States Update: March 9, 2022

By Neelima Jain
Posted on March 9, 2022

Big News: Six Indian states announce their budget for the financial year 2022-23; Gujarat amends its land-grabbing act; Kerala announces graded incentives for eco-friendly buildings; and more.

Industrial Policy & Business Regulations

Bihar announces its budget for the financial year (FY) 2022-23. The budget estimates the state’s total receipt and expenditure at $31.05 billion and $31.03 billion, respectively. Source: Business Standard; In detail: Budget Highlights2022-23

Gujarat announces its budget for FY 2022-23. The budget estimates the state’s total receipt and expenditure at $30.5 billion and $31.46 billion. Source: News 18; In detail: Budget in brief 2022-23

Karnataka announces its budget for FY 2022-23. The budget estimates the state’s total receipt and expenditure at $34.30 billion and $34.78 billion. Source: Economic Times; In detail: Budget Highlights

Telangana announces its budget for FY 2022-23. The budget estimates the state’s total receipt and expenditure at $33.63 billion and $33.63 billion. Source: Indian Express

Himachal Pradesh announces its budget for FY 2022-23. The budget estimates the state’s total receipt and expenditure at $4.76 billion and $6.02 billion. Source: Business Standard; In detail: Budget Speech

Jharkhand announces its budget for FY 2022-23. The budget estimates the state’s total receipt and expenditure at $10.8 billion and $10.04 billion. Source: ABP; In detail: Budget 2022-2023

West Bengal notifies guidelines on fares, surge pricing, and penalty on ad hoc canceling of cab rides by application-based cab services. Source: Indian Express

Land Acquisition & Labor Regulations

Gujarat Assembly amends its Gujarat Land Grabbing (Prohibition) Act, 2020. The amendment aims to protect the state’s tribal population from penal action under the land grabbing act. Source: Economic Times; In detail: Ordinance

Infrastructure & Governance

Nothing critical to report this week

Climate Change

Kerala issues its guidelines to rate eco-friendly buildings within the state. The guidelines offer multiple incentives for green buildings, including rebates in building tax, stamp duty, and property tax. Source: Economic Times