Punjab Govt borrowings hit a new high; over Rs 11,000 crore in six months

The Aam Aadmi Party-led has borrowed an amount of Rs 11,464 crore in the first six months of its rule. This is nearly 48 per cent of its targeted borrowings for the ongoing fiscal.

Of the total amount borrowed, nearly 68 per cent (Rs 7,803.51 crore) has been spent only on the payment of interest for the states cumulative debt of Rs 2.84 lakh crore. It is significant as it shows the trend that will prevail this year, with a majority of borrowings being done to repay the loans. Last year, the state had borrowed Rs 9,779.76 crore in the same period.

The fiscal indicators for the period between April and September, released by the Comptroller and Auditor General today, reveal that the Revenue Receipts or income in the six months is just 41.81 per cent (Rs 39,881.21 crore) of the target for this financial year. On the other hand, the Revenue Expenditure is 45 per cent (Rs 48,584.53 crore) of the targeted expenditure this year.

Compared to the first six months last year, when the previous Congress government was in power, the revenue receipts have shown a significant improvement, but the expenditure, too, is significantly higher than during the corresponding period last year. Between April and September 2021, the then state government had earned Rs 32,332.36 crore and spent Rs 38,032.31 crore. As a result, the Revenue Deficit, so far, this year is much higher at Rs 8,703.32 crore as compared to Rs 5,699.95 crore in 2021.

Innovation Mission Punjab invites entries for startup idea hunt

Innovation Mission Punjab, a public-private PARTNERSHIP programme to promote the spirit of , has invited actionable business ideas for Roar- Punjabs Biggest Idea Hunt by November 15.

The Mission has partnered with many renowned institutions in Punjab, including the Thapar Institute of Engineering and Technology (TIET), Indian School of Business (ISB), Indian Institute of Science Education and Research (IISER), Punjab Agricultural University, and Centre for Innovation and Business Design.

The idea hunt will serve as an opportunity for the participants to interact with successful startups and Industry leaders and gain mentorship from global experts. Winners of this open ended contest will be entitled to cash Awards, including a cash prize of Rs 1 lakh each for the top three winners in the idea stage, cash prizes of Rs 1 lakh each for the best Women-led and social impact ideas and a cash award of Rs 2 lakh for each of the top three winners in the early stage startup category.

All winners will be provided free co-working space for three months at the new office and accelerator coming up at Kalkat Bhawan as a major incentive. The best early stage startups will get a jump-start to the final screening round for the Accelerator Program and the best startup ideas can also directly compete for the Pre-Accelerator Program. The Accelerator and Pre-Accelerator programs will serve as platforms to support early stage and idea stage entrepreneurs, respectively.

Punjab Cabinet approves creation of Malerkotla as 23rd district

The Punjab Cabinet gave formal approval to the creation of Malerkotla as the states 23rd district.

Chief Minister Amarinder Singh had announced the creation of a new district of Malerkotla, carving the states Muslim-majority town from Sangrur district.

The cabinet also gave its go-ahead for upgrading Amargarh, which was part of the Malerkotla sub-division, as sub-division or tehsil.

Malerkotla district would now consist of three sub-divisionsMalerkotla, Ahmedgarh and Amargarh.

A total of 192 villages will be included in Malerkotla district.

The cabinet authorised the chief minister to approve the creation of new posts for offices of 12 departments which include Police, rural development and panchayats, social and minorities, Agriculture-notes-for-state-psc-exams”>Agriculture and farmer welfare, social security and Women and child development, Health, Education (primary and secondary).

M-Gram seva pilot project increases accountability and transparency in public finance management: Jimpa

Punjab Government is planning to launch M-Gram seva app across the state for all villages as the impact of the pilot project in Anandpur Sahib has been transformative, improving the lives of citizens and making a positive difference in the community, Water supply and sanitation minister Bram Shanker Jimpa said on Sunday.

M-Gram seva mobile app was launched in December 2021 to digitize revenue and expenditure details at the Gram Panchayat level, empowering frontline leaders and increasing accountability and transparency in the management of funds for water supply-related Services. The pilot project covered 73 Gram Panchayat Water Supply Committee (GPWSCs) schemes and 85 villages in Sri Anandpur Sahib Division. This app is available on Android and iOS platforms, features multiple language , easy digital bookkeeping, online and cash payment options, SMS alerts, and a system for rating the quality of water services.

