Current Affairs PDF

State Budget of Chhattisgarh presented

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

Chhattisgarh Chief Minister Raman Singh presented the State Budget for the fiscal year 2016-17.

Main focus

  • More budget allocation to drought affected Agriculture sectorChhattisgarh
  • Announcements to the Maoists affected Bastar Region

Flash points

  • Annual development plans at 70058 crores
  • Estimated Gross State Domestic Product at 6 %

Pillars of development

  • Infrastructure: 6101 crores for development of 13000 km roads, development of 786 rail routes with PPP model, to develop Jagdalpur & Raigarh airstrips as Airports
  • Social sector: Cover under Mukhya Mantri Swasthya Bima Yojana increased to 50000, Mukhya Mantri Amrit Yojana introduced to provide flavoured milk to improve the nutrition of children.
  • Agriculture : 200 Crores for Pratan Mantri Fasal Bhima Yojana,fund allocation increased from 173 to 2189 crores for irrigation projects
  • Tax concessions: VAT on mobile phones reduced from 14% to 5%

Points to know

  • Fiscal deficit-88%
  • The state’s overall debt- to- GSDP ratio is the lowest among all states
  • It has the Highest ratio of developmental expenditure to GSDP in the country