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J&K: Srinagar hosts first-ever Formula-4 car racing event

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J&K: Srinagar hosts first-ever Formula-4 car racing event

Srinagar, March 17 (IANS) To promote tourism and encourage multi-career choices for the local youth, J&K’s Srinagar city witnessed its first-ever Formula-4 car racing event on Sunday.

The 1.7 km long Formula-4 car race was held from Lalit Ghat on the banks of the Dal Lake to Nehru Park in the city.

The race featured stunts by professional Formula-4 drivers. The event started at 10 am and concluded at 2 pm.

Scores of enthusiastic youth had turned up to witness the race. After the event, professional car race drivers interacted with the fans.

The professionals shared details of car sports with the youth who showed interest in an adventurous career like formula car racing.

Authorities had made elaborate arrangements for the event which included levelling of the racing surface and black-topping of potholes, installation of barricades, deployment of medical teams with ambulances, fire extinguishers and adequate security.

The event was additionally secured through drone surveillance.

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The racing event was a collaboration between Formula-4 and the Indian Racing League under the aegis of the Tourism Department.

The organisers said that the event is not just about speed and competition, but a celebration of resilience and unity.

Organisers said that in the last few years, Kashmir has gained popularity in the field of motorsports events. These Formula drivers will boost the morale of our youth to pursue their careers in Formula-4 sport.

–IANS

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Giriraj Singh says Budget will prove to be a milestone for Bihar

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Giriraj Singh says Budget will prove to be a milestone for Bihar

Giriraj Singh says Budget will prove to be a milestone for Bihar

New Delhi, July 23 (IANS) Giriraj Singh, the BJP MP from Bihar’s Begusarai, said on Tuesday that the Union Budget 2024-25 is built on four pillars — women, farmers, youth, and workers.

Be it the MSME sector, agriculture, or the economy, the Budget is focused on all segments, Singh told IANS after the Union Budget was presented in the Parliament by Finance Minister Nirmala Sitharaman on Tuesday.

“If we talk about Bihar, the NDA government has done a lot for the state’s development. In 2015, Narendra Modiji announced a package of Rs 1.25 lakh crore for the development of the state. This time again the Modi government has taken Bihar’s development to new heights. This Budget will prove to be a milestone for Bihar. This is what we call a ‘Super Budget’ that supports every sector,” the Union Minister of Textiles told IANS.

The Union Budget on Tuesday announced some big-ticket measures for Bihar with an outlay of Rs 26,000 crore for various projects, besides outlining plans for new airports and sports infrastructure in the state.

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The government will also provide Rs 11,500 crore to the state for flood mitigation.

–IANS

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Goa CM hails budget, says it will benefit the coastal state

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Goa CM hails budget, says it will benefit the coastal state

Goa CM hails budget, says it will benefit the coastal state

Panaji, July 23 (IANS) Goa Chief Minister Pramod Sawant on Tuesday hailed the Union budget presented in Parliament by Finance Minister Nirmala Sitharaman, saying it has given priority to employment, infrastructure and promotion of tourism, which would also help the coastal state.

“Prime Minister has decided to identify 63,000 tribal villages to develop them. Even villages from our state could be in the list. We will benefit from it. We have sought assistance for development projects and I am confident that we will get it from the Centre,” Sawant said while welcoming the budget.

He said that Goa will benefit from infrastructure development and other programs in the near future.

“I welcome the ‘Budget For Viksit Bharat’, that lays down the priorities, Productivity and Resilient Agriculture, Inclusive Human Resource Development and Skilling, Manufacturing & Services, Urban Development, Energy Security, Infrastructure, Innovation, Research & Development, Next Generation Reforms,” Sawant said.

“Our double engine government is working for four components, which are Kisan Kalyan, Garib Kalyan, Nari Shakti, and Yuva Shakti. These components are focused in this budget,” he stated.

