
Cabinet OKs key projects, social schemes
Among the key approvals was the intra-state Kosi-Mechi river linking project with a projected cost of Rs 6,282 crore. Once completed, the project will offer flood protection and irrigation to 2.14 lakh hectares across Araria (69,642 ha), Purnia (69,970 ha), Kishanganj (39,548 ha) and Katihar (35,653 ha). The centrally sponsored project includes a central share of Rs 3,652 crore.
The cabinet also cleared the introduction of inter-state AC and non-AC deluxe bus services for passengers, including migrant workers, travelling to Delhi, Uttar Pradesh, Punjab, Haryana and West Bengal.
Following consultations with respective state governments, 74 non-AC buses (Rs 50 crore) and 75 AC deluxe coaches (Rs 55 crore) will be procured by Bihar State Road Transport Corporation (BSRTC). An additional Rs 30 crore will be allocated for 150 deluxe buses to operate under a public-private partnership during festive periods such as Durga Puja, Chhath and Holi.
You Can Also Check:
Patna AQI
|
Weather in Patna
|
Bank Holidays in Patna
|
Public Holidays in Patna
To address urban infrastructure needs, Rs 331 crore has been sanctioned for a stormwater drainage system on Saidpur Nala in Patna.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Trade Bitcoin & Ethereum – No Wallet Needed!
IC Markets
Start Now
The cabinet also approved the extension of J P Ganga Path via Digha, Sherpur and Bihta up to Koilwar (35km) using the Hybrid Annuity Model.
In the education sector, Rs 281 crore was approved for building boys' and girls' hostels at engineering colleges in Arwal, Rohtas and Jehanabad, as well as at the Muzaffarpur Institute of Technology (MIT) and polytechnics in Madhubani (West Champaran) and Saharsa. New digital planetariums and space/astronomy education centres will be set up in East Champaran, Jamui, and Purnia.
A sum of Rs 32 crore was sanctioned for a drinking water supply system in Jehanabad.
The cabinet also gave its formal approval to the policy announcements made by CM Nitish Kumar following his recent dialogues with Jeevika Didis and elected PRI representatives. This includes increasing the project sanctioning cap for mukhiya from Rs 5 lakh to Rs 10 lakh and enhancing the honorarium and ex gratia payment for PRI and Gram Kutchery representatives.
If an elected member dies during their term, their family will receive Rs 5 lakh.
A significant welfare move was the increase in pensions for elderly, widows and persons with disabilities – from Rs 400 to Rs 1,100 per month. The cabinet also approved an interest subsidy scheme for loans taken by Jeevika Didis from banks. While banks charge 10.40% to 12.40% interest, the women will now pay only 7%, with the state govt covering the rest.
Further, the cabinet approved the construction of 8,053 Kanya Vivah Mandaps, one in each panchayat, at a cost of Rs 50 lakh per mandap. These community halls for weddings and social functions will be built by the panchayats themselves, with the full project costing Rs 4,026 crore over five years.
Highlighting the need for targeted economic support, chief secretary Amrit Lal Meena said the 2022-23 caste-based headcount and economic survey revealed 94 lakh families in the state with a monthly income of just Rs 6,000. The cabinet has now set up a five-member committee, headed by the chief secretary, to expedite the disbursement of Rs 2 lakh to each of these poorest households to enable microeconomic activities and entrepreneurship.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
4 minutes ago
- Economic Times
Crypto sector breaches $4 trillion in market value during pivotal week
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The crypto sector's market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape.A wave of renewed optimism, regulatory clarity in key markets and rising institutional flows have catapulted the crypto sector to a new valuation U.S. House of Representatives passed a bill on Thursday to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens, known as stablecoins, sending the bill to President Donald Trump , who is expected to sign it into law."The arrival of the Trump legislation signaled an about-turn in attitudes towards the crypto industry, but legislators are still exercising some caution," said Derren Nathan, head of equity research, Hargreaves lawmakers also passed two other crypto bills, sending them next to the Senate for consideration. One lays out a regulatory framework for crypto, while the other seeks to ban the U.S. from issuing a central bank digital $4 trillion milestone underscores how far the crypto industry has come from its speculative, fringe origins. With growing interest from asset managers, new exchange-traded products and broader adoption among retail and corporate users, digital assets are increasingly shaping conversations in global a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, are commonly used by crypto traders to move funds between tokens. Their use has grown rapidly in recent years, and proponents say they could be used to send payments instantly."The Genius Act will go down in history as a law that served as a foundational step in mainstreaming of crypto as an asset class," said Chris Perkins, president, treasury allocations to bitcoin are also gaining pace, with a growing number of public companies adding the token to their balance sheets as a long-term store of sector was last trading at a combined market value of $3.92 trillion, as bitcoin - the world's largest cryptocurrency - fell 1.8%.Bitcoin crossed the $120,000 mark earlier this week, setting a record. Brokerage Bernstein forecast it could climb to $200,000 by the second-biggest crypto token, was last up 4.5%. It has more than doubled over the past three crypto rally also powered gains in linked equities, with Coinbase and Robinhood climbing to all-time highs on Friday. Shares of the crypto exchange were last up 1%, while the retail trading platform, which also supports crypto trades, gained 3%.Ether-focused stocks also saw broad gains.

