Mumbai, March 18 (IANS) Maharashtra Finance Minister Sudhir Mungantiwar on Wednesday announced the scrapping of the contentious Local Body Tax (LBT) while presenting in the state assembly a Rs.198,000 crore budget for 2015-16 that has a deficit of Rs.3,070 crore and a plan size of Rs.54,999 crore.
The LBT is scheduled to be scrapped from August 1 and the loss of around Rs.6,875 to the civic bodies, barring Mumbai, will be compensated by enhancing the Value Added Tax (VAT) rate across the state, he said.
Presenting a budget with focus on infrastructure, irrigation and tackling the agrarian crises in the state, Mungantiwar refrained from imposing any significant tax burden on the people.
However, he announced a premium on the additional floor space index availed by builders for construction purposes.
An allocation of Rs.109 crore has been made for the proposed Mumbai Metro 3 Project, which is currently facing stiff opposition from the people likely to be displaced and apprehensions of cutting down many trees in the city.
The minister said the budget was not based on expenditure but was target-oriented and important for tribals, farmers and minorities, poor and downtrodden.
Among the major highlights of the proposals are: freeing 223,000 farmers who have availed private loans from moneylenders, completing on priority 38 pending irrigation projects with an allocation of Rs.7272 crore, seed bank to preserve seeds traditionally used by the farmers in the state and Rs.1,000 crore allocation for water conservation projects to combat drought under Jalyukt Shivaj Yojana.
Mungantiwar announced a Rs.2,413 crore project to build rural roads in the state, an Aadmar Adarsh Gaon Yojana on the lines of Prime Minister Narendra Modi's scheme of each MPs adopting villages and plans to overhaul the Maharashtra State Road Transport Corporation.
For Mumbai, an amount of Rs.100 crore has been allocated for the grand memorials for Chhatrapati Shivaji in the Arabian Sea off the city coast and another for Dr. B.R. Ambedkar in central Mumbai, free WiFi at certain places in Mumbai under a tourist promotion scheme, a 1000-bed super-speciality hospital to be constructed in the campus of Sir J.J. Group of Hospitals and constructing a war memorial for Paramvir Chakra winners.
The state will construct 100,000 homes costing Rs.884 crore for the poor, an amount of Rs.268 crore would be spent on the Smart Cites Project, a skill development scheme named after the late Pramod Mahajan to come up, a school of planning and architecture in Aurangabad, special schemes for minority-dominated towns of Bhiwandi, Miraj and Malegaon.
Women earning upto Rs.10,000 per month will be exempted from paying profession tax, a five percent tax will be levied on mixed spices, taxes on labbooks, workbooks and graphbooks for students waived off, tax on LED bulbs slashed from 12.5 percent to five percent.
A biometric system of monitoring attendance for students and teachers in government-aided schools has been proposed and a state-evel 'Mazi Kanya, Bhagyashree' on the lines of the centre's 'Beti Bachao, Beti Padhao Scheme' will be introduced.
Chief Minister Devendra Fadnavis welcomed the budget proposals terming them as growth oriented and with many positive schemes for the farming community.
Maharashtra Congress President Ashok Chavan criticised the budget for making a shower of empty promises, questioned how the growth rate which stood at 8-10 percent for 15 years came down to 5.7 percent in the 138 days of the BJP-Shiv Sena rule.
Kunal Kamra Row: 'Unfortunate... the law must take action', CM Yogi Adityanath said on Kunal Kamra controversy
Uttar Pradesh Chief Minister Yogi Adityanath has strongly criticized the objectionable statement of stand-up comedian Kunal Kamra. CM Yogi said that freedom of expression does not mean that a person
Nothing Phone 1: Problems in assembling the transparent back panel of the phone! delivery will be late
Nothing Phone 1 Deliveries Delayed: Nothing Phone 1 has been officially launched in India. The price of this smartphone starts from Rs 32,999 and goes up to Rs 38,999. It has been in the news a lot
IND vs ENG: 'Looking at him reminds me of young Sachin Tendulkar', Shastri praised this Indian batsman.
Former India head coach Ravi Shastri has praised young Indian opener Yashasvi Jaiswal for his brilliant performance against England during the third Test in Rajkot. Yashasvi had failed to play a big
Sunny Thursday morning in Delhi
New Delhi, March 12 (IANS) It was a sunny Thursday morning here with the minimum temperature settling at 12.5 degrees Celsius, two notches below the season's average."The day is likely to be partly
74 thousand patients increased in 24 hours, more than 76 thousand people also recovered; 902 infected died; 66.22 lakh cases so far
The number of corona patients in the country has increased to 66 lakh 22 thousand 136. It is a matter of relief that 55 lakh 83 thousand 414 people have been cured so far. 1 lakh 2 thousand 714
Manipur Violence: Internet services restored after violence in four districts of Manipur, a step taken on the instructions of the High Court
The Manipur government has lifted the mobile internet ban in four hill district headquarters, security officials said on Thursday. These districts were not affected by caste violence. Internet
Nikki Haley said- Pakistan is a stronghold of terror: Called China a threat to the US, said- If I become president, I will stop funding enemy countries
Indian-origin Nikki Haley, who is involved in the race to become a candidate for the Republican Party in the 2024 presidential election in America, made an important statement. Nikki said- If I become
IIT experts claim, Omicron will bring the third wave: Professor Manindra Agarwal said - Natural immune system can beat the infection
The Omicron variant of Corona could cause the third wave of the pandemic. This is to say that Professor Padmashree Manindra Agarwal of IIT Kanpur. Pro. According to Aggarwal, instead of being very
Russia Ukraine War: Boris Johnson said - to continue support for Ukraine until the withdrawal of Russian President Putin
The Russian-Ukraine War has completed for 6 months on Tuesday. But so far no solution has been found for this war. Meanwhile, outgoing British Prime Minister Boris Johnson has appealed to world
PM Modi paid tribute to Manmohan Singh, said- the country has lost one of its most distinguished leaders
The former Prime Minister of the country Dr. Manmohan Singh passed away late last night. He breathed his last at AIIMS, Delhi. Prime Minister Narendra Modi condoled the death of Dr. Manmohan Singh.
