Goa Secures Rs 5.23 Billion in Central Tax, Infra and Tourism
ECONOMY & POLICY

Goa Secures Rs 5.23 Billion in Central Tax, Infra and Tourism

Chief Minister Pramod Sawant announced that Goa’s revenue will increase by Rs 5.23 billion as part of its central tax share, bringing the total devolution for 2025-26 to Rs 54.9 billion. He welcomed the Union Budget’s allocation of Rs 1.50 trillion for capital investment, confirming that Goa has already utilised Rs 11.85 billion from this scheme until January. 

Infrastructure projects in the state will receive a boost, with Rs 4.82 billion allocated for Konkan Railway and South Western Railway to support station upgrades, new lines, and track doubling. Sawant stated that this will facilitate the introduction of Vande Bharat trains on the Canacona-Pernem double-track route within the next two to three years. 

The state will establish two Day Care Cancer Centres, one in North and one in South Goa, as outlined in the budget. Additionally, the revamped PM Svanidhi scheme will benefit over 3,000 street vendors. 

Goa’s tourism sector is set to grow with funding for upgrading the country’s top 50 tourism destinations, increased MUDRA loans for homestays, and support for the “Heal in India” medical tourism initiative, which includes streamlined visa norms for foreign tourists. 

Sawant also confirmed that the foundation stone for IIT Goa’s permanent campus will be laid this year, with the land finalisation process nearing completion. 

(thegoan.net)       

Chief Minister Pramod Sawant announced that Goa’s revenue will increase by Rs 5.23 billion as part of its central tax share, bringing the total devolution for 2025-26 to Rs 54.9 billion. He welcomed the Union Budget’s allocation of Rs 1.50 trillion for capital investment, confirming that Goa has already utilised Rs 11.85 billion from this scheme until January. Infrastructure projects in the state will receive a boost, with Rs 4.82 billion allocated for Konkan Railway and South Western Railway to support station upgrades, new lines, and track doubling. Sawant stated that this will facilitate the introduction of Vande Bharat trains on the Canacona-Pernem double-track route within the next two to three years. The state will establish two Day Care Cancer Centres, one in North and one in South Goa, as outlined in the budget. Additionally, the revamped PM Svanidhi scheme will benefit over 3,000 street vendors. Goa’s tourism sector is set to grow with funding for upgrading the country’s top 50 tourism destinations, increased MUDRA loans for homestays, and support for the “Heal in India” medical tourism initiative, which includes streamlined visa norms for foreign tourists. Sawant also confirmed that the foundation stone for IIT Goa’s permanent campus will be laid this year, with the land finalisation process nearing completion. (thegoan.net)       

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement