Current Affairs PDF Sales

Sikkim Assembly passes a budget of Rs 9,100 crores for FY21

AffairsCloud YouTube Channel - Click Here

Sikkim Assembly passes budget for FY21The Sikkim Legislative Assembly with a 32-member state legislature passed the budget of Rs 9,100 crores for fiscal 2020-21 comprising Rs. 7343.60 as revenue expenditure, and Rs. 1756.40 as capital expenditure in the 2nd Session of 10th Assembly (Budget Session 2020-21) on March 24.

Bills passed by the assembly

i.The appropriation bill, authorising the state to withdraw budgetary funds from Sikkim’s consolidated fund & the 2nd  supplementary demands for grant of Rs 216 crores to meet additional expenditure in 2019-20.

ii.The Sikkim Protection of Interests of Depositors (In Financial Establishments) Amendment Bill, Bill No.2 of 2020- To amend Sections 2, 3, 14, 17 and 18 of the Sikkim Protection of Interests of Depositors (In Financial Establishments) Act, 2009.

iii.The Sikkim Legislative Assembly Members (Removal of Disqualifications) Amendment Bill, Bill No.1 of 2020- To include offices which were not included in the earlier amendment of Sikkim Legislative Assembly Members (Removal of Disqualifications) Act, 1978. This Bill will replace the(Ordinance by an Act of the Legislature as required under Article 213 (2) (a) of the Constitution of India.

iv.The Sikkim Fiscal Responsibility and Budget Management (Amendment) Bill, Bill No.5 of 2020-  to amend the Sikkim Fiscal Responsibility and Budget Management Act, 2010 considering the Government of India’s decision to allow the state to borrow additional debt once in the year 2019-20, to offset the financial crisis due to the shortfall in the actual receipt of Share of Central Taxes.

v.The Sikkim Panchayat (Amendment) Bill, Bill No. 7 of 2020- to amend sections 18, 29, 66 and129 of the Sikkim Panchayat Act, 1993 & section 129 was omitted by the Sikkim Panchayat (Amendment) Act, 1997

vi.The Sikkim Goods and Services Tax (Amendment) Bill, Bill No. 6 of 2020, The Sikkim State University (Amendment) Bill, Bill No. 8 of 2020 & The Vinayaka Missions Sikkim University (Amendment) Bill, Bill No. 9 of 2020.

vii.This is the 1st time in the Sikkim Assembly where media personnel were barred from covering live proceedings of the House due to the coronavirus pandemic.

About Sikkim:
Capital– Gangtok
Chief Minister (CM)– Prem Singh Tamang (Golay)
Governor– Ganga Prasad