Economic Times
4 minutes ago
- Economic Times
M-cap of 6 of top-10 most valued firms slumps Rs 94,433 crore; TCS, RIL top laggards
The combined market valuation of 6 of the top-10 most valued firms declined by Rs 94,433.12 crore last week, with Tata Consultancy Services and Reliance Industries taking the biggest hit, in line with a bearish trend in equities. ADVERTISEMENT Last week, the BSE benchmark tumbled 742.74 points or 0.90 per cent. While Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, Infosys and Hindustan Unilever suffered erosion from their market valuation last week, ICICI Bank, State Bank of India, Bajaj Finance and Life Insurance Corporation of India (LIC) emerged as gainers. The valuation of TCS tumbled Rs 27,334.65 crore to Rs 11,54,115.65 crore, the most among the top-10 Industries suffered an erosion of Rs 24,358.45 crore to Rs 19,98,543.22 crore from its valuation. The market capitalisation (mcap) of HDFC Bank tanked Rs 20,051.59 crore to Rs 15,00,917.42 crore. ADVERTISEMENT Bharti Airtel's mcap dropped by Rs 11,888.89 crore to Rs 10,83,998.73 crore, and that of Hindustan Unilever declined by Rs 7,330.72 crore to Rs 5,84,789.77 mcap of Infosys dived Rs 3,468.82 crore to Rs 6,59,096.12 crore. ADVERTISEMENT However, the valuation of the State Bank of India jumped Rs 13,208.44 crore to Rs 7,34,763.97 crore. The mcap of Bajaj Finance surged Rs 5,282.15 crore to Rs 5,85,292.83 crore, while ICICI Bank added Rs 3,095 crore, taking its valuation to Rs 10,18,008.73 crore. ADVERTISEMENT The market capitalisation of LIC climbed Rs 506 crore to Rs 5,83,828.91 crore. Reliance Industries was leading the pack of the top-10 firms, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and LIC.

Economic Times
4 minutes ago
- Economic Times
Corporate actions this week: LIC, Hero Moto, 23 more stocks to have record dates for dividend. Do you own any?
India's largest life insurer Life Insurance Corporation (LIC), two-wheeler major Hero MotoCorp and pharma stocks like Novartis, Zydus Lifesciences and Lupin will be among 25 companies which will be holding their record dates for the purpose of dividend. Check if you own any of these stocks: ADVERTISEMENT Monday, July 21 It will be the ex-date and record date for dividends of: --Shree Cement: Final Dividend of Rs 60-- Thangamayil Jewellery: Final Dividend of Rs 12.50 ADVERTISEMENT Tuesday, July 22It will be the ex-date and record date for final dividend of Rs 100 Voltamp Transformers ADVERTISEMENT Wednesday, July 23It will be the ex-date and record date for dividends of: ADVERTISEMENT -- Aditya Birla Sun Life AMC: Dividend of Rs 24-- EL CID Investments: Final Dividend of Rs 25-- Novartis India: Final Dividend of Rs 25 ADVERTISEMENT -- Pidilite Industries: Final Dividend of Rs 20 Thursday, July 24 It will be the ex-date and record date for dividends of:-- Birlanu: Final Dividend of Rs 30 -- Fiem Industries: Final Dividend of Rs 30 -- Hero MotoCorp: Final Dividend of Rs 65-- Paushak: Final Dividend of Rs 20-- TCPL Packaging: Dividend of Rs 30 Friday, July 25 It will be the ex-date and record date for dividends of: -- 3M India: Dividend of Rs 535 -- Abbott India: Final Dividend of Rs 475 -- Akzo Nobel India: Final Dividend of Rs 30 -- Bharti Hexacom: Final Dividend of Rs 10-- Divis Laboratories: Final Dividend of Rs 30-- Fine Organic Industries: Final Dividend of Rs 11-- GOCL Corporation: Dividend Rs 10 -- ICRA: Final Dividend of Rs 60 -- Life Insurance Corporation of India (LIC): Final dividend of Rs 12-- Lupin: Final dividend of Rs 12 -- Thyrocare Technologies: Final Dividend of Rs 21 -- Timken India: Rs Final Dividend of Rs 36 -- Zydus Lifesciences: Final Dividend of Rs 11 (You can now subscribe to our ETMarkets WhatsApp channel)