{"id":26866,"date":"2024-12-21T04:13:01","date_gmt":"2024-12-21T04:13:01","guid":{"rendered":"https:\/\/mavericknews30.com\/?p=26866"},"modified":"2024-12-21T04:15:05","modified_gmt":"2024-12-21T04:15:05","slug":"finance-ministers-speech-at-the-union-pre-budget-meeting","status":"publish","type":"post","link":"https:\/\/mavericknews30.com\/?p=26866","title":{"rendered":"Finance Minister\u2019s Speech at the Union Pre-Budget Meeting"},"content":{"rendered":"\n<p>Finance Minister\u2019s Speech in the Union Pre-Budget Meeting conducted by the Union Government<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Chennai Metro Rail Phase-2 Funding Request<\/strong>\n<ul class=\"wp-block-list\">\n<li>Expressed gratitude to the Union Government for approving the long-pending Chennai Metro Rail Phase-2 Project.<\/li>\n\n\n\n<li>Highlighted that the State Government has already spent \u20b926,490 crore over the past three years, creating a significant financial strain.<\/li>\n\n\n\n<li>Requested an allocation of \u20b910,000 crore in the current year and \u20b916,000 crore in the ensuing year to support the completion of the project, enabling the State to focus on other developmental priorities.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Approval for New Metro Projects<\/strong>\n<ul class=\"wp-block-list\">\n<li>Urged the Union Government to approve metro rail projects for Madurai and Coimbatore.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Unconditional Release of Funds for Schemes<\/strong>\n<ul class=\"wp-block-list\">\n<li>Requested the Union Government to refrain from imposing restrictive or extraneous conditions on the release of funds for various schemes.<\/li>\n\n\n\n<li>Cited the delay in releasing \u20b92,152 crore approved by the Project Approval Board (PAB) for Tamil Nadu\u2019s Annual Work Plan &amp; Budget under the Samagra Shiksha Abhiyaan.<\/li>\n\n\n\n<li>Emphasized the critical need for these funds to ensure teacher salaries, school functionality, and implementation of the RTE Act, which impacts 44 lakh students, 2.2 lakh teachers, and 21,276 staff.<\/li>\n\n\n\n<li>Urged immediate fund release without linking it to unrelated considerations.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Disaster Relief Funding<\/strong>\n<ul class=\"wp-block-list\">\n<li>Highlighted Tamil Nadu\u2019s recurring challenges from natural disasters, including Cyclone Fengal, which recently caused widespread damage across 14 districts.<\/li>\n\n\n\n<li>Explained that existing State Disaster Response Fund (SDRF) provisions are insufficient to address immediate relief and long-term restoration needs.<\/li>\n\n\n\n<li>Requested \u20b96,675 crore under the National Disaster Response Fund (NDRF) for recovery efforts following Cyclone Fengal.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Railway Project Requests<\/strong>\n<ul class=\"wp-block-list\">\n<li>Stressed the need for new railway lines to boost industrial development in Tamil Nadu.<\/li>\n\n\n\n<li>Proposed the following projects for inclusion in the upcoming Budget:\n<ul class=\"wp-block-list\">\n<li>4th line between Tambaram and Chengalpattu<\/li>\n\n\n\n<li>New line: Tiruppathur \u2013 Krishnagiri \u2013 Hosur<\/li>\n\n\n\n<li>New line: Madurai \u2013 Thoothukudi via Aruppukkottai (143.5 km)<\/li>\n\n\n\n<li>Minjur \u2013 Tiruvallur \u2013 Sriperumpudur \u2013 Oragadam \u2013 Singaperumalkoil \u2013 Maduranthagam<\/li>\n\n\n\n<li>Semi-high-speed corridor: Chennai \u2013 Salem \u2013 Coimbatore, with extensions to Salem \u2013 Hosur \u2013 Bengaluru and Coimbatore \u2013 Ernakulam<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>National Highway Projects<\/strong>\n<ul class=\"wp-block-list\">\n<li>Highlighted the urgent need for the construction of an elevated road between Tambaram and Chengalpattu (NH-32) and from Chengalpattu to Tindivanam.<\/li>\n\n\n\n<li>Explained that increased traffic on the Chennai\u2013Kanniyakumari Corridor, developed as a four-lane highway in 2005, has led to frequent accidents and fatalities.<\/li>\n\n\n\n<li>Urged the Union Government to prioritize and allocate funds for these projects in the upcoming Budget.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p><strong>Issued by:<\/strong> DIPR, Secretariat, Chennai \u2013 9<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister\u2019s Speech in the Union Pre-Budget Meeting conducted by the Union Government Issued by: DIPR, Secretariat, Chennai \u2013 9<\/p>\n","protected":false},"author":4,"featured_media":26870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[143],"post_format":[],"flags":[],"class_list":["post-26866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state","tag-state"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/posts\/26866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26866"}],"version-history":[{"count":2,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/posts\/26866\/revisions"}],"predecessor-version":[{"id":26871,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/posts\/26866\/revisions\/26871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/media\/26870"}],"wp:attachment":[{"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26866"},{"taxonomy":"post_format","embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fpost_format&post=26866"},{"taxonomy":"flags","embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fflags&post=26866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}