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According to him, for the GDP growth to come back, state governments play an important role in getting the urban development and the capex cycle going
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The PM Gati Shakti Master plan, a pet project of Prime Minister Narendra Modi which found prominent mention in Sitharaman’s budget speech of 2022-23, involves holistic policymaking for the seven infrastructure sub-sectors, with one digital portal that can accessed by all stakeholders for real-time information.
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Experts call for a uniform road tax on EVs across the country, to promote adoption of clean and sustainable transportation
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Shipping industry experts and market participants have said that the proposed maritime state development council (MSDC), under the new bill, will concentrate a lot of regulator powers with the central government as the head of the council will be the minister for ports, shipping, and waterways.
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India Ratings & Research Chief Economist DK Pant said adjustment of off-budget borrowing of FY21 and FY22 would have resulted in severe resource crunch for few states. Decision of deferring adjustment of off-balance sheet borrowing of the state where debt servicing is being done through state budget is a good decision.
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The Centre has cleared all dues to states despite only Rs 25,000 crore being available in the GST compensation fund, with the balance being from the Centre's own resources.
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PETA India Advocacy Officer Samit Roy told reporters on Wednesday that as per an assessment done by PETA and the CAPE Foundation in July-August 2021 and November-December 2021, 81 percent of the horses used in the carriages for tourist rides are thin or very thin and they are not being fed properly.
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The average price of the Indian Basket of crude oil has risen to
$68.78 per barrel in 2021-22 so far, from $44.82 per barrel in 2020-21 and $60.47 per barrel in 2019-20..
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Based on the current rate and consumption trends of oil and petroleum products, states could see a shortfall of Rs 53,000 crore to Rs 65,000 crore in 2021-22 from oil excise.
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Dr Reddy's Laboratories, the custodian of the Sputnik V vaccine in India, has already announced the arrival of 1.5 lakh doses as first consignment of the 250 million doses it plans to import from Russia; Pfizer is reportedly negotiating an expedited approval pathway for the use of its vaccine in India
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Wheat and rice are being sold through PDS (public distribution system) shops, also known as fair price or ration shops, at a highly-subsidised rate of Rs 2 and Rs 3 per kg, respectively, as per the Food Security Law.
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The rise in the borrowings of state governments would exert upward pressure on state development loan (SDL) yields in the financial year 2017-18, Roy said.
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The gross market borrowing of the state governments is likely to rise from Rs 3.7 trillion in 2016-17 to Rs 4.5 trillion in 2017-18 which would exert an upward pressure on state development loans (SDL) yields in the next fiscal, rating agency ICRA said.
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Centre, state governments and industry representatives will meet tomorrow to deliberate upon ways to further boost the country's exports.
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In a landmark move, a nine-Judge-bench of the Supreme Court of India has upheld the constitutionality of entry tax stating protection under Article 301 does not apply to taxes, reports CNBC-TV18.
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States also agreed to seek more allocation of pulses from central buffer stock, which has been created to sell lentils at reasonable price not exceeding Rs 120 per kg. So far, only about 7,000 tonnes have been lifted by them.
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Centre has eased Open Market Borrowing (OMB) norms for state governments to promote co-operative federalism and bring in more transparency.
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According to the changes in the scheme, states which will be signing on anew will be allowed to convert 75 percent of their debt at one go in this fiscal year itself. They wouldn't have to stagger it.
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The National Green Tribunal has directed all state governments to submit a complete list of wetlands under their jurisdiction after a plea claimed that large areas which are ecologically important are being lost as these have not been notified as protected under law
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According to the global financial services firm, despite higher transfers from the centre, an analysis of 18 state Budget documents suggests that the state governments on aggregate clocked slightly wider deficits than budgeted at the start of the year.
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Experts believe the Bill should have also brought state governments and municipalities into the ambit to ensure speedy government approvals
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"The Reserve Bank in consultation with state governments, announces that the quantum of total market borrowings by the state governments and the union territory of Puducherry, for the quarter January-March 2016, is expected to be in the range of Rs 95,000 crore to Rs 1,05,000 crore," the apex bank said in a release.
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A committee of secretaries from the Finance, Food and Consumer Affairs, Agriculture and Commerce ministries deliberated on availability and prices of pulses and other essential items.
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State governments have given their inputs, so we thought at least we should define this whole thing as what is a market place, why it is a market place, when it is portal related," Sitharaman told PTI.
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After Gujarat, Punjab and West Bengal, states such as Telangana, Karnataka and Andhra Pradesh are now gearing up to kick off roadshows of their own. And the competition is setting the stage for a free-for-all, no-holds-barred fist fight
