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No new tax proposal in Arunachal budget

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ITANAGAR, March 24 � Arunachal Pradesh Finance Minister Chowna Mein today presented a Rs 218.05 crore deficit budget for the fiscal year 2012-13. There was no enhancement of taxes or any new tax proposal in the budget.

Though the annual plan outlay of the State has not been finalised by the Planning Commission (PC), the estimate of resources for financing the annual plan 2012-13 has been estimated at Rs 3,342.36 crore tentatively, the Minister said.

He added that the State Government is proposing to project a much higher estimate of annual plan 2012-13 to the PC which will be finalised only after the meeting of Chief Minister Nabam Tuki and deputy chairman of the PC.

Giving priority in creation of adequate employment opportunity in the budget, the Minister said the State Government is planning to create sufficient job opportunities for the unemployed youths through development of hydro-power, tourism and information technology. In addition to these, the State Government will create self-employment avenues in agriculture, horticulture, tea, bamboo and rubber cultivation besides cottage and small scale industry, he added.

The Finance Minister said that the State Government is contemplating to promote rubber plantation in the 12th plan period (2012-17) for self sustenance of the farmers. He said during the next five years 4,000 hectares of land would be covered under rubber plantation in addition to the existing 2,000 hectares in the State.

The other important aspects of the budget include implementation of public private partnership (PPP) policy in various sectors, revamping of public distribution system (PDS), introduction of Indira Gandhi National Widow Pension Scheme and Indira Gandhi National Disability Pension Scheme for below poverty line beneficiaries, enhancement of student stipends, achieving cent per cent literacy rate in the 12th plan period and promotion of cultural heritage and sports.

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No new tax proposal in Arunachal budget

ITANAGAR, March 24 � Arunachal Pradesh Finance Minister Chowna Mein today presented a Rs 218.05 crore deficit budget for the fiscal year 2012-13. There was no enhancement of taxes or any new tax proposal in the budget.

Though the annual plan outlay of the State has not been finalised by the Planning Commission (PC), the estimate of resources for financing the annual plan 2012-13 has been estimated at Rs 3,342.36 crore tentatively, the Minister said.

He added that the State Government is proposing to project a much higher estimate of annual plan 2012-13 to the PC which will be finalised only after the meeting of Chief Minister Nabam Tuki and deputy chairman of the PC.

Giving priority in creation of adequate employment opportunity in the budget, the Minister said the State Government is planning to create sufficient job opportunities for the unemployed youths through development of hydro-power, tourism and information technology. In addition to these, the State Government will create self-employment avenues in agriculture, horticulture, tea, bamboo and rubber cultivation besides cottage and small scale industry, he added.

The Finance Minister said that the State Government is contemplating to promote rubber plantation in the 12th plan period (2012-17) for self sustenance of the farmers. He said during the next five years 4,000 hectares of land would be covered under rubber plantation in addition to the existing 2,000 hectares in the State.

The other important aspects of the budget include implementation of public private partnership (PPP) policy in various sectors, revamping of public distribution system (PDS), introduction of Indira Gandhi National Widow Pension Scheme and Indira Gandhi National Disability Pension Scheme for below poverty line beneficiaries, enhancement of student stipends, achieving cent per cent literacy rate in the 12th plan period and promotion of cultural heritage and sports.

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