Maharashtra Presented Rs 184 Crore Revenue-Surplus Budget 2013-14

Ajit Pawar presented the state budget of Maharashtra. He presented a 46,938 crore rupees budget that is 184.4 crore rupees revenue surplus budget.

Created On: Mar 22, 2013 11:39 ISTModified On: Mar 22, 2013 12:54 IST

State Budget of Maharashtra for the year 2013-14 was presented by the Deputy Chief Minister and Finance Minister of the state, Ajit Pawar on 20 March 2013 in the State Assembly.
• Ajit pawar presented the state budget for the third time and proposed it to be of 46,938 crore rupees that is 1938 crore rupees more than the 4500 crore rupees budget of the fiscal year 2012-13.

The presented budget was 184.4 crore rupees revenue surplus budget and the government also proposed to mobilize 1150 crore rupees through various tax proposals. The budget was presented with an expectation that the State’s Gross Domestic Product shall grow at a rate of 7.1 percent.

Highlights of the Maharashtra budget

• To provide agricultural loan at subsidized rate allocation made: 346.75 crore rupees
• Allocation made for Agricultural Development Program: 51.04 crore rupees
• Projects for improvement in water sector were allotted: 400 crore rupees
• Water Supply Management was allotted: 850 crore rupees
• Fund allocation for responding to the National Calamities: 1050 crore rupees
• Subsidy for Industrial promotion: 2500 crore rupees
• Subsidy for supply of electricity in the power looms: 939 crore rupees
• For health institute construction budget allocation made: 477.98 crore rupees
• Allocation proposed for National Rural Health MissionL 500 crore rupees
• Proposal for allocation in Sarva Sikhsa Abhiyan: 711.50 crore rupees
• Allocation for Road Development 2716.67 crore rupees
• Proposed allocation in the sector of women and child development: 1264.76 crore rupees
• For rural development and tourism, allocation proposed: 650 crore rupees
• States Debt: 270000 crore rupees

Tax Proposal: Highlights

• Tax on Gold, Silver and jewelries was increased by 0.10 percent to 1.10 percent from previous years tax of 1 percent
• To raise funds for the drought hit districts of the state, the tax on sugarcane purchase went up to 5 percent from 3 percent
• Tax on cigarette was increased from 20 percent to 25 percent and on bidi it was raised from 5 percent to 12.5 percent
• The excise duty on liquor was increased. The duty on different types of liquor was also changed and they are
a) Country liquor per liter shall go up from 95 rupees to 110 rupees
b) Indian made foreign liquor (IMFL) per liter was increased from 240 rupees to 300 rupees and the export fee of the IMFL with maximum retail price less than 500 rupees would be will also be increased and the fee will be increased to 3 rupees per bulk liter from previous 1 rupees per bulk liter. The export fee was also raised to 10 rupees from 5 rupees
c) For fragmented strong beer, the duty imposed will be 60 rupees per bulk litre from 42 rupees or 200 per cent of the manufacturing cost from 175 percent, whichever will be higher
• The flat owners of Maharashtra, who have paid the stamp duty of the apartments but the registration of the apartment are yet pending then they will be liable to pay the stamp duty as per the market rate

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