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Union Budget 2022 to be presented today; spending boost, elections likely focus

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3 years ago

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Union Budget 2022 to be presented today; spending boost, elections likely focus

Federal Finance Minister Nirmala Sitharaman will present the annual budget in Parliament on Tuesday, the second day of the budget meeting. The high-profile event is seen as crucial to sustaining India’s recovery from the devastation caused by the pandemic.

Sitharaman to present Budget 2022: Track live updates

Sitharaman’s previous budget proposal has a different background. While she proposed a series of reforms in 2019 (months after the BJP won a blockbuster electoral mandate), the next one during the Covid-19 pandemic narrows the range of possibilities.

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A third also emerged in the shadow of the pandemic.

The Union Cabinet will meet at 10.10am to approve the budget, which will be presented by the finance minister in Parliament at 11am.

Sitharaman’s fourth budget

The finance minister will present her fourth budget in a row this year and is expected to show the way to normalisation. She is expected to spend more on policies that create jobs, boost manufacturing and benefit the poor.

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Full coverage: 2022 league budget

Other key figures to watch in the budget include projected tax increases, dividends from the central bank and state-owned enterprises, any changes to import duties as part of the government’s plan to boost manufacturing, and the allocation of subsidies, particularly to fertiliser manufacturers .

What did the economic survey say?

India’s economy is expected to grow by 8-8.5% in 2022-23, according to an economic survey presented to parliament on Monday. It further said that the estimated size of the economy has exceeded its pre-pandemic size.

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Chief economic adviser V Anantha Nageswaran told a media briefing that growth forecasts in the survey were more conservative than those of other agencies. The International Monetary Fund forecast on January 25 that the Indian economy will grow by 9% in 2022-23.

Chief economic adviser Sanjeev Sanyal said India’s gross domestic product in 2021-22 is expected to be 1.3% higher than in 2019-20.

What’s more, the economic survey expressed confidence that the government has sufficient fiscal space to support economic activity, eschewing the actual fiscal trajectory for the next fiscal year starting in April, which is the prerogative of the budget.

Complete News Source : Hindustan Times

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DTC to start electric buses from 3 Delhi ISBTs to Noida airport by May end

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5 days ago

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May 10, 2025

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DTC to start electric buses from 3 Delhi ISBTs to Noida airport by May end

The buses will start and currently serve Greater Noida and Jewar, even though the airport is probably not going to be operational by May By the end of May, the Delhi Transport Corporation (DTC) plans to begin operating electric buses from the Capital to the soon-to-be Noida International Airport (NIA) in Jewar, according to officials. The buses will begin at.

Delhi’s three Inter State Bus Terminals (ISBTs) — Maharana Pratap ISBT at Kashmere Gate, Swami Vivekanand ISBT at Anand Vihar, and Veer Hakikat Rai ISBT at Sarai Kale Khan — and currently serve Greater Noida and Jewar, even though the airport is probably not going to meet the May deadline to be operational The Delhi Transport Corporation (DTC) is set to launch.

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Electric bus services connecting Delhi’s Inter-State Bus Terminals (ISBTs) to the upcoming Noida International Airport (NIA) in Jewar by the end of May 2025. This initiative aims to enhance connectivity between the national capital and the new airport, providing a March 2025, DTC and NIA signed operate thesesustainable and efficient mode transportation for.

Key Features of the Service

  • Routes and Terminals: The electric buses will operate from three major ISBTs in Delhi: Maharana Pratap ISBT at Kashmere Gate, Swami Vivekanand ISBT at Anand Vihar, and Veer Hakikat Rai ISBT at Sarai Kale Khan. Initially, these buses will serve areas in Greater Noida and Jewar, catering to the March 2025, DTC and NIA signed an MoU to operate these demand for public transport in these regions.
  • Memorandum of Understanding (MoU): In March 2025, DTC and NIA signed an MoU to operate these bus services, formalizing the collaboration between the two entities The fleet will consist of air-conditioned, low-floor electric buses equipped with modern amenities, including GPS tracking, CCTV cameras, panic buttons, and broad aisle spaces to accommodate luggage. These features aim to ensure.
  • Commuters passenger safety and comfort during transit While the exact fare amounts are yet to be finalized, discussions are ongoing in consultation with the Yamuna Expressway Industrial Development Authority (Yeida), which manages the Jewar area. The authorities aim to establish a cost-effective fare structure for commuters The bus services will initially be deployed on a pilot basis. Depending demand.

Additional Considerations

  • Infrastructure Development: A four-kilometer stretch of road that will be part of the bus route is not fully developed yet. DTC has reached out to Yeida to ascertain the usability and development timeline of this segment to ensure seamless operations. and passenger feedback, routes may be adjusted, and the number of buses increased to better serve commuters this, the bus services will begin as scheduled.
  • Airport Operational Timeline: Although the NIA was expected to commence operations by mid-May 2025, it is likely to miss this deadline due to ongoing construction work. Despite this, the bus services will begin as scheduled, providing connectivity to the surrounding areas in the interim providing connectivity to the surrounding areas in the interi This initiative reflects DTC’s commitment to.
  • Enhancing public transportation infrastructure and promoting eco-friendly travel options in the National Capital Region. By introducing electric buses on this route, the corporation aims to offer a reliable and sustainable alternative for commuters traveling between Delhi and the upcoming Noida International The Delhi Transport Corporation (DTC) is set to commence electric bus services.
  • connecting Delhi’s Inter-State Bus Terminals (ISBTs) to the upcoming Noida International Airport (NIA) in Jewar by the end of May 2025. This initiative aims to provide eco-friendly and convenient transportation options for commuters traveling between Delhi and the new airport NIA was expected to commence.
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