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Wednesday, September 22, 2021

Uttarakhand Budget: No new taxes

Budget for 2011-12 was presented by Uttarakhand Chief Minister Ramesh Pokhriyal the Assembly.

Written by Agencies | Dehra Dun |
March 22, 2011 5:46:15 pm

Laptops for meritorious students,first women engineering college and air ambulance facility are among a slew of announcements in the budget for 2011-12 which was presented by Uttarakhand Chief Minister Ramesh Pokhriyal Nishank in the Assembly.

Amid pandemonium created by the opposition over a host of issues,Nishank proposed no new taxes in the budget which is revenue surplus to the tune of Rs 309.90 crore.

Total receipts are estimated to be Rs 18,340.95 crore which is Rs 3,519.24 crore more than the budget estimates of the current fiscal.

Total expenditure in the budget is estimated to be Rs 19,366.91 crore,which is Rs 3,914.96 crore more than the budget estimates of the current fiscal.

The Plan expenditure has been pegged at Rs 6,564.29 crore for 2011-12 against Rs 5,117.38 crore estimated in 2010-11.

Similarly,under the non-plan expenditure,a provision of Rs 12,802.62 crore has been made for 2011-12 against Rs 10,334.57 crore in the budget of 2010-11.

In the 2011-12,fiscal deficit has been estimated at Rs 2,618.23 crore which is 3.18 per cent of GSDP which is also within the target of 3.5 per cent given by the 13th finance commission and FRBM Act.

The state’s tax revenue is estimated to be Rs 7,715.05 crore,showing an increase of 21.14 per cent over that for current fiscal. Under this,the VAT is estimated to rise by 23.26 per cent,stamp and registration fees is estimated to increase 13.67 per cent,motor vehicle tax is expected to increase by 10.75 per cent and excise duty to be increased by 5.93 per cent.

For infrastructure development,Rs 1001.84 crore was provided for PWD in 2010-11,has been increased to Rs 1374.47 crore for 2011-12. With the aim of women empowerment,the gender budget now stands at Rs 1851.55 crore.

The stamp duty has been reduced to 5 per cent from the pervious 6 per cent.

To minimise the evasion of stamp duty,e-stamping facility will be introduced in 4 districts of Haridwar,Dehradun,Udhamsingh Nagar and Nainital.

For small and non-AC restaurants VAT will be reduced from 13.5 per cent to 4 per cent.

The existing tax rate on cinema tickets will be reduced in a range of 25 to 50 per cent.

Students of Uttarkahand education board securing 80 per cent and above marks would be given laptops. First state women engineering college will also be established.

Air ambulance facility will be started soon to cater to emergency disaster situation in far flung areas.

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