by admin | May 25, 2021 | Corporate, Corporate finance, Corporate Governance, Economy, Finance, News, Politics
Raipur : Chhattisgarh Chief Minister Bhupesh Baghel on Friday presented a Rs 91,542-crore budget for the financial year 2019-20 in the state Assembly, saying the budget is aimed at welfare of all.
Baghel also holds the Finance portfolio.
Presenting his government’s first budget, Baghel said: “I am presenting this budget with an intent of ‘welfare of all’ and want to assure that will use every penny collected from people’s hard-earned money through taxes for their welfare only.”
“As part of the paddy production promotion plan, the government proposes to allocate Rs 5,000 crore for purchasing the grain from farmers at a price of Rs 2,500 per quintal. The government had decided to waive short-term farm loans, whether it was taken from rural and cooperative banks, or commercial banks in the public sector. Rs 5,000 crore has been proposed for the purpose,” Baghel said.
“Under the ‘Mukhyamantri Khadyan Sahayata Yojana’ (foodgrain assistance scheme), the government has earmarked an amount of Rs 4,000 crore to provide 35 kg rice at subsidised price on every ration card,” he added
The budget also proposes to provide 50 per cent rebate to people on domestic use of electricity…it will come into effect from March 1. This will cost the exchequer an amount of Rs 400 crore,” Baghel added.
The first-time Chief Minister said: “With a fund of Rs 182 crore, an effort has been made to increase the ‘Legislators’ Fund’ to Rs 2 crore from the existing Rs 1 crore.”
An allocation of Rs 45.48 crore has been proposed in the budget for payment as Response Allowance to police officials — Constable to Inspector rank, he added.
Chief Minister also proposed to establish five new Food Parks to boost agricultural production in the state. Rs 50 crore has been earmarked in the budget for the purpose.
“Students from Scheduled Castes/Tribes, Other Backward Castes living in hostel and shelter homes will be entitled to get scholarship of Rs 1,000 every month at pre-matriculate level. Earlier the amount was Rs 900. Similarly, post-matriculate students of related categories will get Rs 700 per month as food allowance which was earlier Rs 500. The scheme will be implemented at a cost of Rs 27.57 crore,” he said.
Moreover, the mid-day meal kitchens will get Rs 1,500 instead of Rs 1,200 every month for their services. The budget has a Rs 26.59 crore provision for this.
The Chief Minister also said: “The compensation amount for the people affected by wild animals has been increased to Rs 6 lakh, which was earlier Rs 2 lakh.”
“For the all-round development of Giraudpuri and Bhandarpuri, an amount of Rs 5 crore is proposed to be allocated, while for the development of Damakheda, a separate amount of Rs 5 crore has been proposed,” the Chief Minister announced.
—IANS
by admin | May 25, 2021 | Finance, Markets, News, Online Marketing, Politics, Social Media, Technology
Himanta Biswa Sarma
Guwahati : The Assam Finance Department has decided to use social media platforms to inform and engage citizens on the state’s 2019-20 Budget, Finance Minister Himanta Biswa Sarma said in a statement on Monday.
Sarma said that social media is an effective tool to engage the public and acquire feedback for the upcoming Budget which will be presented at the Assam Legislative Assembly on Wednesday.
He said that the use of this dynamic medium, in addition to other traditional means, has been inspired by Prime Minister Narendra Modi’s slogan “Sabka Saath Sabka Vikas” and also “in keeping with our commitment to adhere to the principles of participatory governance”.
“The use of social media for seeking people’s participation and inputs in the Budget is also a first of its kind experiment in the country and has been very effective. We have reached out to more than 1.6 lakh people by posting 200 feeds on Twitter, Facebook and Instagram in 11 days with a combined Followers base of over 3,200,” he added.
The state government’s budget app called “Assam Budget”, available both on Android and iOS, is also a unique initiative towards a ‘Digital India’, according to the Minister.
“We are planning to continue to engage citizens as well as gather critical information using the social media platforms. Among others, one of the key objectives of our social media campaign outreach strategy has been to create a bonding with our vibrant pool of youngsters and many other tech-savvy people of Assam,” Sarma added.
—IANS
by admin | May 25, 2021 | World
Greek parliament
Athens : The Greek parliament have ratified the 2018 state budget as the government appeared confident that it will be the last one tabled while the country was under a bailout programme.
The budget was approved on Tuesday evening with the backing of the 153 deputies of the two-partite Left-led ruling coalition, while 144 MPs voted against, reports Xinhua news agency.
A total of 297 lawmakers participated in the roll-call vote.
It projects 2.5 per cent GDP (gross domestic product) growth next year up from 1.6 per cent for this year and a 3.8 per cent of GDP primary surplus for 2018 up from 2.4 per cent forecast for 2017.
Both estimates are higher than the targets set by the current three-year bailout programme which expires in 2018.
Addressing the plenary shortly before the roll call vote, Prime Minister Alexis Tsipras argued that the 2018 budget heralds the post-bailout era and Greece’s return to normalcy.
“The country will honour the commitments it has made towards its creditors and will achieve a stable and lasting access to the international markets at favourable rates,” he said.
The debt-ridden country has been shut out by international markets since 2010, when it resorted to the first bailout to avoid disorderly default.
—IANS
