Tag: budget

  • Jammu & Kashmir: Budget 2023-24 will foster inclusive development of all sections – Kashmir News

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    Budget 2023-24 will foster inclusive development of all sections

    7 transit accommodations for nomadic population, 24 ST hostels to be completed this year

    SRINAGAR, APRIL 9: The substantial budget for the fiscal 2023-24 will foster inclusive development for all segments of the society with government’s keenness towards empowering the weaker sections through various social and tribal welfare initiatives.

    According to budget 2023-24, 7 transit accommodations for nomadic population and 24 Scheduled Tribe hostels are targeted to be completed during this financial year.

    On the directions of Lieutenant Governor, Manoj Sinha, the Tribal department has initiated a special project envisaging a transhumant support system including transit accommodations and transport facilities for the migratory population.

    In line with the announcement made by Lieutenant Governor to minimize hardships being faced by the tribals during seasonal migration, the Tribal Affairs Department procured a fleet of 40 trucks for transporting around 30,000 families from Jammu to Kashmir via Mughal road and National Highway-44 connecting Jammu with Srinagar. These trucks had been procured by the department through J&K Road Transport Corporation.

    Transport facilities are being made available to tribal families for the seasonal migration of their goods and cattle this year also, the budget document reads.

    In this year’s budget, more Milk villages will be established with an aim to support milk production and supply chain besides providing sustainable employment opportunities to youth. Also, market linkage would created for tribal products like milk, mutton, sheep wool, leather etc.

    The budget has kept a provision for setting up of more smart classrooms for tribal children and tracking of educational, healthcare and economic status of nomadic population. Besides, the budget has a provision for providing scholarship to 124300, Pre-Matric students (1st-8th) belonging to Scheduled Caste/Other Backward Classes/ Economically Backward Classes/ Physically Challenged Persons categories.

    All the Child Care Institutions (CCIs) would be developed on modern pattern with best living conditions for the inmates under the new budget. Besides, 1700 inmates in 19 Bal Ashrams and 12 Nari Niketans would be covered under the initiative.

    This year’s financial plan has also a provision for establishing District Disability Rehabilitation Centers (DDRC) in all 20 districts besides creation of Hub for Empowerment of Women (HEW)-Mahila Shakti Kendras.

    Regarding welfare and security of women, the budget has earmarked funds for establishment of GPS enabled women helpline and construction of working women hostels.

    The Budget has also earmarked funds for training of specially abled persons so that they become financially independent and lead a dignified living in the society.

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    ( With inputs from : kashmirnews.in )

  • Budget 2023-24 Will Foster Inclusive Development Of All Sections

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    SRINAGAR: The substantial budget for the fiscal 2023-24 will foster inclusive development for all segments of the society with government’s keenness towards empowering the weaker sections through various social and tribal welfare initiatives.

    “According to budget 2023-24, seven transit accommodations for nomadic population and 24 Scheduled Tribe hostels are targeted to be completed during this financial year,” said an official release from the department of information and Public Relation JK.

    On the directions of Lieutenant Governor, Manoj Sinha, the Tribal department has initiated a special project envisaging a transhumant support system including transit accommodations and transport facilities for the migratory population.

    In line with the announcement made by Lieutenant Governor to minimize hardships being faced by the tribals during seasonal migration, the Tribal Affairs Department procured a fleet of 40 trucks for transporting around 30,000 families from Jammu to Kashmir via Mughal road and National Highway-44 connecting Jammu with Srinagar. These trucks had been procured by the department through J&K Road Transport Corporation.

    According to the release, transport facilities are being made available to tribal families for the seasonal migration of their goods and cattle this year also, the budget document reads.

    In this year’s budget, more Milk villages will be established with an aim to support milk production and supply chain besides providing sustainable employment opportunities to youth, said the release.

    Also, market linkage would created for tribal products like milk, mutton, sheep wool, leather etc.

