Explore Business Standard
Don’t miss the latest developments in business and finance.
Uttar Pradesh Finance Minister Suresh Khanna on Thursday said that the state's budget for 2022-2023 would focus on infrastructure, employment generation, youth and women.Addressing the media, he said it's the first budget in the second innings of UP state government."We would try to fullfil our promises. The focus of this Budget is on the creation of infrastructure, generation of employment opportunities, youth and women. No new tax has been introduced," said Khanna.He also highlighted that "Our economic situation has been improving even during the pandemic."The first session of the 18th Uttar Pradesh Assembly in Lucknow elected members was held on May 23.Earlier, Chief Minister Yogi Adityanath on Monday had said that Uttar Pradesh budget for 2022-23 will be introduced on May 26.
Karnataka Chief Minister Basavaraj Bommai has proposed no increase in taxes in the Budget 2022-23 presented by him in the state Legislative Assembly on Friday. In his maiden budget, the Chief Minister who also holds the Finance portfolio has expressed his government's commitment for the implementation of the Mekedatu project across river Cauvery, to which neighbouring Tamil Nadu is opposed to, and has provided Rs 1,000 crore for it this year. With just a year left for the Assembly polls in the state, this is most likely to be the last full-fledged budget ahead of the elections. "The economy in 2021-21 is on the road to recovery. In these circumstances, I am not willing to put extra burden of additional taxes on the common man," Bommai said. Presenting the budget in the legislative assembly, he said, tax collection targets will be achieved by ensuring all the tax departments to perform better. The Chief Minister also said that he is not increasing the petrol and diesel ...