Supplementary budget worth Rs 50.13 Bn tabled in assembly

27 Aug 2024 CW Team

The Uttarakhand government presented a supplementary budget of Rs 50.13 billion in the state assembly on Thursday. This followed the introduction of key bills, including the Uttarakhand Prisons and Correctional Services Bill, 2024, and an amendment to the Uttar Pradesh Zamindari Abolition and Land Reforms Act, 1950.

The main budget for the year was Rs 892.30 billion, with the supplementary budget covering Rs 37.56 billion in revenue expenses and Rs 12.56 billion in capital expenses.

The supplementary budget allocated Rs 15.32 billion for centrally funded schemes and Rs 2.73 billion for externally aided schemes. Chief Minister Pushkar Singh Dhami stated that the government is committed to public welfare, and the budget includes significant provisions for such schemes. Disaster management was highlighted as a major focus.

A total provision of Rs 7.49 billion has been made for major construction works in the Himalayan state, including Rs 500 million for the development of Tehri Lake, Rs 320 million for the construction of Gau Sadans, Rs 250 million for nursing colleges, and Rs 140 million for degree college construction.

The Uttarakhand Prisons and Correctional Services Bill, 2024, is intended to modernise the state?s prison laws following the repeal of several older acts by the Union Ministry of Home Affairs. The bill addresses the management of prisons and the rehabilitation of prisoners.

Furthermore, the Uttarakhand government has proposed amendments to the Zamindari Abolition and Land Reforms Act to resolve issues arising from the expansion of municipal areas and related land disputes.

Infrastructure Transport

13 Jul 2026

Bhogapuram Airport Set For Take Off After Licence Issued

Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu announced that Alluri Sitharama Raju Bhogapuram International Airport has achieved 100 per cent completion following issuance of its aerodrome licence by the Ministry of Civil Aviation after an inspection with public representatives, district officials and GMR Group representatives. The licence was granted after extensive verification over the past month to ensure that safety and operational standards were met. The Chief Minister's Office has already contacted the Prime Minister's Office to finalise an inauguration date and commercial fli..

Auto Sector To Grow 22-24 Per Cent In Q1 FY27

Credit Rating Information Services of India (Crisil) estimated that India's automobile sector is expected to report revenue growth of 22-24 per cent year-on-year in the first quarter of FY27 and to be among the largest contributors to corporate revenue growth in the quarter. The agency estimated overall corporate revenue to have grown 11-11.5 per cent year-on-year in the quarter ended 30 June 2026, the fastest pace in two years despite supply chain disruptions and higher input costs from the West Asia conflict. This compared with growth of 9.6 per cent in the preceding quarter. Crisil said the..

Nomura Sees Q1 Pressure On Cement Margins; Backs Major Players

Nomura said cement margins will be under pressure in the June quarter as fuel and packaging costs rose, although volume growth is expected to remain healthy. The brokerage forecast six to seven per cent year-on-year organic volume growth for the Indian cement industry in the period, with Shree Cement identified as likely to post the highest growth at 15 per cent year-on-year. It noted that the West and North regions outperformed on pricing, aiding companies with greater exposure in those markets. Average trade prices improved three per cent sequentially to around Rs 326 per bag after price inc..