    The budget has kept a provision for setting up of more smart classrooms for tribal children and tracking of educational, healthcare and economic status of nomadic population. Besides, the budget has a provision for  providing scholarship to 124300, Pre-Matric students (1st-8th) belonging to Scheduled Caste/Other Backward Classes/ Economically Backward Classes/ Physically Challenged Persons categories.

    All the Child Care Institutions (CCIs) would be developed on modern pattern with best living conditions for the inmates under the new budget.

    Besides, 1700 inmates in 19 Bal Ashrams and 12 Nari Niketans would be covered under the initiative.

    This year’s financial plan has also a provision for establishing District Disability Rehabilitation Centers (DDRC) in all 20 districts besides creation of Hub for Empowerment of Women (HEW)-Mahila Shakti Kendras, it said.

    Regarding welfare and security of women, the budget has earmarked funds for establishment of GPS enabled women helpline and construction of working women hostels.

    The Budget has also earmarked funds for training of specially abled persons so that they become financially independent and lead a dignified living in the society, the release stated.

     

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    ( With inputs from : kashmirlife.net )

  • Lok Sabha functioned for 45 hours, Rajya Sabha 31 hours: Think tank on Budget Session

    Lok Sabha functioned for 45 hours, Rajya Sabha 31 hours: Think tank on Budget Session

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    New Delhi: The Lok Sabha this Budget Session could function for only 45 hours as against its scheduled 133.6 hours because of daily disruptions and frequent adjournments, a think tank data has shown.

    The Rajya Sabha worked for over 31 hours out of 130 hours in the same session, the data said.

    The second half of the Budget Session was hamstrung by frequent disruptions throughout before it was adjourned sine die on Thursday.

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    As the 17th Lok Sabha enters the final year of its term, the think tank said that the average number of sittings of this Lok Sabha, which is 58 days a year, could make it the shortest full term Lok Sabha since 1952.

    The Budget session of Parliament was held from January 31, 2023 to April 6, 2023, with a recess from February 14 to March 12.

    According to data compiled by PRS Legislative Research, the productivity, which is the percentage of time the House functioned, was 34.38 percent for the Lower House in the Budget Session.

    The only time the Lok Sabha’s productivity was lower was in the Monsoon Session of 2021, when it functioned only 20.93 per cent of the scheduled time.

    The Rajya Sabha meanwhile recorded its lowest productivity since 2019, functioning only around 24 percent of its scheduled time. In the Monsoon Session of 2021, its productivity was around 28 percent.

    The just-concluded session saw limited legislative activity, and minimal discussion on the budget amid continuous disruptions.

    Legislative Business took less than an hour in the Lok Sabha, while in Rajya Sabha it took only around two minutes. Financial Business took 17.25 hours in Lok Sabha and 18.23 hours in Rajya Sabha.

    Both Houses witnessed repeated adjournments of the Question Hour throughout the Session.

    The Lok Sabha could take questions for 4.32 hours while the figure for Rajya Sabha was worse at 1.85 hours for the entire Budget Session.

    In his concluding remarks, Lok Sabha Speaker Om Birla said the House held discussions on the General Budget for 14.45 hours, and 145 MPs participated in it. Discussions on the Motion of Thanks to the President’s Address were held for 13.44 hours with participation of 143 MPs.

    In the Lok Sabha, eight government bills were introduced, six were passed, and 29 questions were answered orally, Birla said.

    Excluding the Finance and Appropriation Bills, The Competition (Amendment) Bill, 2022 was the only Bill passed during this session. Both bills were passed without any discussion by either House.

    Three bills were introduced, one of which, the Forest (Conservation) Amendment Bill, 2023, was referred to a Joint Parliamentary Committee.

    In both houses, productivity was higher in the first half of the Budget Session.

    In Lok Sabha, the productivity of the first part was 83.80 percent, which dropped to 5.29 percent in the second half.

    Rajya Sabha Chairman Jagdeep Dhankhar meanwhile informed the House that its productivity in the first part of the Budget Session was 56.3 per cent, which plummeted to an abysmal 6.4 per cent. According to PRS, the Parliament has functioned for 230 sitting days so far.

