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Tag: allocated

  • Telangana allocated Rs 4,418 crores in rail budget from Centre

    Telangana allocated Rs 4,418 crores in rail budget from Centre

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    Hyderabad: Telangana has been allocated Rs 4,418 crore, by the Centre for various railway projects for the fiscal year 2023-24 as against Rs 3,048 crore allocated in 2022-23 which is 45 percent more than last year.

    South Central Railway (SCR), on the other hand, has been sanctioned a gross amount of Rs. 13,786.19 crores for the year 2023-24 compared to Rs 8,349.75 crores for the year 2022-23, which accounts for a nearly 65 percent increase over last year.

    SCR general manager Arun Kumar Jain while addressing a press conference on Friday, stated “there has been a consistent increase in the funds’ allocation to Telangana in successive budgets in recent times.”

    Giving details of the budgetary allocations of the ongoing New Line Projects in Telangana under the SCR jurisdiction, the manager stated, ” Rs 345 crores were allotted for Munirabad to Mahbubnagar railway line, Rs 185 crores were allotted for Manoharabad–Kothapalli line and Rs 10 crores allotted for Manuguru to Ramagundam line.

    He further stated that Rs. 600 crores was allotted for the MMTS Phase II project doubling and electrification.

    Likewise, Rs. 337.52 crores were allotted for Kazipet to Vijayawada and Rs 450.86 crores were allotted for Kazipet to Balharshah third-line projects.

    Adding on to the details, Arun Kumar stated that Rs 60 crores were allotted for Guntur to Bibinagar doubling project, while Rs 315.6 for the electrification of the Manmad to Mudkhed to Dhone section and Rs 82 crore was allotted for the development of the satellite terminal at Cherlapally station.

    For doubling, third line, and bypass line works, the capital outlay is Rs 3,374.44 crore for the fiscal year 2023-24, as against Rs 1,531 crore in the last financial year.

    The total budget allocated for new lines, including capital and safety Fund (excluding Deposit) is Rs 819 crore when compared to Rs 285 crore last fiscal year.

    For electrification works, the budgetary grant is Rs. 588 crores, said the manager.

    “An amount of Rs 68.34 crores has been allocated for implementation of Kavach, the indigenously developed Train Collision Avoidance System (TCAS),” he said.

    Arun Kumar further added that Rs 1,360 crore was allocated for Track Renewal works and Rs 768.14 crore for Road Safety Works.

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    ( With inputs from www.siasat.com )

  • Budget 2023: Rs 1002 crores allocated for issuing e-passports

    Budget 2023: Rs 1002 crores allocated for issuing e-passports

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    India improves global passport rank, now stands at 83rd position

    Jeddah: With a significant budgetary allocation for the second phase of the Passport Seva Programme (PSP-V2.0) , the Ministry of External Affairs is preparing to roll-out digital passports.

    Rs. 1,002.78 crore was made in 2023-24 for enhancing Passport services specifically issuing e-passports and e-Migrate for technological upscaling of services to an increasing number of workers going out of the country, issuing online Emigration Clearance (EC), and fostering end-to-end links between workers, foreign employers and clearance systems to improve working environment for Indian workers in abroad in general and gulf countries in particular.

    The new feature under the PSP-V2.0 will be the replacement of traditional passport with digital one to make it more secure and ensure smooth passage through immigration posts globally.

    The e-Passport will be embedded with a chip that contains personal details of the holder including biographical information.

    Government is determined to open a Seva Kendra in every Lok Sabha constituency — where there is no Passport Seva Kendra (PSK) or Post Office Passport Seva Kendra (POPSK).

    There are 93 PSKs, 429 POPSKs and 36 Passport Offices are operational in addition to more than 176 Indian missions abroad. These all were connected through Global Passport Seva Prgamme (GPS) to provide seamless delivery of passport services to India Diaspora.

    The Tata Consultancy Services (TCS), India’s largest IT services firm, has won the PSP project that valued about Rs. 8000 crores according to some news reports.

    India is top amongst nations whose citizens are living abroad with 32 million Non-Resident Indians. Hyderabad Regional passport office stands third in India for its services.

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    #Budget #crores #allocated #issuing #epassports

    ( With inputs from www.siasat.com )

  • IITs get major boost of Rs 9600 crores in Union Budget 2023, Rs 8k crores allocated to grants – TheNewsCaravan Newspaper

    IITs get major boost of Rs 9600 crores in Union Budget 2023, Rs 8k crores allocated to grants – TheNewsCaravan Newspaper

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    Indian Institutes of Technology, IIT has got a major boost with the unveiling of the Union Budget 2023. As per the Budget 2023, IIT has received a total outlay of around Rs 9,600 crores. Out of this, around Rs 8,000 crores have been allocated to the institutes as grants.

