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Wednesday, March 18, 2015

Highlights of Maharashtra budget


Maharashtra finance minister Sudhir Mungantiwar present the state's first BJP budget on Wednesday in the state assembly.

Highlights of the budget:

* Maharashtra finance minister Sudhir Mungantiwar presents state budget in assembly

* Govt announces scrapping of Local body tax (LBT) from August 1, 2015


* Monitoring room in Mantralaya to keep check on expenditure of state departments announces finance minister Sudhir Mungantiwar

* 2.23 lakh farmers to be freed from debt taken from moneylenders says Mungantiwar

* 1000 crore allocation for water conservation project to tackle drought: Mungantiwar

* Heavy allocation for improving agriculture in state budget being presented by Finance minister Mungantiwar

* Seeds bank to be set up for preserving seeds being used by farmers traditionally: state budget

* State govt intends to complete 38 irrigation projects on priority:state budget

* Rs 7272 cr allocation for irrigation to complete 38 projects says Mungantiwar

* Rs 100 crore for Shivaji's memorial off the Mumbai coast and a memorial for Dr Babasaheb Ambedkar

* Mungantiwar announces Rs 2413 cr project to build rural roads

* FM Mungantiwar announces Aamdar Adarsh Gaon Yojna on the lines of PM Modi's scheme to ask MPs to adopt villages

* State to build 1 lakh houses at cost of Rs 884 cr for poor announces Mungantiwar

* Rs 109 cr allocation for Mumbai metro 3 announces Mungantiwar

* Rs 268 cr for smart cities project announces Mungantiwar

* FM announces plan to overhaul state transport service, MSRTC

* Free wifi at some places in Mumbai under tourism promotion announces FM

* Boost to forest and beach tourism

* Skilled maharashtra scheme on the lines of Center's skill development scheme. The scheme to be named after late Pramod Mahajan

* Bio metric attendance for students and teachers in govt aided schools

* School of planning and architecture to be set up at Aurangabad

* Super speciality hospital of 1000 beds to be built at JJ Hospital campus

* Special scheme for minority dominated Bhiwandi, Malegaon and Miraj towns in state budget

* State budget: Excise duty on liquor to be increased

* State budget: premium to be charged on additional FSI

* Women earning upto 10000 per month need not pay profession tax

* State budget: A memorial for soldiers awarded with Paramvir Chakra to be built in Mumbai

* Maharashtra govt announces reduction of Tax on LED bulbs from 12.5% to 5%

* State budget: 5% tax on mixed spices

* Tax on lab books, workbooks, graph books of students waived off

* LBT to be abolished from 1st August 2015
* women's drawing salary upto 10000...exempted from profession tax

* tax rate on following reduced from 12.5% to 5%
  - ladies hand bags n purses
  - LED Bulbs
  - guide wire used in medical        treatments
* tax concessions on essential commodities continued for 1 more year
* reduction of late fee for vat return from rs 2000 to rs 1000
* mobilisation of revenue by enhanced premium on additional FSI

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