You are here : MPBLSkip Navigation Links>Home>News
SocialTwist Tell-a-Friend Bookmark and Share

News & Views




A correspondent
A please-all surplus budget
Posted: Thursday, 26 Feb 2015 at 6:04 PM
Post a comment
BHOPAL

State budgets have a limited interest, all the more if they are presented before the Union Budget. This time the FIR against Governor Ram Naresh Yadav under the Prevention of Corruption Act just 24 hours before the presentation of the state budget in the assembly on Wednesday further dampened public curiosity. 

State finance minister Jayant Malaiya had a job to do, and he did it as well as he could by presenting a Rs 5,588 crore revenue surplus budget for 2015-16, the eleventh since the BJP was voted to power in 2003. Given the fact that VAT was slashed by more than half on a slew of consumer goods, the budget was immediately termed as “populist” by level headed critics and political opponents alike. Mr Malaiya, however, described the budgetary exercise as a marriage of  “good politics and economics.”.

With the result that total expenditure at Rs  1,31,199 crore shot up 12 per cent compared to the previous year. Total receipts were projected at Rs 1,30,815 crore.  VAT was more than halved on as many as 40 items like gas geysers, biofuel run smokeless stoves, school bags, bangles, locks and keys, gas stoves, soya milk powder, shoe polish, razor blades as well as on aviation fuel, bicycles made in MP and shoes and slippers. Stuff like pan masala, natural gas, CNG, sand, and procurement of gun licenses, however, were slated to become costlier.

Infrastructural development was given the attention it deserved. Outlay on power zoomed to Rs 9,500 crore (from Rs 7,500 crore) though the bulk of the increase would be eaten up by subsidy to farmers. About Rs 15, 749 crore was set aside for school education with the stress on “swacch Bharat, swacch vidyalaya”. Industry had less to crow about despite the Rs 6,550 crore allocated to self-employment and charting out development plans for smart cities.

Financial analysts observed that Mr Malaiya could have chosen to be fiscally meaner and leaner since polls were more than three years away. But the government’s continuing travails with the Professional Examination Board (PEB) scam and the Congress’ relentless efforts to implicate chief minister Shivraj S. Chouhan nudged him to adopt a softer approach. THE END    




0 Comment(s)

Be the first to comment

Post a Comment
Name Email  ID
Title
Maximum characters allowed
Comment
TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
  other headlines

Mined Out Of Korba
Posted: Monday, 4 Jan 2016 at 7:15 PM
Modi shadow in Chouhan win
Posted: Friday, 13 Dec 2013 at 6:52 PM
Are MP farmers better off today than 5 years ago?
Posted: Wednesday, 10 July 2013 at 4:51 PM
Raghav ji's election year budget
Posted: Saturday, 23 Feb 2013 at 7:35 PM
Focus on small, medium industry, CM tells summit
Posted: Monday, 29 Oct 2012 at 2:52 PM
Paralysis, petrifaction, incompetence!
Posted: Tuesday, 21 Aug 2012 at 1:20 PM
Industry: Condemned to play catch-up
Posted: Monday, 18 June 2012 at 6:32 PM
Farmers' protests a problem of plenty
Posted: Wednesday, 16 May 2012 at 3:08 PM
Army paying for Nehru's follies
Posted: Wednesday, 18 April 2012 at 1:13 AM
A please all Budget which may please few
Posted: Tuesday, 28 Feb 2012 at 10:59 PM
Electoral reforms hold the key
Posted: Monday, 20 Feb 2012 at 1:59 AM
More industry boosting measures approved
Posted: Wednesday, 11 Jan 2012 at 7:57 PM
First make CBI a 'legal' entity
Posted: Saturday, 31 Dec 2011 at 11:55 AM
Police autonomy a must
Posted: Tuesday, 29 Nov 2011 at 9:33 AM
Focus on good governance alone can check graft
Posted: Thursday, 15 Sep 2011 at 9:32 AM
'Caste' of service blight of Indian bureaucracy
Posted: Monday, 1 Aug 2011 at 5:04 PM
World Bank MD invites Shivraj to DC
Posted: Thursday, 23 June 2011 at 9:42 PM
Like a bad dream, SIMI resurfaces
Posted: Sunday, 12 June 2011 at 5:55 PM
Have Bhopal's gas NGOs become a vested interest?
Posted: Monday, 30 May 2011 at 11:05 AM
With PM's blessings, Bina refinery now a reality
Posted: Friday, 20 May 2011 at 9:45 PM

Archive

Mail this Page
Recipient(s) name :
(seperate by ; for multiple Recipient(s))
Recipient(s) email address :
(seperate by ; for multiple Recipient(s) email)
Your name :
Your email address :
Comments(optional) :
 
Feedback | Register | Contact Us | Privacy Policy
23 Sep 2017
Copyright © 2010, Madhya Pradesh Business Line. All rights reserved.

Developed & Designed By C-Net Infotech Pvt. Ltd., Bhopal (M.P.)