    Ministry of Education has a total outlay of Rs 1.13 lakh crores approximately. Out of these, the Department of Higher Education has received a total of Rs 44,094.62 crores. Under the outlay for the Higher Education Department, the budget for IIT stands at Rs 9,661.50 crores.

    IITs get major boost of Rs 9600 crores in Union Budget 2023, Rs 8k crores allocated to grants 1

    Grants to IITRs. 8791.50 crores
    Interest under HEFA loanRs. 270 crores
    Repayment of Principal of HEFA LoanRs. 300 crores
    Total support to IITRs. 9361.50 crores
    IIT Hyderabad (EAP)Rs. 300 crores
    Total OutlayRs. 9661.50 crores

    As mentioned, the majority of the funds allocated to IIT are towards the grants allocated to support the leading engineering and technology institutes. A total of Rs. 8791.50 crores have been allocated just to grants.

    What will these funds be used for?

    With IITs getting a major boost in funds, questions arise as to where these funds will go and how would they be utilised. It is expected that the budget allocated to IIT would likely work towards promotion and support towards enhancing Research and Development at these institutes.

    During her speech, Finance Minister Nirmala Sitharaman also shared details regarding the Lab Grown Diamonds scheme, which would be given to one IIT over a period of five years. Hence, the boost in funds is expected to be directly in relation with growth of R&D.

    Another way these funds could be utilised would be to promote engineering and technical education amongst India and abroad. The government has revealed plans to set up IITs abroad in countries such as United Arab Emirates, Malaysia and Jamaica.

    While they remain one of the top institutes, IITs tend to be short staffed. Hence, the funds are also expected to be used for recruitment of teachers and professors at IITs across India.

    Union Budget 2023 was presented on February 1, 2023 by Finance Minister Nirmala Sitharaman in the Lok Sabha. Under this new budget for ‘Amrit Kaal’, Education has received the maximum outlay.

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    ( With inputs from : www.TheNewsCaravan.com )

  • Rs 5.94 lakh crore allocated to defence ministry in Union Budget

    Rs 5.94 lakh crore allocated to defence ministry in Union Budget

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    New Delhi: The defence budget was on Wednesday increased to Rs 5.94 lakh crore for 2023-24 in a modest hike of 13 percent from last year’s allocation of Rs 5.25 lakh crore amid India’s continuing border row with China in eastern Ladakh and concerns over rising Chinese forays into the Indian Ocean Region.

    In the Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman, a total of Rs 1,62,600 crore was set aside to the military for capital expenditure that largely includes purchasing new weapons, aircraft, warships and other military hardware.

    For 2022-23, the budgetary allocation for capital outlay was Rs 1.52 lakh crore but the revised estimate showed the expenditure at Rs 1.50 lakh crore.

    The capital allocations of Rs 1,62,600 crore marked a hike of Rs 10,230 crore over last year’s outlay and it is a 6.7 per cent increase. The capital budget of the Border Roads Organisation (BRO) has been increased to Rs 5,000 crore as against Rs 3,500 crore in 2022-23 which is a hike of 43 per cent.

    “The Union Budget for the Financial Year 2023-24 envisages a total outlay of Rs. 45,03,097 crore. Of this, Ministry of Defence has been allocated a total Budget of Rs 5,93,537.64 crore, which is 13.18 per cent of the total GoI Budget,” Defence Minister Rajnath Singh tweeted.

    The total revenue expenditure has been pegged at Rs 4,22,162 crore that included Rs 1,38,205 crore for defence pensions, Rs 2,70,120 crore for defence services and Rs 13,837 crore for the Ministry of Defence (Civil).

    The capital outlay for the Indian Air Force was the highest at Rs 57,137.09 crore that included Rs 15,721 crore for procurement of aircraft and aero engines and Rs 36,223.13 crore for other equipment.

    An amount of Rs 52,804 crore was set aside as the capital outlay for the Indian Navy as against Rs 47,590 crore given to the force in 2022-23.

    The capital outlay for the Army has been pegged at Rs 37,241 crore which included Rs 5,500 crore for procurement of aircraft and aero-engines and Rs 21,300 for other equipment. The capital allocation to the force in last year’s budget was Rs 32,015 crore.

    Dr Laxman Kumar Behera, Associate Professor at Special Centre for National Security Studies at the Jawaharlal Nehru University, said the increase in the allocation has been satisfactory considering the economic headwinds in view of impact of various global developments.

