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Andhra Pradesh presents Rs 2.86 lakh crore Interim Budget

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Andhra Pradesh presents Rs 2.86 lakh crore Interim Budget

Amaravati, Feb 7 (IANS) Andhra Pradesh Finance Minister Buggana Rajendranath on Wednesday presented an interim Budget of Rs 2,86,389.27 crore.

The outlay is about 2.5 per cent higher than the previous year.

The budget size for 2023-24 was Rs 2,79,279 crore. The revenue expenditure is estimated at Rs 2,30,110.41 crore, and capital expenditure Rs 30,530 crore. The estimated revenue deficit is around Rs 24,758.18 crore and the fiscal deficit is estimated at around Rs 55,817 crore.

Presenting the last Budget of the YSRCP government before the election, Rajendranath said the fiscal deficit will be around 3.51 per cent of the GSDP, whereas the revenue deficit will be around 1.56 per cent of the GSDP.

In his Budget speech in the Assembly, he said the revenue deficit was Rs 44,487.49 crore and fiscal deficit Rs 52,508.34 crore during FY 2022-23.

“The revenue and fiscal deficit were 3.30 per cent and 3.98 per cent of the GSDP, respectively, for FY 2022-23,” he said, referring to finance accounts finalised by the Accountant General of Andhra Pradesh.

The revised estimate for revenue expenditure for FY 2023-24 was Rs 2,28,237.77 crore, whereas the capital expenditure was Rs 27,308.12 crore. The revenue deficit for 2023-24 was around Rs 31,534.94 crore, whereas the fiscal deficit for the same period was around Rs. 60,153.59 crore, which amounts to 2.19 per cent and 4.18 per cent of the GSDP, respectively.

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He presented a vote on account Budget of Rs 88,215 crore for 2024-25.

The amount would be utilised until the new government presents a full Budget after the Assembly elections.

Allocations for various welfare schemes have been given priority in the Budget.

About welfare schemes, the Minister said the government spent Rs. 2.53 lakh crore through DBT (direct benefit transfer) and Rs.1.68 lakh crore through non-DBT from 2019-20 to 2023-24.

As a result of this lakhs of families have escaped poverty, uplifted their standard of living, and availed new opportunities for growth and development, he said, noting that this is exemplified by the fact that, the per-capita income (NSDP) of Andhra Pradesh has shown a quantum jump from Rs 1,54,031 in 2018-19 to Rs 2,19,518 in 2022-23 and the rank has improved to 9th from 18th.

He pointed out that Andhra Pradesh in 2018-19, ranked 14th in terms of GSDP growth rate which was 11 per cent. In 2022-23, it was placed fourth with a GSDP growth rate of 16.2 per cent.

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“Andhra Pradesh is categorised as ‘Top Achiever’ in Ease of Doing Business under the Business Reform Action Plan for 2020-21. Andhra Pradesh in 2018-19, ranked 12th in terms of the agricultural sector CAGR of 8.3 per cent. Today, we rank 6th with a CAGR of 13 per cent. Andhra Pradesh is the first and only state to achieve universal coverage of farmers under the Dr YSR Free Crop Insurance scheme,” he said.

Referring to bifurcation, the Finance Minister said the state suffered a grievous wound in 2014 but the previous government did not take any substantive measures to amicably resolve the issues or to get rightful entitlements of the state when time was appropriate.

“Our government inherited a legacy of unresolved issues and antagonistic ties with our neighbour. Nevertheless, over the last five years, we relentlessly fought for our rights,” Rajendranath said.

He claimed that the government succeeded in releasing of Rs 10,460 crore revenue deficit grant for 2014-15 by the Centre.

“We obtained directions from the Government of India to the State of Telangana to pay the power dues of Rs 6,756 crore to Andhra Pradesh. We resolved the pending issues between Andhra Pradesh and Telangana pertaining to AP Civil Supplies Corporation. We obtained pending instalments of Backward district grants of Rs 1,050 crore. We convinced the 15th Finance Commission to award a higher revenue deficit grant of Rs 30,497 crore to AP; also convinced the GoI to sanction the revised project cost for Polavaram Project,” he said.

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He mentioned Andhra Pradesh is a young state brimming with ambition and energy but also handicapped by the bifurcation-related disruption and losses. However, being a new state has provided the opportunity to start with a clean slate, reimagine boundaries, and catapult to a high growth path.

The minister said that over the last five years, the government harnessed this opportunity with several path- breaking initiatives that are having a transformational impact on the lives of the people. These initiatives were implemented through Navaratnalu, Manifesto schemes, and strategic interventions.

The programsme have delivered positive outcomes and have met national and global acclaim, he claimed, citing the initiatives for decentralisation of governance, human development, empowerment of women, remunerative and sustainable agriculture and social safety net.

–IANS

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Defence Ministry: Year 2025 will be year of reforms

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rajnath singh with armed forces chief

On Wednesday, the Defence Ministry announced that 2025 will be designated as the “Year of Reforms,” with a primary focus on establishing integrated theatre commands to enhance collaboration among the three branches of the military.

These reforms are aimed at transforming the armed forces into a technologically advanced, combat-ready force capable of executing multi-domain integrated operations, the ministry stated.

The initiative will emphasize emerging domains such as cyber and space, alongside cutting-edge technologies like artificial intelligence, machine learning, hypersonics, and robotics.

