CHANDIGARH: The Rs 1.32 lakh crore budget presented via Haryana finance minister, Captain Abhimanyu on Monday for 2019-20 does not come with any new tax proposal.
However, considering the upcoming elections, the Haryana finance minister announced monetary and social safety cover to these in farming, incentives to weavers or artisans and a special scheme to woo govt workers.
The state has equipped an outlay of Rs. 1,500 crore to provide monetary and social safety cover to families of cultivating farmers with land as much as five acres and for staff in unorganized sector with family source of revenue of lower than Rs 15,000 monthly, Abhimanyu said. In the case of farmers, the assistance would along with the central govt’s recently-announced “Pradhan Mantri Kisan Samman Nidhi” (PM-KISAN) scheme, he clarified.
The finance minister, then again, did not give any details and explain how and when the scheme can be carried out.
Quoting Kautilya whilst presenting the budget for a fifth time in a row, Captain Abhimanyu said: “A tax collector will have to gather taxes from a tax payer similar to a bee collects honey from a flower in knowledgeable way with out disturbing its petals.”
During 2018-19, as according to advance estimates, the gross state home product (GSDP) of Haryana is predicted to achieve eight.2% growth as in opposition to 7.2% recorded on the national stage, he said. The budget, with general measurement of Rs 1,32,165.99 crore, displays an increase of 14.73% over the budget estimates of Rs 1,15,198.29 crore during remaining fiscal.
Haryana continues to have the absolute best according to capita source of revenue among the key states of India, the budget said. At current costs, the according to capital source of revenue is predicted to be at Rs 2,51,575 in fiscal 2019-20, up from Rs 2,26,644 within the current fiscal. The state has registered a growth of 54% at current costs and 35% at constant costs from 2014-15 to 2018-19, the finance minister said.
The Khattar govt will provide a rebate in electrical energy tariff of Rs 2/ KW as much as a connected load of 10 kw in A and B blocks along with the rebate of Rs 2/ KW as much as a connected load of 20 KW already being equipped in C and D blocks to artisans and people interested in related actions.
‘State debt liability is inside 25% restrict’
The govt has additionally introduced a company wage package beneath which advantages similar to herbal demise cover of Rs 2 lakh, scientific facility of Rs 50,000 and accidental insurance coverage as much as Rs 30 lakh will probably be equipped to state govt workers. For this, the BJP govt has tied up with four banks.
The debt liability within the state budget has been proposed around Rs 1.79 lakh crore (including Ujjwal Discom Assurance Yojana — Uday) for 2019-20 in comparison to around Rs 1.5 lakh crore (including Uday) in 2018-19.
The BJP govt, then again, claimed that the state debt liability is throughout the 25% restrict prescribed via the finance commission.
In overall sectoral proportion, the finance minister allotted 26.12% of general budget to financial services and products including agriculture & allied, irrigation and rural electrification subsidy; 30.69% to social services and products, comprising education, social welfare, health and family welfare, public health engineering and others; normal services and products get 15.28% proportion, including administrative services and products, pension, and others and 27.91% has been allotted for reimbursement of debt.
In his nearly two-hour speech, Abhimanyu additionally announced allocation of Rs 100 crore for development of the Sutlej-Yamuna Link (SYL) canal to get the state’s proportion of the Ravi-Beas water. The state has made same provision in earlier budgets too.
However, considering the upcoming elections, the Haryana finance minister announced monetary and social safety cover to these in farming, incentives to weavers or artisans and a special scheme to woo govt workers.
The state has equipped an outlay of Rs. 1,500 crore to provide monetary and social safety cover to families of cultivating farmers with land as much as five acres and for staff in unorganized sector with family source of revenue of lower than Rs 15,000 monthly, Abhimanyu said. In the case of farmers, the assistance would along with the central govt’s recently-announced “Pradhan Mantri Kisan Samman Nidhi” (PM-KISAN) scheme, he clarified.
The finance minister, then again, did not give any details and explain how and when the scheme can be carried out.
Quoting Kautilya whilst presenting the budget for a fifth time in a row, Captain Abhimanyu said: “A tax collector will have to gather taxes from a tax payer similar to a bee collects honey from a flower in knowledgeable way with out disturbing its petals.”
During 2018-19, as according to advance estimates, the gross state home product (GSDP) of Haryana is predicted to achieve eight.2% growth as in opposition to 7.2% recorded on the national stage, he said. The budget, with general measurement of Rs 1,32,165.99 crore, displays an increase of 14.73% over the budget estimates of Rs 1,15,198.29 crore during remaining fiscal.
Haryana continues to have the absolute best according to capita source of revenue among the key states of India, the budget said. At current costs, the according to capital source of revenue is predicted to be at Rs 2,51,575 in fiscal 2019-20, up from Rs 2,26,644 within the current fiscal. The state has registered a growth of 54% at current costs and 35% at constant costs from 2014-15 to 2018-19, the finance minister said.
The Khattar govt will provide a rebate in electrical energy tariff of Rs 2/ KW as much as a connected load of 10 kw in A and B blocks along with the rebate of Rs 2/ KW as much as a connected load of 20 KW already being equipped in C and D blocks to artisans and people interested in related actions.
‘State debt liability is inside 25% restrict’
The govt has additionally introduced a company wage package beneath which advantages similar to herbal demise cover of Rs 2 lakh, scientific facility of Rs 50,000 and accidental insurance coverage as much as Rs 30 lakh will probably be equipped to state govt workers. For this, the BJP govt has tied up with four banks.
The debt liability within the state budget has been proposed around Rs 1.79 lakh crore (including Ujjwal Discom Assurance Yojana — Uday) for 2019-20 in comparison to around Rs 1.5 lakh crore (including Uday) in 2018-19.
The BJP govt, then again, claimed that the state debt liability is throughout the 25% restrict prescribed via the finance commission.
In overall sectoral proportion, the finance minister allotted 26.12% of general budget to financial services and products including agriculture & allied, irrigation and rural electrification subsidy; 30.69% to social services and products, comprising education, social welfare, health and family welfare, public health engineering and others; normal services and products get 15.28% proportion, including administrative services and products, pension, and others and 27.91% has been allotted for reimbursement of debt.
In his nearly two-hour speech, Abhimanyu additionally announced allocation of Rs 100 crore for development of the Sutlej-Yamuna Link (SYL) canal to get the state’s proportion of the Ravi-Beas water. The state has made same provision in earlier budgets too.
Haryana woos farmers with Rs 1,500 cr outlay in budget
![Haryana woos farmers with Rs 1,500 cr outlay in budget]()
Reviewed by Kailash
on
February 26, 2019
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