    Of all the Lok Sabhas that completed the full five-year term, the 16th Lok Sabha elected in 2014 recorded the lowest number of sitting days, having sat for 331 days in five years.

    With one more year remaining in the term, and 58 average sitting days a year, the 17th Lok Sabha is unlikely to sit for more than 331 days. This could make it the shortest full term Lok Sabha since 1952.

    This has been the sixth shortest budget session since 1952.

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    ( With inputs from www.siasat.com )

  • Budget Session: Opposition MPs’ Tiranga March

    Budget Session: Opposition MPs’ Tiranga March

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    Budget Session: Opposition MPs’ Tiranga March



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    ( With inputs from www.siasat.com )

  • Budget 2023-24 To Strengthen E-Gov Ecosystem In JK

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    SRINAGAR: The budget for 2023-24 fiscal will further strengthen the e-governance initiatives of JK government with emphasis on extending e-offices to all offices besides creation of online census management system.

    The JK’s e-Governance policies have shown tremendous improvement in elevating the citizen satisfaction level regarding implementation of schemes and programmes being launched by the UT administration for their socio-economic emancipation.

    “The accelerated digital transformation and adoption of emerging technologies by the UT dispensation has greatly helped the administration become more open, transparent and develop new delivery models to ensure people can access e-Services conveniently”.

    The government has kept a provision, in this budget, for introducing an intelligent framework for ensuring an amazing Intelligent Ticket Management System by JKRTC for smooth, hassle free journey of passengers.

    The budget also proposed creation of e-invoice system of GST, GST Data Triangulation and transition of GST IN into GST Prime besides extension of E-Bill system in PWOMAS to other departments. Besides, 445 services have already been offered in online mode across all the departments and many of them are being integrated with the quality check and feedback-seeking mechanism. These services are also being on boarded on the digital portal of e-UNNAT, Service Plus and Digi Locker platforms for the ease and free access of the general public.

    In another milestone towards e-governance, e-way bill would be linked to Fastag and VAHAN for smooth journey of commuters on national highway.

    According to an official spokesperson, the government will create single unique helpline to address the concerns of people of J&K.

    “Jammu & Kashmir tops among all the Union Territories of India in e-Governance services delivery, which has also enabled the UT to save around Rs 200 crore annually that were used to be incurred in carriage of physical files during the annual durbar move between the two capital cities of Jammu and Srinagar”.

    J&K has become the first UT in the country to have Good Governance Index and was also first to launch District Good Governance Index for 20 districts of the Union Territory.

    In a short span, the government has taken a giant leap in creating user-centric service delivery system and paperless administrative functions through e-Office.

    “Technology has redesigned the rules and procedures bringing accountability and transparency in the system and enabling us to provide services more effectively and efficiently,” the official added.

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    ( With inputs from : kashmirlife.net )

  • Sad that opposition did not discuss Budget: Nirmala Sitharaman

    Sad that opposition did not discuss Budget: Nirmala Sitharaman

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    New Delhi: Union Finance Minister Nirmala Sitharaman on Tuesday expressed discontent over the opposition’s conduct in the Budget Session of Parliament which is moving towards closure with a persistent logjam, and said that the Centre wanted to discuss the Budget 2023-24, but the opposition did not.

    This comes after the opposition came down very heavily on the government for passing the Finance Bill within minutes and without any discussion in both Houses.

    Former Finance Minister P Chidambaram led the attack saying that it is “the worst message from a parliamentary democracy is to approve a Budget without discussion”.

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    Responding to the charges, Sitharaman said that it is unfortunate that the opposition did not want the discussion to happen at all.

    “We would’ve wanted to have a detailed discussion on the Budget. But unfortunately, the opposition didn’t. The preparation of the Budget and it’s implementation is a mammoth exercise. My team and I were prepared to answer all the questions. Sad that opposition did not discuss Budget,” she said.