Defence Minister Rajnath Singh described the “Year of Reforms” as a pivotal milestone in the modernization of the armed forces.

“It will set the stage for significant advancements in the nation’s defense capabilities, ensuring the security and sovereignty of India in the face of 21st-century challenges,” he said.

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A 3.2 magnitude tremor struck Gujarat’s Kutch district on Wednesday morning

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A 3.2 magnitude tremor struck Gujarat’s Kutch district on Wednesday morning, according to the Institute of Seismological Research (ISR).

The district administration reported no casualties or property damage following the quake.

The tremor occurred at 10:24 am, with its epicenter located 23 kilometers north-northeast (NNE) of Bhachau, as per the Gandhinagar-based ISR.

Last month, the region experienced four seismic events exceeding a magnitude of 3, including a 3.2 magnitude tremor just three days ago, with its epicenter also near Bhachau.

Earlier tremors in the area included a 3.7 magnitude earthquake on December 23 and a 3.2 magnitude event on December 7, according to ISR reports.

Kutch was also jolted by a 4.0 magnitude earthquake on November 18, 2024. On November 15, a 4.2 magnitude quake hit Patan in north Gujarat, based on ISR data.

Gujarat is considered a high-risk earthquake zone, having experienced nine major earthquakes over the past 200 years, according to the Gujarat State Disaster Management Authority (GSDMA). The 2001 earthquake in Kutch, which occurred on January 26, was the third-largest and second-most destructive in India in the last two centuries, according to the GSDMA.

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Diljit Dosanjh faces legal action over concert songs

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Singer and actor Diljit Dosanjh’s much-anticipated New Year’s Eve concert in Ludhiana faced legal hurdles after a complaint was filed by Punditrao Dharenavar, an assistant professor from Chandigarh.

Following the complaint, the Deputy Director of the Women and Child Department, Government of Punjab, issued a formal notice to Ludhiana’s District Commissioner, urging them to prohibit Dosanjh from performing specific songs during his live show on December 31, 2024.

The notice specifically targets songs accused of promoting alcohol, including Patiala Peg, 5 Tara Theke, and Case (Jeeb Vicho Feem Labbiya), even if the lyrics are slightly modified. The complaint points to previous warnings issued to Dosanjh by various commissions advising against performing these controversial tracks.

Despite these warnings, the singer allegedly continues to perform the songs with minor alterations. Dharenavar raised serious concerns about the influence of such music on young audiences, especially when minors are present at live events.

Adding to the controversy, Dharenavar referenced a 2019 Punjab and Haryana High Court ruling, which directed law enforcement to ensure that songs promoting alcohol, drugs, or violence are not played at public events, including concerts. This ruling underscores the legal basis for the complaint and has further intensified the scrutiny surrounding the event.

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UP Minister’s convoy overturns, 5 person injured

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UP Minister’s convoy overturns, 5 person injured

Five people sustained injuries when a vehicle in the convoy of Uttar Pradesh Minister and Nishad Party chief Sanjay Nishad overturned into a ditch near Januan village in the Khejuri Police Station area of Ballia district late last night.

Sanjay Nishad shared details of the incident, stating that the accident injured five party workers, including four women.

“I was traveling with the convoy to participate in the Constitutional Rights Yatra organized by the party on Tuesday night. Near Januan village in the Khejuri area, one of the vehicles following the convoy lost control while trying to avoid an animal and overturned into a ditch,” Nishad explained.

The injured individuals have been identified as Rakesh Nishad, Ramrati, Usha, Geeta, and Iravati Nishad.

Senior police and administrative officials quickly arrived at the scene following the incident to oversee the situation.

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Suchir Balaji’s mother alleges Murder

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Suchir Balaji’s mother alleges Murder

The mother of Suchir Balaji, a 26-year-old former OpenAI researcher found dead after accusing the company of copyright violations, has alleged that her son was “murdered” and called for a Federal Bureau of Investigation (FBI) probe.

Poornima Rao, Suchir’s mother, claimed her son’s death was a “cold-blooded murder” that authorities wrongly ruled as suicide. She further disclosed that a private autopsy report conflicted with the findings of the initial police investigation.

Rao alleged that her son’s apartment had been “ransacked” and cited evidence of a struggle in the bathroom, including bloodstains that suggested he had been assaulted.

“We hired a private investigator and conducted a second autopsy to uncover the truth. The private autopsy does not confirm the cause of death stated by the police. Suchir’s apartment was ransacked, there were signs of a struggle in the bathroom, and it appears he was hit based on blood spots. This is a cold-blooded murder being misclassified as a suicide. Lobbying in San Francisco won’t deter us from seeking justice. We demand an FBI investigation,” Rao wrote on X.

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Elon Musk reacted to Rao’s post, commenting, “This doesn’t seem like a suicide.”

Balaji was discovered dead in his San Francisco apartment months after accusing OpenAI of violating copyright laws during the development of ChatGPT, as reported by Fox News. Despite these claims, the San Francisco Police Department found no evidence of foul play and ruled the death a suicide.

On October 24, shortly before his death, Balaji voiced doubts about the “fair use” defense in generative artificial intelligence. “I recently participated in a NYT story about fair use and generative AI, and why I’m skeptical ‘fair use’ would be a plausible defense for a lot of generative AI products,” he wrote on X.

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