengthen the international presence of Bihar’s flagship GI product while creating enhanced income opportunities for farmers through export-led market access, according to Commerce Ministry.

The initiative has enabled farmers to realise nearly 18 per cent higher returns than prevailing market rates, highlighting the benefits of export-oriented value chains and direct market linkages.

The export is expected to strengthen the international presence of GI-tagged Mithila Makhana, create sustainable export opportunities for Bihar’s Makhana sector and contribute to higher farmer incomes.

State Agriculture Minister Vijay Kumar Sinha said Makhana is the identity of Bihar and greater participation of Bihar-based exporters in international trade would enable farmers to secure better price realisation.

He emphasised the importance of maintaining quality standards to meet global market requirements and stated that the Government of Bihar is continuously working to strengthen the Makhana value chain by supporting growers, processors and exporters.

The minister further said that all necessary support would continue to be extended to the Phori community, whose traditional skills are integral to Makhana processing.

The first-ever sea shipment of GI-tagged Mithila Makhana to Australia reflects the growing global demand for Bihar’s agricultural products and opens new opportunities for farmers and exporters, he added.

Continue Reading

Business

CSIR conclave reviews first-year progress of Phase III skill initiative

Published

on

New Delhi : The Coordinators’ Conclave‑cum‑Meeting of the Monitoring Committee of the CSIR Integrated Skill Initiative reviewed the progress made during the first year of Phase III of the initiative, an official statement said on Saturday.

The statement from the Ministry of Science & Technology said the two‑day meeting facilitated knowledge exchange among participating laboratories and strengthened collaboration for effective implementation of the programme.

The conclave was hosted by CSIR‑HRDC in association with CSIR‑National Chemical Laboratory, Pune, and brought together Skill Nodal Coordinators from all 37 participating CSIR laboratories to present annual progress reports covering programmes conducted, trainee outreach, innovations, challenges and future action plans.

These presentations enabled the Monitoring Committee to comprehensively assess the implementation status across laboratories while providing an excellent opportunity for sharing best practices and successful models of skill development.

Dr. Mohana Krishna Reddy Mudiam, Director, Institute of Pesticide Formulation Technology (IPFT), Gurugram, and Chairman of the Monitoring Committee underscored that skill development is an integral part of nation-building and outlined five key priority pillars to guide the CSIR Integrated Skill Initiative towards building a robust, future-ready, and industry-aligned skill development ecosystem.

Dr. Vinay Kumar, Scientist-G and Skill Nodal Principal Investigator, CSIR-HRDC highlighted Skill Initiative’s pivotal role in creating a nationwide skill development ecosystem for nurturing industry-ready talent to build a technology-driven workforce.

Dr. Ashish Lele, Director, CSIR-NCL, Pune emphasised that CSIR is uniquely positioned to make a meaningful contribution to the Skill India Mission by leveraging its extensive nationwide laboratory network and scientific expertise to help position India as a global hub for skilled talent.

Dr. T. S. Rana, Head, CSIR-HRDC, Ghaziabad, emphasised CSIR’s commitment to transforming knowledge into digitally enabled, experiential, and innovation-driven solutions for skill development.

Continue Reading

Trending