SALIENT FEATURES- BUDGET-2001-02

Full Text of Budget 2000

HIGHLIGHTS

Salient Features of the Budget 2001-02

• IN ORDER TO OPEN NEW AVENUES OF SELF EMPLOYMENT AND MOP UP SURPLUS LABOUR: INTRODUCTION OF SELF EMPLOYMENT SCHEMES – CHIEF MINISTER’S ROZGAR YOJANA, DEEN DAYAL ROZGAR YOJANA. TRAINING CUM ABSORPTION SCHEME FOR GOVERNMENT EMPLOYMENT WITHOUT INCREASING THE FINANCIAL BURDEN OR STAFF STRENGTH IN GOVERNMENT.

• DRASTIC REDUCTION IN SALES TAX AND LUXURY TAX FOR HOTEL INDUSTRY

• SUBSTANTIAL INCREASE IN SPENDING ON EDUCATION. ADDITIONAL OUTLAY OF RS 45 CRORE INCLUDING SOFT LOAN OF RS 30 CRORE TO AIDED SCHOOLS. EXTENSIVE PACKAGE FOR COMPUTERISATION IN SCHOOLS. MORE FACILITIES TO LESS DEVELOPED TALUKAS.

• TALUKAS OF PERNEM, BICHOLIM, SATTARI, QUEPEM, SANGUEM AND CANACONA DECLARED AS LESS DEVELOPED TALUKAS (LDT) FOR PURPOSE OF EDUCATIONAL INFRASTRUCTURE SUPPORT.

• INCREASE IN OUTLAY OF TOURISM BY RS 8 CRORE. 1CRORE SHARE CAPITAL TO GOA TOURISM DEVELOPMENT CORPORATION.

• INFRASTRUCTURE PROJECTS OF RS 500 CRORE TO BE TAKEN UP THROUGH GOA STATE INFRASTRUCTURE DEVELOPMENT CORPORATION. RS 26 CRORE PROVIDED AS CORPUS.

• THRUST ON INFORMATION TECHNOLOGY AND E-GOVERNANCE TO MAKE GOA AN INTELLIGENT STATE AND GENERATE EMPLOYMENT. RS 5 CRORE PROVIDED IN BUDGET.

• TOLL ON ENTRY AND EXIT OF VEHICLES IN AND OUT OF THE STATE TO FINANCE INFRASTRUCTURE PROJECTS. RS 10 CRORE EXPECTED AS RECEIPTS.

• INCENTIVES TO INDUSTRIAL SECTORS: SUBSIDIES PENDING TO INDUSTRIAL UNITS TO BE CLEARED. NEW SUBSIDIES TO BE GIVEN TO INDUSTRIES IN BACKWARD AND LESS DEVELOPED TALUKAS. RS 5 CRORE SHARE CAPITAL TO BE GIVE TO ECONOMIC DEVELOPMENT CORPORATION. MAXIMUM INTEREST ON LOANS FROM EDC TO BE CAPPED

• RS 1 CRORE SUBSIDY FOR TOWARDS INCREASING THE PURCHASE PRICE OF SUGARCANE BY RS 100 AND DECREASE THE BURDEN FOR PROCUREMENT OF CANE. TAXES REDUCTION ON AGRICULTURAL MACHINERIES TO 1%.

• DRASTIC REDUCTION IN INTEREST RATES ON HOUSE BUILDING LOANS TO GOVERNMENT EMPLOYEES. POLICE HOUSING INFRASTRUCTURE TO BE IMPROVED.

• INTRODUCTION OF PENSION FUND FOR JOURNALISTS

• INTRODUCTION OF DISASTER MANAGEMENT FUND. RS 1 CRORE PROVIDIED.

• USE OF PLASTICS TO BE MADE COSTLIER. INRODUCTION OF USE OF NON CONVENTIONAL SOURCES OF ENERGY

• PHASING OUT OF OLD PUBLIC TRANSPORT VEHICLES THROUGH SUBSIDIES OF UPTO RS 1.5 LAKHS PER VEHICLE. RS 1 CRORE PROVIDED.

