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New Indian Express
6 minutes ago
- New Indian Express
Grant-in-aid provided by Centre to Punjab government declines by half this year
CHANDIGARH: The grants-in-aid to the Punjab Government from the Union Government has declined by half between the first quarter of the current financial year compared to the corresponding period last year. The revenue deficit grant which the 15th Finance Commission supposed to provide, was not received by the State, resulting a gap in revenue receipts. Sources said that as per the fiscal indicators of the first quarter of this fiscal, the State government received Rs 793.74 crore as grants-in-aid. Last year, in the same period, it got Rs 1,471.99 crore marking a decline of Rs 678.25 crore. A total of Rs 25,968 crore grant from 2021 to 2026 was given by the Commission. In the first two years, the State got maximum grants in 2021-22 of Rs 10,081 crore, Rs 8,274 crore in 2022-23. In 2023-24, it got Rs 5,618 crore, and in 2024-25, the State received Rs 1,995 crore and this year, nothing. It has impacted the total revenue receipts of the state government, which, though higher than the first quarter of 2024-25, is lower than the targeted receipts. Between April to June this year, the revenue receipts were Rs 22,938.23 crore, which is just 20.04 per cent of the total targeted revenue of Rs 1,11,740.32 crore for the entire financial year. Always, the revenue collection is higher in the first quarter of the year, said sources.
Deccan Herald
6 minutes ago
- Deccan Herald
Gold declines Rs 500 to Rs 98,020/10 g; silver plunges Rs 1,000
According to the All India Sarafa Association, the precious metal of 99.9 per cent purity ended at Rs 98,520 per 10 grams, down by Rs 600 on Saturday.
India.com
6 minutes ago
- India.com
New Budget EV Scooter Launched At Just Rs...; 90Kmph Top Speed, 3 Ride Modes And 116km Range
Kinetic DX Electric Scooter: The Kinetic DX electric scooter has been launched in India in two variants: DX and DX+, priced at Rs 1.11 lakh and Rs 1.17 lakh (ex-showroom, Pune). Interested buyers can book the scooter online via the brand's official website. Deliveries are set to begin from October 2025. For now, the company plans to sell only 35,000 units of the DX across India. The new DX brings back memories of the original Kinetic Honda DX, launched in 1984. That scooter was widely popular among Indian families in the 90s. The new electric DX rivals other e-scooters like the Bajaj Chetak, TVS iQube, and Ather Rizta. Buyers will get a 3-year/30,000 km standard warranty, which can be extended up to 9 years/1,00,000 km. Both the DX and DX+ come with the same 2.5kWh IP67-rated battery pack, but have different motors. The DX variant gets a 4.7kW motor, while the DX+ is fitted with a 4.8kW motor. The DX offers a claimed range of 102 km, whereas the DX+ delivers up to 116 km of range on a full charge. Top speeds are 80 km/h for DX and 90 km/h for DX+. The battery can be charged from 10% to 50% in 2 hours, 0% to 80% in 3 hours, and 0 to 100% in 4 hours. It is equipped with an integrated charger and a 15A charging plug placed inside the glovebox. The scooter offers three ride modes: Range, Power, and Turbo. Suspension duties are handled by telescopic forks at the front and twin shock absorbers with preload adjustability at the rear. For braking, it uses a front disc and rear drum with CBS (Combined Braking System). The scooter rides on 12-inch alloy wheels with 100-section tyres at both ends. Key Features include all-LED lights with K-shaped DRL, 8.8-inch LCD console, speaker with volume controls, USB charging port, cruise control, reverse mode, regenerative braking, 37-litre underseat storage, anti-theft alert, vehicle tracking, follow me home headlight and ride data analysis.
