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..

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..