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He added that the budget focuses on employment, skilling, MSME and the middle class under the Prime Minister’s Package of 5 Schemes and Initiatives for 4.1 crore youth over 5 years with an outlay of Rs.2 lakh crore.

“I am sure the budget will expedite the journey to reach the goals of Atmanirbhar, Viksit Bharat,” he said.

He said that the increase in the MUDRA loan limit, E-Commerce Export Hubs, Credit Guarantee Schemes for MSMEs and abolition of ‘Angel Tax’ will definitely propel the manufacturing sector towards ‘Atmanirbharta’, driving India’s economic growth and development.

“The budget sustains Prime Minister Narendra Modi’s focus on Infrastructure with an outlay of Rs. 11,11,111 crore amounting to 3.4% of GDP for building infrastructure, infra financing, irrigation projects,” he said.

–IANS

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No black mark on me, says JD(S) MLC Suraj Revanna after release in unnatural sex case

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No black mark on me, says JD(S) MLC Suraj Revanna after release in unnatural sex case

No black mark on me, says JD(S) MLC Suraj Revanna after release in unnatural sex case

Bengaluru, July 23 (IANS) Suraj Revanna, the grandson of former Prime Minister HD Deve Gowda and JD(S) MLC, was released from Central Prison in Bengaluru where he had been jailed on charges of alleged forceful unnatural sex.

Speaking to reporters after his release on Tuesday, Suraj Revanna stated that the truth cannot be hidden for long.

He emphasised that there was no black mark on him. “We will not run away from politics,” he declared.

“I want to convey two things at this stage. The person, who is being projected as my car driver and personal assistant, is not connected to me. One can cross-check this fact with the police. My car driver is Lokesh. There is no one else. Second, there is no black mark on Revanna (his father, JD(S) MLA, HD Revanna) or myself in Hassan District.

“Personal matters are being brought out, and a conspiracy is being hatched to target our family and take over the affairs in district politics,” he claimed.

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He added, “False and baseless allegations are being made. Conspiracies were hatched to finish off my family and me. Hence, the cases were lodged against me.”

“I will come before the media in two days and give clarifications on all matters concerning the case. We will not get scared and run away, and the politics in Hassan will continue in the same manner as it used to,” Suraj stated.

“Since the first day, I have responded positively to the investigations. I have full faith in the judiciary. I would prefer to say the cases against me are conspiracies, and I am hopeful of coming out clean,” he underlined.

When asked who was hatching a conspiracy, Suraj maintained that the media needs to wait a little longer and that he is going nowhere and will answer all the questions.

A special court on Monday granted conditional bail to Suraj.

The case is being investigated by the Criminal Investigation Department (CID).

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Suraj Revanna’s brother, Prajwal Revanna, has been jailed in connection with a sex video case.

Their father HD Revanna, was arrested in a kidnapping case linked to the sex videos and is out on conditional bail.

HD Revanna’s wife, Bhavani Revanna, has also secured bail in a case related to the kidnapping of one of the victims in the sex videos that went viral. Suraj Revanna was arrested on June 23.

–IANS

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Budget hikes defence allocation by 4.79 pc to Rs 6.22 lakh crore

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Budget hikes defence allocation by 4.79 pc to Rs 6.22 lakh crore

Budget hikes defence allocation by 4.79 pc to Rs 6.22 lakh crore

New Delhi, July 23 (IANS) The Union Budget 2024-25 has allocated Rs 6.22 lakh crore for the Ministry of Defence (MoD), the highest among all the ministries.

The allocation aims to promote ‘Aatmanirbharta’ in defence technology and manufacturing, and equip the armed forces with modern weapons/platforms along with the creation of job opportunities for the youth.

While maintaining the allocation made to the MoD during the interim Budget, the government has earmarked an additional outlay of Rs 400 crore in the Union Budget presented on Monday by Finance Minister Nirmala Sitharaman on innovation in defence through the Acing Development of Innovative Technologies with iDEX (ADITI) scheme.

