SME Times is powered by   
Search News
Just in:   • Huge quake rocks Nepal, tremors shake north India  • Infosys aims to become $20 bn co by 2020  • Siemens India's pre-tax profit increases  • TRS chief vows to achieve 'golden Telangana'  • 'Digital technologies empower individuals' 
Last updated: 27 Sep, 2014  

uttar-pradeshTHMB.jpg UP gets biggest ever budget of Rs. 2.21 lakh cr

akhilesh-yadav-up.jpg
   Top Stories
» '2017-18 fiscal deficit target of 3 pc a challenge'
» Uniform rule for all players key to net neutrality: India Inc
» FM holds meet to recast new tax return forms
» Foreign exchange reserves at record high of $343 bn
» RBI modifies priority sector lending norms
SME Times News Bureau | 19 Feb, 2013
Amid a walkout by the main opposition Bahujan Samaj Party (BSP), Uttar Pradesh Chief Minister Akhilesh Yadav Tuesday presented a Rs.2.21 lakh crore budget, the biggest in the history of the state.

He announced budgetary allocations for setting up a metro rail in the state capital and Rs.750 crore for a loan waiver for farmers.

The budget, the second to be tabled by the chief minister who also holds the finance portfolio, is 19.4 percent more than last year's budget. It levies no major taxes and is being seen as a populist one. The chief minister also announced that people with an annual income less than Rs.36,000 will be given free houses. Besides, girls would get free education in degree colleges, both government and government-aided.

The budget has an estimated 2.94 percent deficit in the financial year 2013-14.

The chief minister has allocated Rs.32,886 crore for education, Rs.20,292 crore for social welfare schemes, Rs.10,654 crore for health, Rs.26,141 crore for sprucing infrastructure and value-addition on roads, bridges, expressways, flyovers and Rs.17,774 crore for agriculture. It earmarks Rs.1,200 crore for unemployment allowance and Rs.100 crore for the development of Poorvanchal.

BSP general secretary and leader of opposition Swami Prasad Maurya accused the Samajwadi Party (SP) government of trying to fool the people through the new budget.

"What is the purpose of presenting the new budget when more than 75 percent of last year's budget remains unspent," he told reporters outside the assembly.

Justifying the walkout by his party, which many felt was not in sync with parliamentary traditions, Maurya said his party cannot be "party to the loot" by the Akhilesh Yadav government.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
63.00
62.00
UK Pound
94.20
92.10
Euro
68.20
66.50
Japanese Yen 52.55 51.35
As on 26 Apr, 2015
  Daily Poll
Do you agree that Jaitley's Union Budget 2015-16 has neglected the SME sector?
 Yes
 No
 Partially Agreed
  Commented Stories
» Starting an import export business: Basic guide for beginners(8)
» Exports must for economic growth(4)
» MUDRA Bank: 5.77 cr SMEs to be provided easy finance(3)
» Govt. approves subsidy for 2,221 cold storages(3)
» MSME schemes - Do you know all of them?(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter