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PUNJAB BUDGET 2018
The Union Budget also referred to as the Annual Financial Statement in Article 112 of the Constitution of India (1949) Normally presented on the last working day
of February .
The first Indian Budget was presented by James Wilson on February 18, 1869. Mr Wilson was the Finance Member of the India Council that advised the Indian Viceroy .
The first Union budget of independent India was presented by R. K. Shanmukham Chetty on November 26,1947.
Shanmukham Chetty was also the first finance minister of independent INDIA.
Former Finance Minister Morarji Desai presented the budget ten times, the
most by any. The railway budget was separated from general budget in 1924.
John Mathai became the first Railway Minister of the independent India. He also presented the first Railway Budget of independent India in 1947.
Jagjivan Ram known popularly as Babuji Union Minister for Transport and Railways, 1956–1962, has presented the railway budget most times i.e. seven times, followed by Lalu Prasad by six times. First live telecast of railway budget took place on 24 March 1994.
In 2000, Mamata Banerjee became the first women Railway Minister of India. In the
year 2002, she also became the first female Minister of Railways to present the Railway
budget. The last Railway Budget was presented separate from Union budget on 25 February
2016 by Mr. Suresh Prabhu.
Modi government on 21 September 2016 approved merger of the Rail and
General budgets ending a 92-year-old practice of a separate budget .
On 1 February 2017, Arun Jaitley became the first Finance Minister to
present a combined railway and general budget .
PUNJAB BUDGET 2018
FOCUS AREA
Agriculture
Education
Health
Punjab Finance Minister Manpreet Badal presented the second budget of the Congress
government in the state on 24 march 2018 . The total budget size was Rs 1,29,698 crore;
effective size is Rs 1,02,198 crore. Total outstanding debt of state as on March
2018 is Rs 1,95,978 crore and Outstanding debt to go up to Rs 2,11,523 crore in 2018-19.
AGRICULTURE
Slogan for farmers this year is, ‘Khushhal Kisan, Pragatisheel Naujwan (Prosperous
farmers, progressive youth) . Total outlay of Rs 14,734 crore for
agriculture is a jump of 40% over last fiscal’s allocation of Rs 10,541 crore .
Under RKVY. `400 crore has been allocated.
A special project of `750 crore to improve the agricultural marketing.
For underground pipeline projects for irrigation water. 44 crore has been
provided .
FUNDS FOR ALLIED ACTIVITIES
Crop Résiduel Management `100 crore. New Cattle Feed Plant will be set up
at Kapurthala at a cost of `13 crore.
55 crore for National Horticulture Mission. 10 crore for a Buffalo Research
Centre at Patti Education 6 % increase in grant over the last year has
been announced for Guru Nanak Dev University (Amritsar)
Punjab Agricultural University (Ludhiana) Guru Angad Dev Veterinary and Animal
Sciences University (Ludhiana).
Punjabi University (Patiala) , Guru Ravidas Ayurved University
(Hoshiarpur), Rajiv Gandhi National University of Law
(Patiala) The total grant to Panjab University `42.62 crore in 2018-19.
An additional one-time grant of `50 crore for Punjabi University, Patiala this year.
Installation of RO system in 1,500 schools with Rs 9 crore. A capital of Rs 3,020 crore for rural development. The government also announced for installing solar power systems for all senior
secondary schools. To set up sports University at Patiala, initial allocation of Rs 10 crore made in the budget Other Important Area.
Reservation quota for backward classes increased from 5%to 10% For Admission in
educational , Technical and Professional Institution . Family income limit increased from
`6 lac to `8 lac per annum. For Smart Cities Mission Ludhiana , Amritsar ,
Jalandhar 500 crore provided. Centre for excellence for floriculture in Doraha,
Ludhiana * Rs 20 crore allocated, Punjab government set up a portal to
promote invest Punjab initiative “ Business First”
Rs 100 crore provided for preparatory arrangements of 550th birth anniversary of
Guru Nanak Dev in 2019 230 crore for up gradation of 75 rural roads
and 4 bridges with the assistance of NABARD TAX
Every taxpayer in Punjab will now have to pay New tax 20 paise development tax .”
Many of the progressive states like Maharashtra, Gujarat, Karnataka, Andhra
Pradesh and Tamil Nadu have been collecting such tax for development for a long time.
Nominal development tax” at the rate of Rs 200 per month only on the Income Tax
payees who are engaged in professions, trades, callings and employments
Health. All municipal towns/areas would be made Open Defecation Free by June 30, 2018,
under the Swachh Bharat Mission. The government will provide free sanitary
napkins to all girl students from Class 6-12th in all government schools with an objective
to promote menstrual hygiene and reduce dropout of girl students.
Rs 73.34 crore for up gradation of government medical colleges at Patiala and
Amritsar. Mukh Mantri Cancer Rahat Kosh, `30 crore proposed to provide financial assistance @ 1.50 lakh for free treatment to the cancer patient. State cancer institute at Amritsar costing
Rs 39 crore to come up . Tertiary cancer care centre at Fazilka to cope up with Rs 45 crore. NRHM gets Rs 914.57 crore Trauma Centres on National Highways to get Rs 20 crore
For cancer and drug abuse, eradication boards to be created with a corpus of Rs 25 crore.
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