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| Budget 2023: Centre allocates Rs 35,581.44 cr to J&K | | | | Agencies
NEW DELHI, Feb 1: The Union Budget 2023-24 today allocated Rs 35,581.44 crore to Jammu and Kashmir, the majority of it being central assistance for the union territory.
Other union territories — Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli and Daman and Diu, Ladakh, Lakshadweep, Puducherry and Delhi — too got their share.
According to the Budget papers, Rs 35,581.44 crore has been allocated to Jammu and Kashmir, of which Rs 33,923 crore is central assistance.
This allocation is substantially lower than the current fiscal’s revised estimate of Rs 44,538.13 crore. The central assistance given to the union territory is to meet the resource gap and a special fiscal support of Rs 9,486.13 crore.
The Jammu and Kashmir administration will have to spend the amount for mitigation of natural disasters, to meet the expenditure incurred on account of permanent restoration of infrastructure which was damaged due to the 2014 floods, rehabilitation, preservation and restoration of Dal-Nageen lake in Srinagar.
The funds will also be spent as equity contribution f... | |
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| LG Sinha thanks PM Modi, Finance Minister | | | | Early Times Report
Jammu/Delhi, Feb 1: The Lieutenant Governor, Manoj Sinha has expressed gratitude to Hon’ble Finance Minister Smt. Nirmala Sitharaman and Hon’ble Prime Minister Shri Narendra Modi for the first budget of Amrit Kaal that will put the country on a faster, sustainable and more inclusive growth path to achieve the goal of 5 Trillion Dollar economy.
The Lt Governor said: The first budget of Amrit Kaal presented by Hon’ble Finance Minister Smt. Nirmala Sitharaman Ji under the guidance of Hon’ble Prime Minister Shri Narendra Modi Ji is to ensure sustained, equitable & inclusive growth and to achieve the milestone of 5 Trillion Dollar economy & to transform India into a global... | |
| | | | No tax on income up to Rs 7 lakh | | | | Agencies
New Delhi, Feb 1: Finance minister Nirmala Sitharaman on Wednesday announced no tax for those with annual income of up to Rs 7 lakh under the new tax regime but made no changes for those who continue in the old regime that provides for tax exemptions and deductions on investments and expenses such as HRA.
In what is being seen as push for salaried class taxpayer to switch to new tax regime where no exemptions on investments is provided, the finance minister in her budget for 2023-24 allowed a standard deduction of Rs 50,000 under the new regime.
The old tax regime provides for a similar deduction and no tax on income up to Rs 5 lakh.
Also, the basic exemption limit has been r... | |
| | | | First budget of ‘Amrit Kaal’ lays foundation for developed India: PM Modi | | | | Agencies
New Delhi, Feb 1: Prime Minister Narendra Modi on Wednesday said the first budget of the “amrit kaal” provides foundation to fulfil the resolve for a developed India while giving priority to deprived sections of the society as well.
In his first reaction to the Budget presented by Finance Minister Nirmala Sitharaman, Modi said it will fulfil dreams of the aspirational society, farmers and middle class.
The middle class is a big force to fulfil dreams of a prosperous and developed India and our government has taken many decisions to empower it, the prime minister said.
Touching on various aspects of the budget, he said success of digital payments has to be replicated in the ag... | |
| | | | Security of nation can neither be outsourced nor be dependent on others: Army Chief | | | | Agencies
New Delhi, Feb 1: Chief of the Army Staff General Manoj Pande on Wednesday said no country is willing to share the latest, “state-of-the-art” technologies and it implies that security of the nation can neither be outsourced nor be dependent on the largesse of others.
He was speaking at the foundation day of the Army Institute of Technology in Maharashtra’s Pune city. “The ongoing Russia-Ukraine conflict has brought to fore certain key facts such as the impact of asymmetric warfare, the potential of information warfare, digital resilience, weaponisation of economic mechanisms, communication redundancy, space based system and many more, all are driven by possession of technology ... | |
| | | | Day 3: Jammu-Srinagar highway remains closed | | | | Early Times Report
Jammu, Feb 1: The Jammu-Srinagar National Highway was closed for traffic for the third consecutive day today following fresh landslides in Ramban district, leaving more than 800 vehicles stranded on the road.
The 270 kilometre-long highway, the only all-weather road linking Kashmir with the rest of the country, was blocked by mudslides and shooting stones between Chanderkote and Banihal in the district on Monday.
“There was a major landslide on the highway at Rampari area in Banihal tehsil Wednesday morning. Besides, another landslide took place in Wagon,” an official said.
Men and machines have been deployed to clear the highway, officials said, adding that it will... | |
| | | | Ajit Doval’s White House visit to boost ties wit US | | | | Agencies
Washington, Feb 1: The discussions held during the visit of National Security Advisor Ajit K Doval form the basis for intensifying India-US cooperation in cutting-edge sectors and are truly reflective of the maturity of a comprehensive and global strategic partnership, the Indian embassy here has said.
Doval led a high-powered delegation to the US that included five secretary level officials and members of the Indian corporate sector from the hi-tech area for the launch of the India-US initiative on critical and emerging technologies at the White House here along with his American counterpart Jake Sullivan.
“The discussions during this visit form the basis for intensifying Ind... | |
| | | | Avalanche kills 2 Polish skiers in Gulmarg, 21 rescued | | | | Early Times Report
Srinagar, Feb 1: Two Polish skiers died in a massive snow avalanche that hit the tourist resort of snow bound Gulmarg in Baramulla district of Jammu and Kashmir on Wednesday,officials said.
They said 19 foreign nationals from Poland and Russia and two local guides were rescued successfully. The snow avalanche triggered this afternoon near Afarwat hills at Hapath Khud in Gulmarg. The moment when the avalanche hit the Gulmarg resort was caught on camera and it showed people running for safety.
Senior Superintendent of Police, Baramulla Amod Nagpure said this morning three teams comprising 21 foreign nationals of Russia and Poland and two local guides went for skiing a... | |
| | | | HC upholds PSA detention of narco-smuggler | | | | Early Times Report
Jammu, Feb 1: The Jammu & Kashmir and Ladakh High Court has upheld the detention under Public Safety Act of a narco smuggler. The court upheld the order No. PIT NDPS-4 of 2022 dated 25.04.2022 passed by respondent No.2-Divisional Commissioner Jammu alongwith the proceedings conducted under Section 3 of the Prevention of Illicit Traffic in Narcotic Drugs and Psychotropic Substance Act 1988 r/w SRO 247 of 1998 dated 27.07.1988 whereby Daljeet Singh of Kathua placed under detention.
Justice Mohan Lal while dismissing the petition, observed that In the present case the petitioner has been involved in many criminal activities and against him five) FIRs.
The Court held t... | |
| | | | HC sets aside conviction of Additional Treasury Officer | | | | Early Times Report
Jammu, Feb 1: The Jammu & Kashmir and Ladakh High Court has set-aside the conviction and sentence of 2 years with fine Rs 10000/- to Roshan Lal Bhagat S/O Duni Chand R/O Thoba Tehsil Bhaderwah (the then Additional Treasury Officer Thathri) in a corruption case.
Justice Mohan Lal after hearing Advocate Nirmal Kotwal for the appellant, hold that that there is no legal evidence on record to prove that appellant/convict has committed the forgery.
The direct evidence/the circumstances as relied upon by the prosecution are not strong enough indicating the involvement of appellant/convict in the commission of crime and all the circumstances are not compatible with the poss... | |
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