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Punjab govt dedicates Rs 1,68,015 crore budget to protesting farmers, announces loan waivers – India News , Firstpost


In an announcement for the state govt staff who’ve been looking for fee of their arrears, finance minister Manpreet Badal stated a provision of Rs 9,000 crore has been made within the Budget for the sixth Punjab Pay Commission

Chandigarh: The Amarinder Singh-led authorities in Punjab on Monday offered its final budget with a complete measurement of Rs 1,68,015 crore for 2021-22, making bulk of its provisions for agriculture, city growth, water assets, well being and different sectors.

Dedicating the state budget to the farmers who’re protesting in opposition to the Centre’s three farm legal guidelines, Finance minister Manpreet Singh Badal determined in opposition to levying any contemporary taxes within the state which can go to the Assembly polls early subsequent 12 months.

Announcing the subsequent section of the Congress-led authorities’s flagship programme ‘crop loan waiver scheme’, Badal introduced an allocation of Rs 1,712 crore during which Rs 1,186 crore of 1.13 lakh farmers and Rs 526 crore of landless farm staff might be waived.

Already, the state authorities has given a debt reduction of Rs 4,624 crore to 5.83 lakh small and marginal growers.

Among main Budget proposals, Badal introduced the implementation of the Sixth Pay Commission’s suggestions for the federal government staff from July and a Rs 3,780 crore scheme – ‘Kamyaab Kisan Khushaal Punjab’ for farmers.

The Budget additionally proposed one other dose of crop loan waiver, Rs 200 crore for crop diversification programme, doubling of previous-age pension and elevating the quantity underneath the Ashirwad scheme and employment for youth.

With a speech laced with some couplets, Badal additionally introduced a free journey facility for ladies within the state-owned enterprise buses in a please-all Budget.

During the Budget speech, two Akali Dal legislators Lakhbir Singh Lodhinangal and Dilraj Singh Bhundar staged a walkout from the House for not proposing something for farmers who commit suicide.

After a while, AAP legislators additionally stormed into the nicely of the House and staged a walkout over the rising state debt.

In an announcement for the state authorities staff who’ve been looking for fee of their arrears, Badal stated a provision of Rs 9,000 crore has been made within the Budget for the sixth Punjab Pay Commission.

Expecting the submission of the report of the Pay Commission quickly, Badal stated the suggestions of the pay panel might be applied from July 1 this 12 months.

“I also announce to pay the arrears, if any, in a staggered manner of which the first instalment shall be paid in October 2021 and the second instalment in January 2022”, stated Badal in his speech.

Stating that the nicely-being and prosperity of the farmers was the central theme of the Congress-led authorities, Badal introduced a brand new scheme ‘Kamyaab Kisan Khushaal Punjab’ price Rs 3,780 crore, aimed to enhance the earnings of farmers.

Under this scheme, some key initiatives are proposed like fixing the bottom worth for horticulture crops and fee of deficiency worth as compensation, two new schemes to mitigate the chance of producers, agricultural advertising and marketing innovation analysis and intelligence centre to help the farmers in fetching higher return by advertising and marketing intelligence reviews and so forth, stated Badal.

With this scheme to be applied within the subsequent three years, an outlay of Rs 1,104 crore has been proposed for 2021-22.

An quantity of Rs 7,180 crore was offered in direction of free subsidy to farmers. The state authorities within the final 4 years had given free energy price Rs 23,851 crore, stated Badal.

The minister additionally introduced to elevate previous-age pension from Rs 750 per thirty days to Rs 1,500 per thirty days and improve the quantity underneath the Ashirwad scheme from Rs 21,000 to Rs 51,000 and might be applied from July.

Under the Ashirwad scheme, monetary help is offered for the marriage of Scheduled Caste ladies, daughters of widows of any caste and SC widows.

Both these had been a part of the ballot guarantees of Congress earlier than coming to energy in 2017.

In the budget, Badal stated the state authorities supposed to recruit in opposition to one lakh vacancies in a phased method. The authorities will fill 48,989 posts within the first section and full the remaining recruitments as per obtainable emptiness place throughout 2021-22, he said.

So far, the state authorities was ready to facilitate employment to 16.29 lakh youth until date and goals at facilitating employment to one other 10 lakh youth in subsequent 12 months for which the budgetary allocation of Rs 428 crore has been made, he stated.

To promote the Punjabi language, Badal additionally proposed doubling award cash from Rs 10 lakh to Rs 20 lakh for the Punjabi Sahit Ratan Award and from Rs 5 lakh to Rs 10 lakh for the Shiromani Award given to varied writers, poets, musicians, journalists, and so forth.

As a tribute to freedom fighters, the FM additionally proposed rising the month-to-month pension from Rs 7,500 to Rs 9,400.

Giving a push to city growth, a hike of 68 per cent in allocation for city infrastructure at Rs 7,192 crore was made for the subsequent fiscal.

A sum of Rs 3,822 crore has been put aside for strengthening the well being infrastructure, stated Badal including the unprecedented COVID-19 pandemic has solely underscored the significance of well being infrastructure and associated companies.

A 40 per cent improve within the allocation for water assets at Rs 3,214 crore has been made because the state authorities is dedicated to elevating the canal water facility.

Badal proposed a income deficit of Rs 8,622 crore and a fiscal deficit of Rs 24,240 crore for the subsequent fiscal.

On excellent debt place, Badal stated the debt is probably going to be Rs 2,73,703 crore by the top of March 2022 as in opposition to Rs 252,880 crore for March 2021.

He stated he tried to restrict borrowings to the extent of Four per cent of the gross state home product.

Badal slammed the Centre over the farm legal guidelines and stated he devoted this budget to the farmers of India and salute their inspirational battle that’s already on its means to buying legendary standing.

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