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UP Budget: Uttar Pradesh govt presents supplementary budget of Rs 7,302 crore

The supplementary budget was presented by Finance Minister Suresh Kumar Khanna in the presence of Chief Minister Yogi Adityanath. Khanna said the supplementary budget is very small and should be passed without any discussion. ....

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UP's public debt to rise Rs 6.11 trn in FY22, driven by Covid-19 impact

Uttar Pradesh’s public debt will swell more than 8 per cent, from Rs 5.65 trillion in 2020-21 to Rs 6.11 trillion in financial year 2021-22 due to the economic impact of the coronavirus pandemic, India’s most populous state estimates.
Topping the debt is market borrowings of more than Rs 4.18 trillion by the state government and its agencies, according to UP’s annual budget. The debt still conforms to the Fiscal Responsibility and Budget Management (FRBM) Act, which mandates states to tame aggregate debt below 30 per cent of their gross state domestic product (GSDP).
At an estimated Rs 6.11 trillion in financial year 2021-22, the public debt ratio stands at 28.1 per cent vis-à-vis the projected GSDP of Rs 21.72 trillion. ....

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Uttar Pradesh Budget 2021-22: UP to name airport after Lord Rama; allocates Rs 101 crore

Uttar Pradesh Budget 2021-22: UP to name airport after Lord Rama; allocates Rs 101 crore
The state government has allocated a budget of Rs 101 crore towards it in the Uttar Pradesh budget 2021-22 presented in the Uttar Pradesh Vidhan Sabha on Monday
BusinessToday.In | February 23, 2021 | Updated 11:51 IST
The budget, which is aimed at making India s most populous state atmanirbhar (self-reliant), also provides Rs 2,000 crore for increasing the number of airstrips from 2 to 6 at the Jewar Airport (Noida International Airport)
The under-construction airport in Ayodhya will be christened Maryada Purshottam Sriram Airport after Lord Rama. The state government has allocated a budget of Rs 101 crore towards it in the Uttar Pradesh budget 2021-22 presented in the Uttar Pradesh Vidhan Sabha on Monday. ....

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CCI trashes alleged cartelisation case among domestic airlines

CCI trashes alleged cartelisation case among domestic airlines
The case had emanated upon receipt of a letter from the Lok Sabha secretariat in January 2014 with a request to examine whether there is any evidence of cartelization in the airlines sector
PTI | February 23, 2021 | Updated 13:45 IST
The Competition Commission of India (CCI) on Monday dismissed a complaint pertaining to alleged cartelization among various domestic airlines. The case had emanated upon receipt of a letter from the Lok Sabha secretariat in January 2014 with a request to examine whether there is any evidence of cartelization in the airlines sector.
The data was analyzed for the sample reference period from April 2012 to March 2014 in respect of Jet Airways (including JetLite), Indigo, SpiceJet, GoAir and Air India for certain routes. ....

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CCI trashes alleged cartelisation case among domestic airlines

CCI trashes alleged cartelisation case among domestic airlines
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