Budget 2024: All eyes are now on the Finance Minister. From IT changes to corporate tax tweak, here are key things | Mint

Budget 2024: All eyes are now on the Finance Minister. From IT changes to corporate tax tweak, here are key things | Mint

Finance Minister Nirmala Sitharaman will unveil the Union Budget for the financial year 2024-25 at 11 a.m. on Tuesday. This critical document will outline the government’s revenue and expenditure plans, influencing economic growth and stability across the nation. Understanding the budget’s implications for individuals and businesses alike is essential for informed financial decision-making.Also Read | … Read more

MSP, loan waiver and crop insurance, crucial issues for farmers

MSP, loan waiver and crop insurance, crucial issues for farmers

The Bharatiya Janata Party-led National Democratic Alliance faced huge setbacks in the Lok Sabha elections in the agrarian belts of the country. The BJP lost in at least 38 seats in five States where the farmers’ movement against the policies of the Narendra Modi government was strong. This government is a continuation of the first … Read more

Two more desalination plants under consideration

Two more desalination plants under consideration

Fact: Construction of two new desalination plants in Limassol and Famagusta is under review due to prevailing drought conditions and water shortage fears.

Irrigation water reduced by 33% due to drought

Irrigation water reduced by 33% due to drought

The Water Development Department has reduced irrigation water by 33% compared to last year due to drought and poor water conditions. The remaining water is allocated for irrigation, with the drinking water sector fully satisfied at 100%. Farmers were informed in advance about the reduced quantities and must plan accordingly. Dam capacity is at 42.1%, and if conditions remain the same, there may be a problem with water supply next summer. The Department is promoting efficient water use in agriculture with practical tips for irrigation during drought conditions.

Cambodia says it will cut shipping through Vietnam by 70% with new China-funded Mekong canal

Cambodia says it will cut shipping through Vietnam by 70% with new China-funded Mekong canal

Cambodia plans to cut shipping through Vietnamese ports by 70% due to a .7 billion China-funded upgrade of a canal connecting the Mekong River basin to the Cambodian coast.

Four myths about vertical farming debunked

Four myths about vertical farming debunked

Fact: Vertical farming is expected to reach a global market value of US.23 billion (£18.55 billion) by 2029.

Fire Service responded to 43 incidents in the last 24 hours

Fire Service responded to 43 incidents in the last 24 hours

The Fire Service responded to 43 incidents in the past 24 hours, including 25 fires. The most significant fire occurred near the villages of Akaki and Deneia in the Nicosia district, affecting an area of one square kilometre and damaging dry grass, wild vegetation, eucalyptus trees, electricity poles, and irrigation hoses.

Ninety-three new projects to beat water shortage

Ninety-three new projects to beat water shortage

A new desalination unit is being built in Moni in Limassol.

New projects in the pipeline to cover 100% of drinking water needs

New projects in the pipeline to cover 100% of drinking water needs

A new desalination plant in Moni, Limassol with a cost of €80 million is being planned as part of the National Investment Plan for Water Projects. The plan includes a total of 93 water projects with a budget of €1.17 billion, aimed at ensuring water sufficiency and the use of reclaimed water. Priority projects, with an estimated value of €721.8 million, are currently under construction and are set to be completed between 2024 and 2029. Additional projects worth €445.5 million are under evaluation, focusing on enhancing water security in urban areas and communities across Cyprus.