    “The budget has given the armed forces a modest hike. The capital outlay for the Indian Navy has been on an upswing for the last few years because of China’s increasing presence in the Indian Ocean Region. This is a significant aspect in the defence budget for 2023-24 as well,” Behera told PTI.

    Former Deputy Chief of Army Staff Lt Gen (retd) Subrata Saha said the budget intends to boost manufacturing and build on India’s strength in the digital domain.

    “In defence, domestic manufacturing will get further impetus with efforts to also increase exports from India,” he said.

    Saha said the increase in the allocation for the Border Roads Organisation (BRO) will push the border connectivity infrastructure.

    The defence ministry said the increase in the capital budget since 2019-20 has been Rs 59,200 crore which it said is a 57 percent increase.

    “This increase is a reflection of the government’s commitment towards sustainable augmentation in the area of modernisation and infrastructure development of the defence services,” it said.

    The allocation to Defence Research Development Organisation (DRDO) has been put at Rs 23,264 crore.

    According to the budget documents, an allocation of Rs 2,70,120 crore has been made to the armed forces for revenue expenditure that includes expenses on payment of salaries and maintenance of establishments. The budgetary allocation of revenue expenditure in 2022-23 was Rs 2,33,000 crore.

    In the budget for 2023-24, the capital outlay for the Ministry of Defence (Civil) has been pegged at Rs 8774 crore. The total capital outlay considering Rs 1,62,600 crore for the armed forces and Rs 8,774 crore to defence ministry comes to Rs 1,71,374 crore.

    The revenue expenditure for the Army has been put at Rs 1,82,649 crore followed by Rs 44,345 crore for the IAF and Rs 32,284 crore for the Indian Navy.

    Under the revenue outlay, the Indian Navy has been allocated an amount of Rs 32,284.20 crore as against a budgetary allocation of Rs 25,406.42 crore and revised estimate of Rs 30,734.58 crore for 2022-23.

    The revenue expenditure of the Indian Air Force has been projected at Rs 44,345.58 crore as against budgetary outlay of Rs 32,873.46 crore and revised estimate of Rs 44,728.10 crore for 2022-23.

    The gross budgetary support under the central sector head was put at Rs 950 crore.

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    #lakh #crore #allocated #defence #ministry #Union #Budget

    ( With inputs from www.siasat.com )

  • Budget: Over Rs 946 crore allocated to CBI

    Budget: Over Rs 946 crore allocated to CBI

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    New Delhi: The Centre has allocated Rs 946 crore to the Central Bureau of Investigation in the Union Budget 2023-24 announced on Wednesday, a slight increase of over 4.4 per cent from FY 2023.

    The country’s premier probe agency is over-stretched in terms of human resources to tackle emerging crime scenes, dominated by artificial intelligence, cryptocurrency, darknet, and conventional crimes like bank fraud cases and ongoing high-profile extradition cases in courts abroad, in addition to criminal cases handed over by various states, High Courts and the Supreme Court.

    The agency received Rs 911 crore to manage its affairs in the Budget Estimates for 2022-23, which was later decreased to Rs 906.59 crore in the Revised Estimates.

    The Government has allocated Rs 946.51 crore to the agency for 2023-24, the Budget document presented by Finance Minister Nirmala Sitharaman on Wednesday.

    “The provision is for the establishment-related expenditure of the Central Bureau of Investigation, which is entrusted with investigation and prosecution in corruption cases against public servants, private persons, firms and other cases of serious crimes,” the Budget document said.

    It also includes provision for various projects such as the modernization of CBI’s training centres, establishment of technical and forensic support units, comprehensive modernization and purchase of land/construction of office/residence, it said.

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    #Budget #crore #allocated #CBI

    ( With inputs from www.siasat.com )

  • Jammu & Kashmir Allocated Big Amount In The Union Budget- 2023 – Kashmir News

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    Hike of Rs 9000 crore in revised estimates for current fiscal

    Hike of Rs 9000 crore in revised estimates for current fiscal

    Srinagar- The Union Territory of Jammu & Kashmir has been allocated Rs 35581 crore in the Union budget presented by Union Finance Minister Nirmala Sitharaman in the Lok Sabha on Wednesday.

    The budget documents as per news agency KNO reveal that Jammu & Kashmir has been allocated Rs 35581 crore in the Union budget for 2023-24.

    FM Sitharaman Announces Hike On Cigarette Prices, Invoke Hilarious Memes On Social Media

    According to the documents, there has been massive hike in revised estimates for the current financial year.

    The revised estimates for UT have been hiked to Rs 44538 against budget estimates of Rs 35581 crore.

    Union Budget 2023 Live Updates: What Gets Cheaper Or Costlier- Here’s a List

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    ( With inputs from : kashmirnews.in )