01 March 2016 Current Affairs GK: Madhya Pradesh Finance Minister Finance Minister Jayant Malaiya on 26 February 2016 presented the Annual State Budget 2016-17 in the legislative assembly. The finance minister announced a total expenditure of 158713.04 crore rupees for the year 2016-17 and appropriation of 170753.99 crore rupees.The state government announced VAT reduction on number of items like CSD cars, soya milk and dialysis machine, while making battery-operated vehicles tax-free. Tax on battery-operated cars and rickshaws was done away with an aim to check growing population. A revenue surplus of 3509.81 crore rupees was estimated for the year 2016-17.
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