The scheme enables the Defence Ministry to engage with startups/MSMEs and innovators to develop Def-Tech solutions and supply the Indian military with innovative and indigenous technological solutions.

A grant of up to 50 per cent of Product Development Budget with an enhanced limit (maximum) of Rs 25 crore per applicant will be awarded as per the extant iDEX guidelines.

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The allocation to the MoD for FY 2024-25 is higher by approximately Rs 1 lakh crore (18.43 per cent) over the allocation for FY 2022-23 and 4.79 per cent more than the allocation for FY 2023-24.

Out of this, a share of 27.66 per cent goes to capital; 14.82 per cent to revenue expenditure on sustenance and operational preparedness; 30.66 per cent for pay and allowances; 22.70 per cent to defence pensions, and 4.17 per cent to civil organisations under the MoD.

The total allocation works out to around 12.9 per cent of the Budgetary Estimates of the Union of India.

In absolute terms, Budgetary allocation under the capital head to the defence forces for FY 2024-25 is Rs 1.72 lakh crore, which is 20.33 per cent higher than the actual expenditure of FY 2022-23 and 9.40 per cent more than the Revised Allocation of FY 2023-24.

The allocation is aimed to fill the critical capability gaps through big-ticket acquisitions in current and subsequent financial years.

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The enhanced budgetary allocation will fulfil the requirement of the annual cash outgo on planned capital acquisitions aimed at equipping the armed forces with state-of-the-art niche technology, lethal weapons, fighter aircraft, ships, submarines, platforms, unmanned aerial vehicles, drones, specialist vehicles, etc., the Defence Ministry said.

The MoD has earmarked 75 per cent of modernisation Budget amounting to Rs 1.06 lakh crore for procurement through domestic industries during FY25. This will have a multiplier effect on GDP, employment generation, and capital formation, providing a stimulus to the economy.

The allocation to the Indian Coast Guard (ICG) for FY 2024-25 is Rs 7,651.80 crore, which is 6.31 per cent higher over the allocation for FY 2023-24. Out of this, Rs 3,500 crore is to be incurred only on capital expenditure.

Defence Minister Rajnath Singh termed the full-year Budget for FY 2024-25 as excellent, which will help move towards a prosperous and self-reliant ‘Viksit Bharat’.

In a post on X, Rajnath SIngh said that inspired by Prime Minister Narendra Modi’s vision of inclusive and fast-paced development, the Budget will accelerate the country’s economic transformation.

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It will go a long way in making India a $5 trillion economy by 2027, he added.

Rajnath Singh also exuded confidence that the capital outlay of Rs 1,72,000 crore will further strengthen the capabilities of the armed forces, as he hoped that the earmarking of Rs 1,05,518.43 crore for domestic capital procurement will provide further impetus to ‘Aatmanibharta’ in the defence sector.

–IANS

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Budget focus on job creation, education for youngsters: Punjab BJP chief

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Budget focus on job creation, education for youngsters: Punjab BJP chief

Budget focus on job creation, education for youngsters: Punjab BJP chief

Chandigarh, July 23 (IANS) Punjab BJP President Sunil Jakhar on Tuesday lauded the Budget, saying that it is an abiding promise towards achieving the inclusive vision of ‘Viksit Bharat’.

He said that the Budget focuses on job creation and education for youngsters, agriculture resilience and tax relaxations for salaried people which would lead to overall development and prosperity for everyone.

Jakhar also lauded Prime Minister Narendra Modi for his foresight, pragmatism and prudence, which is the hallmark of the record seventh Union Budget presented by Finance Minister Nirmala Sitharaman.

“Employment and skilling of our youngsters and infrastructure creation is amongst the core areas and the Union Budget 2024 details a set of specific actions to be undertaken to fulfil youth ambitions in a time-bound manner,” Jakhar added.

He said the benefits of tax relaxations to salaries would provide tangible benefits.

“Exemption of customs duties on three cancer medicines is another step which will provide respite for those affected,” Jakhar added.

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–IANS

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