Puducherry budget presented on August 22

23 Aug 2022 CW Team

The Puducherry budget for 2022-2023 will be presented on August 22 by Chief Minister N Rangasamy, who also holds the finance responsibility, with the budget session due to resume at 9.30 a.m. on the same day.

The session, which began on August 10, was adjourned following the traditional address by Lt Governor Dr Tamilisai Soundararajan. Following the approval of a Draft budget of Rs 10,697 crores by the Centre, the government is preparing to present a full-fledged budget to the Legislative Assembly. The budget must be approved by the Assembly by August 31. It should be mentioned that a Vote on Accounts for Rs 36.13 billion was passed to cover the government's expenditure for the five months from April to August.

Though the business advisory group has yet to deliberate on the length of the session, given the need to adopt the budget by August 31, the session could be limited to seven days. This means that the 'demand for grants' will be passed with little to no debate.

Most critically, the government would have only seven months to implement the budget plans, despite the fact that the budget outlay is Rs 2.82 billion higher than the previous year's allocation of Rs 104.14 billion. While the Union has allocated Rs 17.29 billion in central aid to Puducherry in its budget, the finances will be tight with no news on GST compensation.

Also Read:
Wipro receives contract from UK Treasury
Tier 2 and 3 cities emerging as major real estate marketplaces..

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..