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Zero deficit budget with no new tax

Patna, Feb 27 (UNI) Following are the highlights of the Bihar budget for 2007-08 presented by the Deputy Chief Minister Sushil Kumar Modi who also holds the finance portfolio, in the state Assembly today.

-In the full budget of Rs 33257.08 crores no new tax has been imposed.

-State plan increased by 23.6 per cent and Rs 10200 crore earmarked for the planned expenditures.

-Own resources increased to 29 per cent from 8 per cent.

-Borrowing slashed down to 36 per cent from 58 per cent.

-Central assistance remains same as 34 per cent.

-Revenue expenditure controlled.

-There will be revenue surplus of Rs 3483 crore in 2007-08.

-Capital expenditure increased by 11 per cent from the year 2006-07.

-Fiscal deficit in 2007-08 is limited to 4.21 per cent.

-In the planned outlay Rs 1661 crore earmarked for Road construction department.

-Rs 1471 crore for Rural Roads.

-Rs 1335 crore for Irrigation.

-Rs 1013 crore for Rural Development.

-Rs 835 crore for Energy.

-Rs 726 crore for Urban Development.

-Rs 635 crore for Planning and Development .

-Rs 407 crore for Labour and Employment.

-Rs 366 crore for Social Welfare.

-Rs 340 crore for Industry.

-Rs 204 crore for PHED.

-Rs 294 crore for Education.

-Rs 133 crore for Welfare.

-Rs 115 crore for Agriculture.

-Rs 138 crore for Health.

-Rs 43 crore for Home.

-Rs 40 crore for Animal Husbandry.

The non plan Outlays for major sectors are- -For Education the non planned expenditure has been proposed up to Rs 4583 crore in 2007-08, whereas it was Rs 4192 crore in 2006-07 -For Health Rs 989 crore had been proposed under non plan outlay in 2007-08, whereas it was 898 crore in 2006-07 -For Roads the amout is Rs 400 crore in 2007-08, whereas Rs 320 crore was put under the head in 2006-07.

UNI

NE expects better industrial policy

Guwahati, Feb 27 (UNI) Asom Industries and Commerce Ministry has urged the Centre to frame a better industrial policy for the northeastern region, after the existing one expires on March 31. The State Industries and Commerce Minister Pradyut Bardoloi today told the Asom Assembly that he has submitted a memorandum to the Centre in this connection, with a focus on medium and big industries. In reply to a Zero Hour motion brought by AGP-P legislator Prafulla Kumar Mahanta, Mr Bardoloi informed.....

Syndicate Bank opens two million new accounts this year

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Industrial growth of 10 pc 'achievable'; power only drag: Survey

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