    Lok Sabha had passed the Finance Bill 2023 with 64 amendments on March 24 amid din due to sloganeering by the opposition parliamentarians. On March 24, Lok Sabha approved the Finance Bill 2023 which had an amendment from the Bill approved by the House last week. The bill with an amendment moved by Finance Minister Nirmala Sitharaman was passed earlier in the day by Rajya Sabha. The change related to Securities Transaction Tax levied on the sale of options trading.

    During the passage of the Bill, Rajya Sabha Chairman had requested the opposition parties to hold a discussion on this crucial legislature for which the BAC had allotted 10 hours of time.

    “There are so many learned MPs who come prepared with so many important questions related to the Bill which we come prepared for. Nobody can allege that my government or I are running away from any answers,” Sitharaman further elaborated.

    The bill was passed amid ruckus in the two Houses over opposition demand for a JPC on the Adani issue.

    Finance Minister Nirmala Sitharman tabled the Finance Bill after presenting the Union Budget 2023-24 on February 1.

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    ( With inputs from www.siasat.com )

  • Adams administration, facing new costs, mandates more budget cuts

    Adams administration, facing new costs, mandates more budget cuts

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    “We face these new needs and threats at a time when the city’s tax revenue growth is slowing, and many economists fear that stress in the banking sector increases the odds of an economic recession,” Jiha wrote. “Therefore, we must act now. We have less than a month to identify the resources needed to reduce the strain on our budget, decrease out-year gaps, and avoid disruption to programs and services that keep our city clean, safe, and healthy.”

    Jiha was referring to the city’s executive budget proposal, the next step in the iterative process of passing a spending plan, which is typically released in late April.

    “Savings initiatives must be submitted to [the Office of Management and Budget] by April 14; they cannot include layoffs and should avoid meaningfully impacting services where possible,” Jiha wrote. “OMB will identify savings opportunities for your respective agency if the PEG targets are not met.”

    While most agencies will be required to make the cuts for the upcoming fiscal year and several thereafter, the Department of Education and the City University of New York will need to meet a lower savings target of 3 percent.

    The announcement comes just a day after the City Council unveiled a budget proposal of its own.

    Responding to the initial blueprint unveiled by the mayor in February, Council Speaker Adrienne Adams argued Monday that the city will have more revenue than it had initially predicted — so much, in fact, that the city could afford to fund more than $1 billion worth of new priorities.

    The administration does not appear to agree.

    “Mayor Adams has repeatedly said that we cannot sugarcoat the reality of the fiscal and economic challenges we are facing,” mayoral spokesperson Jonah Allon said in a statement.

    “While we continue to have positive conversations with our partners in Albany, we face a perfect storm of factors — including near historic levels of spending as a result of billions of dollars in costs related to asylum seekers and the need to fund labor deals that are years overdue. At the same time, we are facing a slowdown in city tax revenue growth and what is predicted by financial experts to be a weakening of the nation’s economy. Ignoring these realities would be irresponsible and would cost New Yorkers more in the end.”

    The mayor most recently ordered a savings initiative in September that focused on wiping thousands of vacant positions off the city’s books. The latest move Tuesday drew praise from the Citizens Budget Commission, which has been sounding the alarm on several hidden costs in the spending plan.

    “Yes, revenues may be higher than OMB projects, and the Council is right that the City has in-year reserves that can be used,” said the commission’s president, Andrew Rein, in a statement. “But still, the reported budget gaps, collective bargaining costs, city and state fiscal cliffs and under-budgeted programs dwarf estimates of higher revenues.”

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    ( With inputs from : www.politico.com )

  • 1522 Cr Budget To Focus On Full Implementation of NEP, Digital Transformation, Infra Creation

    1522 Cr Budget To Focus On Full Implementation of NEP, Digital Transformation, Infra Creation

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    SRINAGAR: Jammu and Kashmir’s education sector would be witnessing a major transformation with a budget allocation of Rs 1522 crore for 2023-24 with focus on full implementation of National Education Policy, digital transformation and infrastructure creation.

    The budget also provides scope for strengthening digital infrastructure with establishment of 188 Virtual Reality Labs in the Union Territory of Jammu and Kashmir (one lab in each zone) to inculcate scientific temper among students. Besides, 40 robotic labs would be established (Two Labs in each district) to improve school’s digital equity, literacy and economic development besides promoting new teaching methodologies. About 500 schools will be provided ICT labs and 100 Vocational Labs in the schools of Union Territory.

