Wednesday, July 8, 2009

highlights rajasthan budget 2009 2010

Salient features of rajasthan budget 2009 -2010

Annual plan of current financial year amounting to Rs.17322 crore,
as approved by the Planning Commission, is 23.55% higher than
the approved annual plan of Rs.14020 crore for the financial year
2008-09. This has further been increased to Rs.18635 crore in the
Modified rajasthan budget 2009 by the State Government, which ever highest
plan size and 33% higher than the approved plan of 2008-09.
The size of Modified rajasthan budget 2009 is Rs.49737 crore which is 14%
higher than the revised estimates of last year.
rajasthan budget 2009 surplus of Rs.39 crore is estimated in the Modified rajasthan budget 2009.
Total revenue receipts of Rs.38268 crore estimated in the Modified
rajasthan budget 2009 are 11.30% higher than the revised estimates of last year.
State’s own tax revenues of Rs.16742 crore is estimated in the
Modified rajasthan budget 2009 which is 10.62% higher than the revised
estimates of Rs.15134 crore in the last year.
State’s own tax revenue has been estimated to be 7.93% of the
GSDP in the Modified rajasthan budget 2009.
Interest payment has been estimated to be Rs.6754 crore in the
Modified rajasthan budget 2009, which is 17.65% of the total revenue receipts of
the State Government.
Revenue deficit and fiscal deficit are estimated to Rs.1409 crore
and Rs.8420 crore respectively, which is well with in the limits
fixed by the Government of India for availing benefit of debt
consolidation and debt waiver scheme. The increase in the deficits
is on account of slow down in the economy and additional financial
burden on the State due to implementation of the recommendation
of 6th Pay Commission.
It is important to mention that even after scarcity of financial
resources, economic development has been given priority in the
Modified rajasthan budget 2009 which is evident from the increase in capital
outlay by 14.67%. Capital outlay was estimated to be Rs.5986
crore in revised estimates 2008-09, which has been increased to
Rs.6864 crore in the Modified rajasthan budget 2009.
http://finance.rajasthan.gov.in - 3 -
Additional provision of Rs.573 crore has been made in the
Modified rajasthan budget 2009 on social services over and above the provision
made in the rajasthan budget 2009 Estimates of 2009-10. Education, Medical and
Health, Family Welfare, Urban Development and Water Supply
Schemes have been given focused attention.
Salient Features of rajasthan budget 2009 Announcements
Allocation increase for Roads, Power, Agriculture and Water
resources.
Medical facilities for BPL families and upgradation of hospitals.
Recruitments in Health, Education, Police, Rural Development.
Focus on rural poor and common man.
Free food grains for tribal areas.
3% of plan allocation to be spent on peoples centric IT projects.
More than 6000 IT enabled service centres in rural areas.
Secondary education coverage in all Panchayat Head Quarters.
Increase in mess allowance and scholarships of SC/ST students.
Separate minorities department and Constitution of Waqf
Development Council, Recruitment of Madarsa Teachers, Recognition
for Madarsa, Increase in pre-matric scholarship for minorities.
Veterinary University in Bikaner.
Engineering College in Banswara.
Jaipur to be developed as a World Class City.
1.25 lac Housing Units to be built in the next five years.
New Industrial Policy, Forest Policy, Water Policy and Mineral Policy.
Higher Education Reforms Commission, Council of Vocational
Education and Training.
Tourism Act.
Emphasis on Drinking Water Schemes, Health Schemes and
strengthening of Educational Infrastructure.
Thrust on Vocational Training and Employment.
Environment Policy, Massive Plantation Drives.

related tags : rajasthan budget,rajasthan budget 2009,rajasthan budget 2010,highlights of rajasthan budget

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mack said...

According to me Fringe Benefit Tax has been abolished so it will help all companies and the luxury bus operators who transported passengers either interstate or intra state will now be tax free.