Gujarat State Budget for FY 2017-18 presented

Posted on:22 Feb 2017 17:46:11
Gujarat State Budget for FY 2017-18 presented
22 February 2017 Current Affairs: Gujarat Deputy Chief Minister Nitinbhai Patel, who also holds the Finance portfolio, on 21 February 2017 presented the State’s annual budget for 2017-18 in the legislative assembly.

It was the first budget presentation for the Vijay Rupani-led government, which came into the power on 7 August 2016.

Highlights of Budget 2017-18 : The total size of the revenue surplus budget is Rs 1,72,179.24 crore, which is Rs 20, 327.31 crore more than the budget 2016-17.

For the FY 2017-18, total revenue expenditure is estimated at Rs 1,25,455.63 crore and the capital expenditure is estimated at Rs 45,376.34 crore.

The revenue receipts are estimated at Rs 1,31,521.23 crore and the capital receipts are estimated at Rs 33,974.90 crore.

The Goods and Services Tax (GST) will be rolled out on 1 July 2017.

Payment of taxes exceeding Rs 10,000 will have to be paid through e-payment mode only.

The State government will provide bicycles to 45,000 female students of class IX under the Vidya Sadhna Yojana (VSY).

About 3.5 lakh tablets will be provided to first year college students at subsidized prices to encourage e-learning.

An independent State Food Commission (SFC) will be set up to monitor the functioning of the Food Security Act, 2013.

A new corporation will be set up for undertaking welfare measures related to differently-abled persons (Divyangs).

To reduce the dropout ratio in schools, free uniform and textbooks will be provided to over 60 lakh students.

An exclusive university will be set up to undertake studies and research related to tribal issues. The university will be established in Narmada District.

To improve the viability of agriculture sector, the government has allocated Rs 4,011 crore for power subsidies.

Allocation of Rs 5,100 crore has made to take Narmada water to the drought-prone Kutch region.

Nitinbhai Patel has allocated Rs 1340 crore for construction of 1 lakh affordable houses in urban areas.

 

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