Akhilesh presents Rs.3.46 lakh crore budget – UP’s biggest

Lucknow, Feb 12 (IANS) Uttar Pradesh Chief Minister Akhilesh Yadav on Friday presented a Rs.3.46 lakh crore budget for 2016-17 – the biggest-ever in the state – focussing primarily on innovation, infrastructure, health and education.

The fifth budget presented by Akhilesh Yadav, who holds the finance portfolio, would also be his last in this tenure as assembly elections in the state are scheduled for next year. It was 14.56 percent from the Rs 3.02 lakh crore budget he presented in the last financial year.

The budget has recommended ten percent increase in value added tax (VAT) and the same increase in excise tax, while Rs.2.50 crore has also been earmarked for the farmer accidental insurance scheme.

The chief minister presented a Rs.27,758 crore supplementary budget in which farmers and the power sector were major beneficiaries. An amount of Rs.814 crore has been given for the Lucknow Metro Rail project while Rs.100 crore has been allocated to the hyped, and now-shelved, scheme of free laptop distribution to class 12 students.

An amount of Rs.2,057 crore has been marked for the drought relief measures in the 50 drought-hit districts of the state and the special needs fund for Bundelkhand has been increased from Rs.71.50 crore to Rs.200 crore.

Payment of Rs.1,336 crore has been allocated for cane arrears while the Agra-Lucknow expressway has been given Rs.4,003 crore. Rs.11 crore has also been allotted for improving traffic systems in 12 cities.

The chief minister, who presented the budget amid disruptions and slogan-shouting by the opposition legislators of the Bahujan Samaj Party (BSP), Bharatiya Janata Party (BJP) and the Congress, later said that he can proudly say that all promises made by the Samajwadi Party (SP)during the 2012 state assembly polls have been fulfilled.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here