No fresh taxes, big push to ru­ral devp in HP bud­get

Hindustan Times (Jalandhar) - - HTPUNJAB - HT Cor­re­spon­dent let­ter­[email protected]­dus­tan­times.com

SHIMLA: Hi­machal Pradesh chief min­is­ter Jai Ram Thakur fo­cused more on the ru­ral pop­u­la­tion, which con­sti­tutes 80% of the state, while pre­sent­ing a ₹44,388crore ‘pop­ulist’ bud­get for the fi­nan­cial year 2019-20 in the state assem­bly on Satur­day. No new tax has been pro­posed in the bud­get which saw an in­crease of ₹2,948 crore (7%) from ₹41,440 crore in 2018-19.

The fis­cal deficit is es­ti­mated at ₹ 7,352 crore for 2019-20, which is 4.3% of GSDP. The net bor­row­ing will be ₹5,069 crore.

Pre­sent­ing his sec­ond bud­get, the chief min­is­ter, who also holds the fi­nance port­fo­lio, an­nounced 15 new schemes for var­i­ous sec­tions.

In his three-hour ad­dress in the house while tabling the 168page pro­posed bud­get, Thakur said an an­nual plan of ₹7,100 crore is fo­cused on in­creas­ing farm pro­duc­tiv­ity, de­vel­op­ing ru­ral in­fra­struc­ture, de­vel­op­ing new sources of ir­ri­ga­tion, flood con­trol and so­cial ser­vices.

n Chief min­is­ter Jai Ram Thakur ar­riv­ing at the HP assem­bly to present the bud­get. HT PHOTO

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