Goa State Budget 2016-17 presented

Posted on:19 Mar 2016 09:18:36
Goa State Budget 2016-17 presented
19 March 2016 Current Affairs: Goa Chief Minister Laxmikant Parsekar holding the Finance portfolio on 16 March 2016 presented a 158 crore rupees revenue surplus budget in the State assembly. The total size of the budget for 2016-17 is 14694 crore rupees.This is 9 percent higher compared with the 2015-16 figures. This is the first time in four years that the state increased the VAT on motor spirits by 7 percent. The budget focuses on increasing all round allocations especially on social welfare, education, health and infrastructure apart from agriculture, horticulture, floriculture and fisheries.The State achieved highest per capita income of 257490 rupees in the country during 2015-16. The State GDP achieved 10 percent growth rate with a GSDP of 60893 crore rupees.The fiscal deficit was kept at 2.4 percent, well below the limit of 3 percent. The government borrowing ratio is also within the stipulated limit.He also announced that Coconut trees will now be brought under the agriculture department instead of the forests department with a provision for mandatory permission for cutting any coconut tree.VAT on Aviation Turbine Fuel (ATF) was increased to 18 percent from 12.5 percent.Value Added Tax (VAT) on petrol was increased to 22 percent from 15 percent.Coconut trees will now be brought under the agriculture department instead of the forests department with a provision for mandatory permission for cutting any coconut tree.VAT as well as tax on entry of goods in respect of regasified liquefied natural gas used by the industry was increased from the existing 20 percent to 30 percent.Goa Staff Selection Commission will be constituted for selection of candidates for   appointments to the subordinate services, i.e. all non-gazetted  posts  in  the  Government organization  as  well as  autonomous  bodies  and  semi  Government organizations.Two Offices of Deputy Collector will be established at Sattari and Sanguem respectively.Single window system will be created by integrating all services related to land matters, so that people buying land will not have to undergo various procedures.Digital Locker Integration will be created in line with Digital India Initiative of the Union Government wherein people will not have to submit required documents repeatedly for availing any certificate or service.The state government will increase the age limit for government job aspirants from 40 to 45 years.A full-fledged Coconut Development Board would be put in place headed by Coconut Farmer or an expert. It would be mandatory to seek NOC from the agriculture department to cut coconut trees.The government also announced the enhancement of support price for Coconut increased from 8 rupees to 10 rupees per coconut. IFFI-Secretariat will be developed on Public Private Partnership (PPP) basis with a token provision of amount of 1 crore rupees.With a seed capital funding of up to 50 Lakh rupees for start-up, the government will target 100 such start ups and invest through Investment Promotion Board (IPB).The luxury tax on hotel stay is reduced from 60 percent to 25 percent during off season between June and September.Entry fee for Casinos has been enhanced from of 700 to 1000 rupees per person.Necessary amendments will be made to remove Feni from ‘Liquor’ category and place it as a Heritage drink, since it has medicinal and other values. The state will reduce 5 percent of VAT on Feni to support local producers.
Goa Chief Minister Laxmikant Parsekar holding the Finance portfolio on 16 March 2016 presented a 158 crore rupees revenue surplus budget in the State assembly. The total size of the budget for 2016-17 is 14694 crore rupees.This is 9 percent higher compared with the 2015-16 figures. This is the first time in four years that the state increased the VAT on motor spirits by 7 percent. The budget focuses on increasing all round allocations especially on social welfare, education, health and infrastructure apart from agriculture, horticulture, floriculture and fisheries.The State achieved highest per capita income of 257490 rupees in the country during 2015-16. The State GDP achieved 10 percent growth rate with a GSDP of 60893 crore rupees.The fiscal deficit was kept at 2.4 percent, well below the limit of 3 percent. The government borrowing ratio is also within the stipulated limit.He also announced that Coconut trees will now be brought under the agriculture department instead of the forests department with a provision for mandatory permission for cutting any coconut tree.VAT on Aviation Turbine Fuel (ATF) was increased to 18 percent from 12.5 percent.Value Added Tax (VAT) on petrol was increased to 22 percent from 15 percent.Coconut trees will now be brought under the agriculture department instead of the forests department with a provision for mandatory permission for cutting any coconut tree.VAT as well as tax on entry of goods in respect of regasified liquefied natural gas used by the industry was increased from the existing 20 percent to 30 percent.Goa Staff Selection Commission will be constituted for selection of candidates for   appointments to the subordinate services, i.e. all non-gazetted  posts  in  the  Government organization  as  well as  autonomous  bodies  and  semi  Government organizations.Two Offices of Deputy Collector will be established at Sattari and Sanguem respectively.Single window system will be created by integrating all services related to land matters, so that people buying land will not have to undergo various procedures.Digital Locker Integration will be created in line with Digital India Initiative of the Union Government wherein people will not have to submit required documents repeatedly for availing any certificate or service.The state government will increase the age limit for government job aspirants from 40 to 45 years.A full-fledged Coconut Development Board would be put in place headed by Coconut Farmer or an expert. It would be mandatory to seek NOC from the agriculture department to cut coconut trees.The government also announced the enhancement of support price for Coconut increased from 8 rupees to 10 rupees per coconut. IFFI-Secretariat will be developed on Public Private Partnership (PPP) basis with a token provision of amount of 1 crore rupees.With a seed capital funding of up to 50 Lakh rupees for start-up, the government will target 100 such start ups and invest through Investment Promotion Board (IPB).The luxury tax on hotel stay is reduced from 60 percent to 25 percent during off season between June and September.Entry fee for Casinos has been enhanced from of 700 to 1000 rupees per person.Necessary amendments will be made to remove Feni from ‘Liquor’ category and place it as a Heritage drink, since it has medicinal and other values. The state will reduce 5 percent of VAT on Feni to support local producers.

Monthly Current Affairs



Fresherslive telegram Group

Current Affairs Section



Daily Current Affairs Quiz


Daily Current Affairs Videos Video Link
24th May 2019 Current Affairs Video
23rd May 2019 Current Affairs Video
22nd May 2019 Current Affairs Video
21st May 2019 Current Affairs Video
20th May 2019 Current Affairs Video
Watch more Current Affairs Videos





Subscribe to Current Affairs

Enter your email to get daily current affairs
SUBSCRIBE
Download Current Affairs PDF
Weekly pdf's
60 39
at 21 off

Monthly pdf's
250 125
at 125 off

Yearly pdf's
1200 499
at 701 off

YEARLY Current Affairs PDF

  • Yearly Current Affairs 2018 PDF



  • Currentt Affairs 2019 May

    25 MAY
    NEWS
    24 MAY
    NEWS
    23 MAY
    NEWS

    Currentt Affairs 2019 April

    30 APRIL
    NEWS
    29 APRIL
    NEWS
    28 APRIL
    NEWS
    27 APRIL
    NEWS

    Currentt Affairs 2019 March

    31 MARCH
    NEWS
    30 MARCH
    NEWS
    29 MARCH
    NEWS
    28 MARCH
    NEWS




    ×
    Download Current Affairs PDF
    Weekly PDF's
    60 39
    at 21 off

    Monthly PDF's
    250 125
    at 125 off

    Yearly PDF's
    1200 499
    at 701 off