SME Times is powered by   
Search News
Just in:   • 'New Motor Vehicles Act to be tabled in winter session'  • Diesel at almost market price as under-recovery falls to 8 paise  • Reliance Capital gets Nippon Life as partner for bank venture  • Inward foreign investment USD 30 bn for 2014, cumulative over USD 200 bn  • Maruti Suzuki's August sales up 26.9 percent 
Last updated: 19 Feb, 2013  

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

akhilesh-yadav-up.jpg
   Top Stories
» Special team in PMO will fast-track Japanese investment: PM
» Sensex, Nifty hit record high
» South Korea looking to correct trade imbalance with India: Envoy
» Indian mergers & acquisitions market grew by 12 pc: Report
» 'Petrol price cuts a boost for less polluting cars'
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
60.70
59.70
UK Pound
104.40
102.10
Euro
82.40
80.45
Japanese Yen 60.05 58.55
As on 01 Sep, 2014
  Daily Poll
Will PM's 'Come and make in India' mantra spur economic growth?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(15)
» What SMEs can learn from big boys(8)
» Manufacturing matters(4)
» Why customer retention is important(3)
» '40,000 illegal houses to be regularised in Goa'(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter