Odisha cabinet approves Rs 2 lakh crore budget for FY22-23
ECONOMY & POLICY

Odisha cabinet approves Rs 2 lakh crore budget for FY22-23

The Odisha cabinet approved an annual budget of approximately Rs 2 lakh crore for the financial year (FY) 2022-2023.

Even though the complete budget has been approved, finance minister Niranjan Pujari presented the state parliament with a vote-on-account for four months (April-July) on March 30.

A senior official told the media that as it was not possible to pass the entire budget during this ongoing session, they will seek the vote-on-account for four months. The four-month outlay is likely to be around Rs 90,000 crore.

On March 31, the appropriation bill would be passed to enable the government to spend money from the state exchequer from April 1, the beginning of the new FY2022-23.

According to the media sources, provisions would be made for continuing all current programs/schemes, including the salary and pension of state government workers and retirees, even though the state government seldom makes preparations for new schemes in the vote-on-account.

Among the ongoing programmes, schemes aimed at reducing poverty, increasing farmers' income through crop diversification and direct benefit transfer, providing piped drinking water to all, would enable quality education and skill development, provide quality physical infrastructure for enhancing economic activities, and empowering women are expected to receive significant funding in the four-month budget.

Some of the state government's top priorities, including the transformation of Puri, the rehabilitation of Lingaraj, the upgrade of SCB medical college and hospital, and other tourist infrastructure development, are expected to get significant funding in the budget.

Following the council of ministers meeting, a meeting of the state cabinet was held, in which 27 proposals from various ministries were adopted. As the state assembly is in session, no details of the cabinet decision have been published.

Image Source

Also read: Odisha's Malkangiri Airport to become functional by Jan 2024

The Odisha cabinet approved an annual budget of approximately Rs 2 lakh crore for the financial year (FY) 2022-2023. Even though the complete budget has been approved, finance minister Niranjan Pujari presented the state parliament with a vote-on-account for four months (April-July) on March 30. A senior official told the media that as it was not possible to pass the entire budget during this ongoing session, they will seek the vote-on-account for four months. The four-month outlay is likely to be around Rs 90,000 crore. On March 31, the appropriation bill would be passed to enable the government to spend money from the state exchequer from April 1, the beginning of the new FY2022-23. According to the media sources, provisions would be made for continuing all current programs/schemes, including the salary and pension of state government workers and retirees, even though the state government seldom makes preparations for new schemes in the vote-on-account. Among the ongoing programmes, schemes aimed at reducing poverty, increasing farmers' income through crop diversification and direct benefit transfer, providing piped drinking water to all, would enable quality education and skill development, provide quality physical infrastructure for enhancing economic activities, and empowering women are expected to receive significant funding in the four-month budget. Some of the state government's top priorities, including the transformation of Puri, the rehabilitation of Lingaraj, the upgrade of SCB medical college and hospital, and other tourist infrastructure development, are expected to get significant funding in the budget. Following the council of ministers meeting, a meeting of the state cabinet was held, in which 27 proposals from various ministries were adopted. As the state assembly is in session, no details of the cabinet decision have been published. Image Source Also read: Odisha's Malkangiri Airport to become functional by Jan 2024

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