    “Also, 1000 smart classrooms with LCD and high speed internet connectivity will be established in High and Higher Secondary Schools for imparting quality education to students”, budget document reads.

    To keep students fit, Yoga Training will be introduced for all the students as part of co-curricular activities.

    The Budget also proposes to create sports infrastructure including changing rooms for players in 100 High and Higher Secondary Schools.

    To strengthen the School education sector in J&K, 500 additional class rooms would be provided in high and higher secondary schools benefitting more than 20,000 students. Besides, free text books and uniforms would be provided to all the students of elementary classes belonging to weaker sections.

    As an important step towards ensuring that girls are able to attend school without any barrier, drinking water facility and gender based toilet facility to be made available in all the Schools.

    The budget has also proposed establishment of 2000 Kindergartens during 2023-24 for providing quality pre-primary education. Besides, 10 Residential Schools would be established during 2023-24 with preference to tribal students and students from weaker sections for accommodating in these residential schools on merit basis for providing them quality education.

    The J&K government, which has already taken a lead in implementation of National Education Policy (NEP)-2020, is likely to get a boost with the new budget allocation which has a specific focus on “full implementation” of NEP-2020.

    The Budget also proposes to fully implement Samarth “ERP eGov Suite” in 2023-24 besides making Higher Education Council functional during 2023-24. Also, NAAC accreditation of 32 colleges would be completed in 2023-24.

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    ( With inputs from : kashmirlife.net )

  • Odisha Assembly Budget Session adjourned sine die

    Odisha Assembly Budget Session adjourned sine die

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    Bhubaneswar: The Budget Session of the Odisha Assembly was on Friday adjourned sine die six days ahead of its schedule, amid walk-out by the opposition BJP members. The session was scheduled to continue till April 6.

    On the last day, the House passed the Appropriation Bill, 2023, allowing the state government to spend Rs 2.30 lakh crore from its consolidated fund during the financial year 2023-24.

    From the first day on February 21 till last day (Friday), the House witnessed pandemonium several times as opposition legislators created noisy scenes raising different issues including minister Naba Das murder case, Mahanadi water dispute, inter-state border dispute, fake certificate racket, Rahul Gandhi’s disqualification, Chief Minister’s read-out speech, alleged matric question paper leak, ‘officers’ raj’, drivers’ strike, etc.

    During the Session, the government has introduced six bills but passed only the Appropriation Bill, 2023. However, it withdrew three bills in a hurry on the last day amid ruckus by opposition BJP and Congress members.

    When the valedictory session was going on, the BJP members led by Leader of Opposition Jayanarayan Mishra were staging a protest before the Mahatma Gandhi statue inside the Assembly premises in protest about Kotia village border dispute with Andhra Pradesh and a fake certificate racket busted in Bolangir.

    Notably, Union Minister Dharmendra Pradhan is scheduled to visit Kotia village on April 1, Utkal Diwas (Odisha Day).

    Three CAG reports were presented before the House during the session.

    Earlier in the day, the opposition BJP and Congress MLAs created a ruckus in Odisha Assembly over fake certificate racket and the Kotia border dispute issue on Friday.

    Unable to run the House smoothly, Speaker Bikram Keshari Arukha adjourned the House several times throughout the day. In protest over the two issues, the Opposition members walked out during the discussion of the Appropriation Bill, 2023.

    Raising the twin issues during the Zero Hour, the Opposition members rushed to the well of the House and shouted slogans against the state government over the issues.

    Leader of Opposition Jayanarayan Mishra (BJP) raised both the issues and alleged that Andhra Pradesh is interfering in Kotia area and 21 other villages in Koraput district.

    The BJP leader claimed that Andhra Pradesh Deputy Chief Minister is luring local people in the area.

    “Andhra is interfering in Kotia and 21 other villages. Andhra Deputy CM is luring local people. Where is the Kotia package announced by Chief Minister Naveen Patnaik? What steps have been taken in border row with other states?” asked the BJP leader.

    He further questioned the role of Subrot Chotai (Vanik institute head in Bhubaneswar) in supplying computers to 5T schools.

    “A fake certificate racket running in a coaching institute was busted in Bolangir district of Odisha. What is the relation between Vanik institute and the fake certificate running institute?” asked Mishra.

    Similarly, Congress Legislature Party (CLP) leader Narasingha Mishra said a fake certificate racket was reported in Bolangir. “The racket is not only confined in Bolangir but also in different parts of the state. Even the chain has gone outside Odisha,” he said.

    The Congress leader alleged that photos of a Minister and a former Minister along with the prime accused in the fake racket issue have gone viral.

    Countering the opposition, senior BJD member Arun Sahoo accused BJP and Congress leaders of enacting drama over the Kotia issue. “The BJP members should go to the Centre and raise the issue. They have eight MPs and three central ministers,” Sahoo said.

    On the fake racket issue, Sahoo showed a picture in which the prime accused and Narasingha Mishra were seen sharing the stage.

    Quickly reacting to the picture shown by Sahoo, Congress MLA Mishra said he is ready to face the investigation. “Will the Chief Minister, the Minister of State for Home and ex-Minister will submit to the investigation?” he asked.

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    ( With inputs from www.siasat.com )

  • Sunak questioned as wife’s firm set to benefit from UK budget policy

    Sunak questioned as wife’s firm set to benefit from UK budget policy

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    London: UK Prime Minister Rishi Sunak has been facing the heat after it emerged that his wife Akshata Murthy has shares in a childcare agency, which stands to gain from a new policy announced in the recent budget.

    Koru Kids, which lists the PM’s billionaire wife as a shareholder, is likely to benefit from a scheme announced by Chancellor Jeremy Hunt, which offers 1,200 pounds to individuals who train to become child-minders through an agency, The Guardian reported.

    Appearing before the liaison committee this week, Sunak did not mention his wife’s interest when speaking about the childcare changes.

    “No, all my disclosures are declared in the normal way,” he told Labour MP Catherine McKinnell when she asked him whether he had anything to declare.

    The public register of ministerial interests, which was last updated in June 2022, only mentions that Akshata owns Catamaran Ventures UK Ltd, a venture capital investment company.

    Wendy Chamberlain, the Liberal Democrat chief whip, wrote to Sir Laurie Magnus, the independent adviser on ministerial interests, highlighting the provision in the code that requires ministers to avoid conflicts between their public duties and private interests.

    “The Prime Minister’s family does appear to have a relevant financial interest in Koru Kids – which has benefited from a recent change to government policy. There is a clear question as to whether articles 7.1 and 7.7 of the ministerial code have been breached,” The Guardian quoted Chamberlain as saying.

    “Rishi Sunak must explain why he failed to come clean when asked about the shares his family held in a company now set to financially benefit from a childcare policy announced in his budget,” Angela Rayner, Labour’s deputy leader, said.

    Sunak’s spokeswoman said: “He has followed the process in terms of declaring his interests as set out in the ministerial code”.

    She said the First Lady’s holdings in the agency were not in the public domain, but said they would be included in the updated statement of ministers’ interests, which will come out in May.

    According to BBC, the new scheme could drive up the number of childminders entering the profession and generate more business for companies such as Koru Kids, which is listed as one of six childminder agencies on the government’s website.

    The agency welcomed the government’s reforms on its website and said “the new incentives open to childminders are great”.The website says new childminders would get a bonus of 1,200 pounds if they “come through an agency like Koru Kids who offer community, training and ongoing support”.

    Last year, Sunak and his wife entered The Sunday Times Rich List for the first time with their joint 730 million pound fortune.

    Indeed, Akshata Murthy is said to be wealthier than even King Charles III due to her 430 million pounds stake in her billionaire tycoon father Narayana Murthy’s IT empire.

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    ( With inputs from www.siasat.com )