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| Rather presents balanced budget for next year | | Manohar presents budget in LC |  Jammu, March 6 (Scoop News) -The Minister for Finance, Abdul Rahim Rather today presented balanced Budget for the next financial year comprising estimated total receipts to the tune of Rs. 38,068 crore and equal amount for estimated expenditure based on the anticipated size and the pattern of financing of the next year’s annual plan.
In his about one hour and twenty minutes long budget speech, said that out of the total estimated receipts and expenditures, the share of central taxes has been kept at the level of Rs. 4,485 crore as per preliminary indications, as against the current year’s RE of Rs. 4,085 crore.
Rather said that the state’s own tax revenue is targeted for a quantum jump of Rs. 6,700 crore in the next financial year against revised estimates of Rs 5975 crore during the current fiscal showing in increase of Rs. 556 crore. He said the total anticipated expenditure is tentatively classified between the revenue expenditure of Rs. 28,690 crore and capital expenditure of Rs. 9378 crore whereas the non-plan revenue expenditure consumes Rs. 27096 crore, of which, the biggest chunk of Rs. 17,002 crore is earmarked for payment of salaries and pension. This includes a provision of Rs. 700 crore for meeting the cost of two fresh instalments of DA. Over and above this amount, the Grant-in-Aid of ` 783 crore to the autonomous bodies, is also primarily aimed at meeting their salary expenses.
Rather said that the state’s next year’s plan outlay would be to the tune of Rs. 8,000 crore on the basis of preliminary discussions held with the Planning Commission adding that an amount of Rs. 6,000 crore has been proposed for implementation of PMRP for the next financial year. Besides, a sum of Rs. 1000 crore has been proposed as the state share in the next year’s plan out lay for centrally sponsored schemes which will enable the State to access central funding of Rs. 3500 crore. The breakup of the proposed plan outlay between capital and revenue expenditure is Rs. 6,436 crore and Rs. 1,564 crore respectively. He said a provision of Rs. 783 crore has been proposed for urban local bodies, Universities and other autonomous bodies for supplementing their revenue expenditure requirements.
The Minister of state for Finance, Dr. Manohar Lal Sharma presented the budget in Legislative Council and announced various welfare measures for different sections of the society.
BUDGET 2013-14
(Highlights)
SALIENT FEATURES :
• Estimates of Total Receipts (TR) ` 38068 crore.
• Estimates of Total Expenditure (TE) also at ` 38068 crore.
• Revenue Expenditure (RE) including Security Related Expenditure (SRE) ` 28690 crore, Capital Expenditure (CAPEX) ` 9378 crore.
• Non Plan Revenue Expenditure (NPRE) consumes ` 27096 crore of which ` 17002 crore on salaries and pension.
• A provision of ` 842 crore to disburse third installment of Pay/Pension revision arrears.
• Earmarked provision of 700 crore for DA to employees and pensioners.
• ` 75 crore provision in 2013-14 for 10% Employer’s share under New Pension Scheme introduced from January, 2010.
• Provision of 50 crore for clearing statutory liabilities of corporations reported at over 95 crore.
• A provision of 26 crore for meeting cost of VRS/GHS in PSUs.
• Annual Plan 2013-14: ` 8000 crore. PMRP at ` 600 crore.
• State Share of ` 1000 crore in Plan to access Central funding of about ` 3500 crore under Centrally Sponsored Schemes and various flagship schemes.
• Plan Revenue Expenditure (PRE) estimated at ` 1564 crore, Plan Capital Expenditure (PCE) ` 7036 crore excluding CSS.
• ` 783 crore provision for Urban Local Bodies, Universities and other autonomous bodies / institutions for supplementing their revenue expenditure requirements.
• ` 50 lacs to be provided annually for victim compensation scheme.
• Budgetary provision for advertising and publicity to be increased by ` 4.00 crore.
INFRASTRUCTURE DEVELOPMENT:
• Plan provision of ` 1579 crore for Social Services and ` 652 crore for General Services Sectors.
• Plan provision ` 2207 crore for Special Area Programmes including ` 87 crore for Leh, ` 81 crore for Kargil, ` 128 crore for BADP, ` 62 crore for Tribal Sub – Plan, ` 52 crore under Rashtriya Shram Vikas Yojana and ` 1741 crore for District Plan.
• Plan provision of ` 384 crore for Agriculture and allied activities including Rural Development.
