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Hans India
15 minutes ago
- Hans India
Union Minister Sitharaman concludes Meghalaya visit; inaugurates multiple projects
Shillong: Union Finance Minister Nirmala Sitharaman concluded her four-day Meghalaya visit on Sunday with a trip to the historic Ramakrishna Mission School in Sohra, where she paid homage to Swami Vivekananda, government officials said. During Union Minister Sitharaman's visit to the state, Meghalaya marked a significant milestone in its development journey as she inaugurated and laid foundation stones for multiple key projects worth Rs 1,087.81 crore. Speaking at the integrated public programme held at LARITI – International Centre for Performing Arts and Culture earlier this week, Union Minister Sitharaman praised Meghalaya's steady progress and visionary leadership under Chief Minister Conrad K. Sangma. Highlighting the Centre's support, the Union Finance Minister said that Meghalaya has been allocated a total of Rs 5,400 crore under the Special Assistance to States for Capital Investment (SASCI) scheme. Commending the effective use of funds, she remarked, "I am happy that the government has used the amount effectively for capital assets. I want to place on record my appreciation for Meghalaya's efforts. The funds are being fully utilised. Some states have struggled to use their entire share, but Meghalaya has made the most of its allocation." Meanwhile, the Union Finance Minister toured the Ramakrishna Mission School's vocational training centre on Sunday, interacting with around 100 women receiving free weaving training -- a key empowerment initiative she praised. Swami Anuragananda, Secretary of the Mission, highlighted Union Minister Sitharaman's enduring ties to the institution. "She took keen interest in our century-long journey, from education and healthcare to community service, and acknowledged our impact," he said. The Union Minister also engaged with local entrepreneurs and trainees, applauding their resilience. The school's storied alumni -- including former Meghalaya Chief Minister B.B. Lyngdoh, MP G.G. Swell, and former Assembly Speaker Donkupar Roy -- drew her attention, underscoring the institution's role in shaping leaders. The visit coincided with its centenary celebrations, marked by Union Minister Sitharaman planting a sapling as a symbol of enduring legacy. Dignitaries like Padma Shri awardee Theilin Phanbuh, a women's welfare advocate, and 90-year-old Lolin Lyndem -- an alumnus and former teacher -- joined the event.
New Indian Express
16 minutes ago
- New Indian Express
Karnataka transport minister urges Centre to provide direct subsidy to states for electric buses
MANGALURU: Karnataka Transport Minister B. Ramalinga Reddy has called on the central government to directly provide subsidies to state governments for procuring electric buses under the PM e-Bus Sewa Scheme, instead of routing them to private operators through the Public-Private Partnership (PPP) model. Speaking at the inauguration of the automated driving test track at Pajir near Mangaluru on Sunday, Reddy said the procurement and operation of electric buses was much smoother during the UPA regime. 'At that time, electric buses cost around Rs 20 lakh. The central government provided 50% of the funding, while the state government and transport corporations each contributed 25%. This model worked efficiently for state-run services like BMTC, NWKRTC, and NEKRTC,' he said. Under the current NDA government, however, Reddy pointed out that subsidies are granted directly to private companies through a bidding process. 'These private operators own the buses, hire drivers, and manage maintenance, while state corporations only provide conductors and pay the operator on a per-kilometre basis,' he added. He urged the Centre to revert to a model where subsidies go directly to state transport corporations. 'This would ensure better accountability, especially when drivers are employed directly by the state,' he said. Reddy also highlighted the steep rise in electric bus costs—now around Rs 2 crore—and appealed to the Centre to offer GST input credits to manufacturers. 'This will bring down manufacturing costs, making buses more affordable for states and beneficial for passengers,' he said. He further recommended that operators be allowed to charge electric buses at any facility, not just at government-run charging stations. 'Private stations offer power at Rs 3–Rs 4 per unit, compared to Rs 8 at government facilities,' Reddy noted.
Hans India
30 minutes ago
- Hans India
Time taken for tax refunds in India cut from 3 months to 17 days in last 11 years
New Delhi: The average number of days it takes for taxpayers to get refunds from the Income Tax Department in India has come down drastically from 93 days in 2013 to a mere 17 days in 2024, reflecting the increased efficiency in the system on the back of rising digital infrastructure that enables faceless online disbursals. The introduction of pre-filled returns, automation in refund processing, real-time TDS adjustments and online grievance redress mechanisms has led to reduced delays by as much as 81 per cent and improved taxpayer experience, according to official figures. Data shared by the Principal Chief Controller of Accounts and the Central Board of Direct Taxes (CBDT) shows that between 2013-14 and 2024-25, refunds issued to taxpayers have surged by 474 per cent, rising from Rs 83,008 crore to Rs 4,76,743 crore. The proportion of refunds relative to gross tax collections has risen from 11.5 per cent in 2013-14 to 17.6 per cent in 2024-25. The taxpayer base has also expanded significantly, with income tax returns more than doubling from 3.8 crore in 2013 to 8.89 crore in 2024. The growth in gross direct tax collections during the same period has also surged by a staggering 274 per cent from Rs 7,21,604 crore to Rs 27,02,974 crore, indicating the rising income levels in a fast-growing economy. India's growth story continues to draw global attention, backed by strong fundamentals and consistent performance. Over the past decade, India's economic size has tripled from Rs 106.57 lakh crore to Rs 331.03 lakh crore in 2024-25, with the GDP growth at a robust 6.5 per cent for the year, according to official figures. The Reserve Bank of India expects this pace to continue into 2025-26. Other projections echo this optimism, with the United Nations forecasting growth of 6.3 per cent this year and 6.4 per cent next year, while the Confederation of Indian Industry places its estimate slightly higher at 6.4 to 6.7 per cent. This sustained performance is being driven by strong domestic demand. Rural consumption has picked up, city spending is rising, and private investment is on the upswing. At the same time, government investment remains high, especially in infrastructure, while stable borrowing conditions are helping firms and consumers make forward-looking decisions.