• SOCIAL SECURITY SCHEME FOR CONTRACT LABOUR AND PENSION FUND FOR TODDY TAPPERS. INTRODUCTION OF SMART CARDS.
• REVAMPING OF WIDOW PENSION SCHEME AND DAYANAND NIRADHAR YOJANA. AMOUNT UNDER DNY TO NE INCREASED TO RS 250 FROM 1/10/2001.

• WAIVER OF INTEREST ON GOVERNMENT LOANS TAKEN BY SC/ST/OBCs UPTO LOANS OF RS 15000 AND 30000 FOR WIDOWS.

• SUBSIDISED DIESEL AND SPARE PARTS FOR FISHERMEN

• INLAND WATERWAYS TO BE PARTIALLY PRIVATISED

• MODERNISATION OF POLICE FORCE

• SETTING UP OF 4OOKV/630MVA SUBSTATION AT COLVALE AND LAYING OF 400KV LINE FROM KOLHAPUR TO COLVALE. 100% ELECTRONIC METERING. POWER BANKING SCHEME INTRODUCED.

• ADDITIONAL GRANTS FOR PANCHAYATS AND MUNICIPALITIES FOR GARBAGE CLEANING, SETTING UP OF VEGETABLE/FISH MARKET, DESILTATION OF NLLAHS, ETC.

• RS 2 CRORE PROVIDED FOR UPGRADATION OF HERITAGE MONUMENTS LIKE JAIN TEMPLE, ADIL SHAHI TANK, CABO DE RAMA FORT, MOTHER GODDESS MHALSA AT VERNA.

• RS 4 CRORE TO BE PROVIDED TO KTC AS SUBSIDY – AMOUNT ENHANCED BY RS 1 CRORE. RS 15 CRORE TO BE PROVIDED AS SOFT LOAN. RS 50 LAKH OUTLAY FOR MAINTENANCE OF ROAD SAFETY.

• OUTLAY OF RS 68 CRORE FOR TILLARI IRRIGATION CORPORATION. SCHEME OF REGISTRATION OF UNEMPLOYED ENGINEERS FOR CONTRACTS BY WATER RESOURCES DEPARTMENT. WATERSHED DEVELOPMENT PROJECT WITH INVOLVEMENT OF LOCAL BENEFICIARIES AND NGOs.

• IMPROVEMENT OF BAL NIKETAN AND SANJAY SCHOOL

• STRICT MONITORING OF SALES TAX AND EXCISE REVENUES

• GRANTING OF LICENSES FOR LIQUOR OUTLETS MADE STRINGENT

• ADDITIONAL COURTS AND ADMINSTRATIVE TRIBUNALS TO BE SET UP FOR SPEEDY DISPOSAL OF CASES

• INTRODUCTION OF USER CHARGES FOR SERVICES PROVIDED BY GOVERNMENT

• EXPENDITURE ON ADMINISTRATION TO BE REDUCED – POSTS TO BE ABOLISHED

• SETTING UP OF GUARANTEE REDEMPTION FUND FOR DEBT MANAGEMENT

• REDUCED DEPENDENCE ON BORROWINGS FROM 36% TO 30%. EXPENSES ON SALARIES, GRANTS, ETC. REDUCED TO 47% FROM 52%.

• TAX AND NON TAX RECEIPTS TO GO UP FROM 52% TO 58%.

 

HIGHLIGHTS OF BUDGET 2001-02 -FIGURES

(RS. CRORE)

ITEMS	2000-01 (BE)	2000-01 (RE)	2001-02 (BE)
REVENUE DEFICIT	159.87	207.18	141.57
FISCAL DEFICIT	380.18	495.72	440.79
OVERALL DEFICIT	11.69	20.26	8.78
PLAN SIZE	333.14	442.15	467.70
TAX REVENUE	526.94	538.23	619.10
NON TAX REVENUE(NET)	125.40	146.71	218.84
SHARE IN CENTRALTAXES	98.44	105.34	110.32
GRANTS FROM CENTRE	43.31	68.45	56.80
INTEREST PAYMENT	221.22	212.88	262.05
REPAYMENT OF DEBT	50.56	51.15	61.03
SALARIES	354.16	361.25	373.00

 

 

Your Comments Please