Jimpa added that the implementation of the M-Gram seva app has led to several improvements in the revenue collection and monitoring system. Before the app’s implementation, only 20 out of 73 GPWSCs were maintaining their records manually, but now all records are maintained digitally on the app. Consumers are now able to make payments online through various options, and all reports, including those on bill generation and payment, are sent via SMS and made available on WhatsApp.

Punjab Cabinet nod to amend coop audit service rules

Keeping in view the larger interest of employees and the administrative need of the Cooperation Department to ensure efficiency in its functioning, the Punjab Cabinet today approved amendment to the Punjab Cooperative Audit (Group-B) Service Rules, 2016.

The decision was taken at a Cabinet meeting chaired by CM Charanjit Singh Channi.

The amendment to the provisions due to the restructuring of the department would provide for direct/promotional avenues to the posts of audit officer, superintendent grade 2, senior auditor, inspector audit and senior assistant. After the approval of the officer committee, the restructuring of the department was approved during a Cabinet meeting on December 30, 2020, in which the posts of inspector were reduced from 774 to 654, while those of senior auditor were increased from 32 to 107.

Vehicles crossing the airport road daily have shot up from 1,000 to 20,000 in five years, according to a study by theministry of road, transport and highways highlighting the congestion on one of the busiest stretches in the district.

The ministry report has said a survey was conducted through a company to study the volume of traffic on major roads in each state at peak hours. The time from 9 am to 11 am and from 4 pm to 7 pm was chosen for the airport road, the hours when the traffic movement was found to be the highest.

Another reason for more vehicles plying on the road, according to the report, was that inter-state traffic heading towardsHimachal Pradesh, Jammu and Kashmir, Leh, Ladakh and interiors of Punjab has also started taking the stretch by taking a diversion from Singhpura in Zirakpur.

Punjab Govt committed to procuring every grain of paddy: Food Minister

The Minister of Food, Civil Supplies and Consumer Affairs, Lal Chand Kataruchak, visited the grain market in Bathinda today and said the Punjab Government was committed to purchase each and every grain of paddy.

The minister said payment of around Rs 15,000 crore had been deposited in the accounts of the farmers of the state. Kataruchak also interacted with farmers who had brought their crops to Dana Mandi.

He said the was also ensuring that necessary arrangements were made for farmers as well as all persons involved in the procurement process, including sheller owners, artisans, laborers, transporters, etc.

He appealed to farmers to harvest only ripe paddy crop so that the moisture Percentage in the produce was not high and procurement agencies could buy it without any delay.

Punjab CM’s nod to terminate Power Purchase Agreement with GVK Goindwal Sahib

unjab chief ministerCharanjit Singh Channion Saturday approved the PSPCLs proposal to terminate GVK Goindwal Sahib (2×270 MW)Power Purchase Agreement. Subsequently, thePunjab State Power Corporation Limited(Pspcl) has issued termination notice to the company.

Meanwhile, a preliminary default notice has been served by PSPCL to GVK on Saturday for cancellation of PPA due to high power cost and falling lowest in the merit order, procurement of energy from GVK that had been restricted only within the range of 25% to 30% during most of the times of a year resulting in higher tariff of about Rs 7.52 per unit for last year.
Channi said that this step had been taken to safeguard the interest of consumers of the state by way of reducing the burden of costly power.

Punjab pins hope on rationalisation to improve health services

Facing resource constraints,Punjabgovernment is trying toimprove Health servicesby optimising use of available Resources through rationalisation. Lack of resources has become a major stumbling block for theAam Aadmi Party(AAP) government in fulfilling one of its key promises of improving health Services.
To overcome this challenge and increase efficiency, plans are being made to synchronise health resources available with the health and rural development and panchayats department.

By doing this, the government aims at overcoming shortage of doctors in the health department and lack of facilities in rural healthcare centres. To enhance the reach of health services, the government plans to open 600 primary health centres, which currently number around 400. Of these, 105 centres dont have doctors. As many as 560 doctors work in rural dispensaries which are functioning even without basic medicines for pain, cold, fever and allergy.

Punjab to waive pending electricity bills of defaulters having connections up to 2 KW

The Punjab cabinet on Wednesday decided to waive pending electricity bills of all defaulters having connection up to 2 KW.

This will cover 80 per cent electricity consumers in Punjab. Such consumers whose connections have been disconnected would benefit from it.

This will put approximately Rs 1,200 crore burden on the state exchequer and will benefit consumers in rural and urban areas. Committees at tehsil level will be formed to handle such cases and verify the beneficiaries. The policy will apply only to the previous electricity bills that are pending.