Sub-urban rail Project – Bengaluru

Sub-urban rail Project – Bengaluru

Sub-urban rail gets Rs.6700 crore push from government during Lok Sabha 2019 poll year.

The Central government of India has announced biggest concession towards the coalition led government in Karnataka.  Land worth Rs. 6700 crore was given virtually free for the suburban rail project.

The Rail minister announced that the project will be ready within six years from the date of commissioning.

More than 9 lakh people are estimated to use the sub-urban rail in the city by 2025 every day. The study was conducted by the Rail India Technical and Economic service.

Sub-urban rail project at Bengluru :

Commuter rail also called suburban rail is a passenger rail transport service that primarily operates between a city centre and middle to outer suburbs. 

This may be beyond 15 km (10 miles) and commuter towns or other locations that draw large numbers of commuters—people who travel on a daily basis.

In a joint press conference alongside Chief Minister Kumaraswamy, Piyush Goyal said the long awaited sub-urban rail network which connects 82 stations spread over 160 km costing Rs.23,000 crore will be completed in six years.

Sub-urban rail – Piyush chawla:

Indian Railway minister Piyush Chawla announced this surprise after he had a meeting with Chief Minister H.D. Kumaraswamy.

Previously the Railway Board had rejected the State Governments condition that the railway land be given to the state on lease at a cost  of Re.1  per acre for sub-urban rail project. 

The state officials had said that the railway officials had agreed for the land lease previously at a nominal rate of Re.1/- per acre.

The Railway Minister’s gesture will give a positive image to the BJP party after the audio-gate scandal in the State.    The Railway Ministry is sharing half of the cost of sub-urban rail project and also providing land free of cost. 

Areas covered by Sub-urban rail :

The 160 km of rail tracks will primarily cover four corridors :

  1.  Kengeri – Benglauru cantonment – Whitefiled route
  2. Bengaluru City – Yelahanka – Rajankunti
  3. Nelamangala – Mathikere – Biyyappanahalli
  4. Heelalige – Yelahanka – Devanahalli near the airport.

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Central budget – 2019-2020

Central budget – 2019-2020

The Central budget for the Fiscal year 2019-2020 was presented by the Interim Finance Minister Mr.Piyush Goyal today. 

The highlights of the Central Budget 2019-2020 are :

Central Budget 2019-2020 – Benefits to Tax Payers and Business:

Full tax rebate upto Rs.5 lakh

If the Gross income is Rs.6.5 lakh then there is no tax if invested in Provident Fund and Equities

Standard tax deduction of salaried persons raise from Rs. 40,000/- to Rs.50,000/-

TDS threshold – Rental income raised from Rs.1.8 lakh to Rs. 2.4 lakh

Roll over of capital tax gains – Investment in 2 residential properties/houses instead of one

Benefits U/S 80(i)BA – housing projects approved till 2019-20

Business with less than Rs.5 crore Annual turnover – 90% GST payers are allowed to return quarterly returns

2% interest subvention on loan of Rs.1 crore for GST registered MSME units.

Central Budget 2019-2020 Benefits to Farm Sector :

Income support scheme to be given in 3 equal instalments

 Income support for farmers holding less than 2 ha land

 Kisaan scheme to transfer Rs. 6,000 rupees/yr to small farmers

 To create PM Kissan Fund for small, medium farmers

 Increased allocation for Gokul scheme to 7.5 bln rupees

 1st installment of 2,000 rupees to be given to farmers soon

 Income support scheme to cost 750 bln rupees per year

 Farm income scheme to be effective from Dec 1, 2018

 120 million small farmers to benefit from income support scheme

 Farm income scheme to be fully funded by central govt

 To set up Rashtriya Kamdhenu Aayog

 To start drive to bring all farmers under Kisan credit plan

 2% interest subvention for animal husbandry, fisheries

impact of central budget 2019-2020 on SOCIAL SECTOR and EDUCATION :

Ayushman Bharat to provide facilities to 500 million people

To set up 22nd AIIMS in Haryana

5 billion rupee allocation for new “mega” pension plan

 Half of GDP is from 420 mln workers in informal sector

 Aim 80 million LPG connections under Ujjwala plan by next yr

 To allot more funds for new “mega” pension plan, if needed

 To give 3,000 rupees/month under new PM pension plan

 New pension plan for workers earning below 15,000 rupees/month.