The Aam Aadmi Party government on Monday presented a “tax-free” budget and rationalised the VAT structure which may reduce the cost of products such as readymade garments, shoes, watches and electric and hybrid vehicles in the national capital.
Highlights of Delhi budget
#Total budget for 2016-17: Rs 47,600 cr, planned Rs 20,600 cr, non-planned Rs 20,000 cr
# Rs 10,690 crore earmarked for education, a rise of 8.68 per cent over last year. Of this, Rs 4,645 crore is for plan expenditure (23 per cent), highest among all the heads.
# Budget for teachers’ training programmes sees 11 times rise. Up from Rs 9.4 cr to Rs 102 cr.
# Rs 1,735 crore being allocated to transport sector
# Rs 10 crore has been alloted for the construction of Aam Aadmi Canteens
# Budget allocation for CCTV in all govt school classrooms is Rs 100 crore.
# Rs 6,919 crore provided to the three civic bodies
# Rs 350 crore allocation in 2016-17 for the Citizen Local Area Development (CLAD) scheme.
# Proposes for VAT reduction on electric vehicles, sweets and ready made garments from 12.5% to 5%.
# Budget allocation for promotion of art, culture and languages is Rs 54 cr.
# Delhi to get two elevated BRT corridors. 32 km from Anand Vihar-Peeragarhi, 24 km to from Wazirabad-Airport.
# “The government is committed to reducing tax arbitrage and will attempt to keep a uniform rate with neighbouring states. In several items such as sweets – namkeen, watches, readymade garments, lower tax rate in neighbouring states was causing erosion in the same. We have made efforts to remove such imbalances in our VAT structure,” said Deputy CM Manish Sisodia.