• Plan provision of ` 126 crore for Industries and Minerals, ` 613 crore for Transport, ` 18 crore for Communication and ` 4.6 crore for Science, Technology and Environment Sectors.
• Plan provision of ` 889 crore for Energy Sector.
• Plan provision of ` 600 crore under PMRP out of which ` 477 crore for counterpart fund – Asian Development Bank and ` 123 crore for rehabilitation of dwellers of Dal and Nageen Lakes.
PRIs EMPOWERMENT:
• Provision of ` 231 crore for devolution to Panchayats.
• Panchayats to implement various schemes like MG-NREGA of the order of more than ` 1300 crore.
• Sarpanches to get remuneration of ` 2000/- per month
• Panches to get a fee of ` 300/- per sitting subject to monthly ceiling of ` 600/- per month.
• The Government to consider appropriate insurance cover for elected Panchayat representatives.
WELFARE INITIATIVES:
• Provision of ` 5 crore for housing and ` 9 crore for transit accommodation of migrants under PMRP.
• ` 8 crore set apart for migrants’ group mediclaim insurance.
• Provision of ` 100 crore for Employment related initiatives including ` 55 crore as seed capital for SKEWPY and ` 20 crore for Youth Start-up Loan Scheme.
• Pending cases under Old Age Pension Scheme to be covered. Financial implication around ` 21 crore.
• Provision of ` 2 crore under Medical Aid Trust Fund.
• The wage rates of daily rated workers to be enhanced to ` 150 per day.
• The Government to explore and participate in insurance cover for journalists.
• A comprehensive restructuring of Excise and Taxation wing to be undertaken.
• 70000 to 80000 posts hoped to be filled in the next few years.
• Scheme for financial help to the acid victims to be launched.
• Further ` 2 crore contribution to the corpus of Cancer Treatment and Management Fund.
• BPL orphan girls who have passed matriculation to get ` 30,000 for marriage ` 3 crore earmarked for the scheme.
• 100 new mobile schools to be opened during next year.
• Surcharge on the electricity bills in case of delayed payments who clear their pending bills during current financial year to be waived off.
• As a one time exercise, all the previous energy consumption accounts of Power Development Department with the consuming departments to be squared up.
• Provision of ` 1.00 crore for giving start to a well designed and effective and educational campaign against the habits of smoking and chewing tobacco.
TAX CONCESSIONS:
• ATTA, MAIDA, SUJI, BESAN, RICE, PADDY outside VAT net for one more year.
• Tax concessions (VAT Remission) to industry extended upto 31.03.2014 or till adoption of new GST regime by our State.
• Existing tax exemptions to Tourism sector to continue for another Year.
• The rates for government advertisements to be increased by 50%.
• Honey exempted from levy of VAT.
• VAT on saffron reduced to 5%.
• Subsidized small tractors, power tiller and other agricultural implements and attachments exempted from levy of VAT.
• The limit of exemption from stamp duty increased to ` 1.50 lacs for both Kissan Credit Cards and Artisan Credit Cards.
• VAT on cooked food items sold by hotels, restaurants, food joints, dhabas reduced to 5% from 13.5%.
• Import of Jute fabric exempted from the levy of Entry Tax.
• Raw Pashmina exempted from VAT.
• Stone made idols, havan samagari both packed and loose and guggal dhoop exempted from the levy of VAT.
• VAT on durrets, quilt, blanket covers, table cloth, table covers, mufflers, bed spreads, pillow case and pillow sleeps to decrease to 5%.
• VAT rate on CF Lights to be reduced to 5%.
ADDITIONAL RESOURCES MOBILIZATION:
• Services provided by Authorized Automobile Service Stations, Property dealers/Real Estates Agents and Consultants other than those already included in a service covered by J&K GST Act brought under service Tax net.
• Toll rate to increase by 5 paisa per kilograms in the existing rate of Additional Toll.
• Toll rate on import of table birds to increase from ` 6.00 per kg to ` 8 per kg.
• VAT on cigarettes to increase from 30% to 40%.
RATIONALIZATION/REFORM MEASURES:
• Pipe fittings, hand made or machine made washing soap, cables of all types including industrial cable, ‘Aam Papad’ to be taxed at uniform rate of 13.5%
• VAT system made dealer friendly.
• Penalty equivalent to 25% of value of goods in case of an offence lowered, however, the penalty at the rate of twice of VAT to continue.
• The legal heirs of registered dealers not to apply for fresh registration.
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