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| Prof Gupta describes budget figures misleading, illusory | | | Early Times Report
Jammu, Feb 13: In his first reaction over the Budget presented in State Assembly today, Prof. Chaman Lal Gupta described the Budget figures as misleading, illusory and do not reflect the factual poor fiscal of the state.
Commenting upon the Budget speech of the Finance Minister, A. R. Rather, Prof. Gupta said an effort has been made to present a rosy picture keeping in view the coming elections and the Budget being last one of this Government.
He said that much of the spending of the State depends upon the grants and other receipts from the Centre, and this dependence is mounting even after receiving thousands of crores from the Centre. This sad situation has obviously arisen but for faulty planning, squandering of funds collected from poor Indian exchequer, Prof. Gupta regretted that the State has failed to generate its own resources even to meet the expenditure on the salaries and pensions of the State Staff.
Moreover, the only major sources of State own revenue still remains the Sales Tax followed by Excise deptts.
He deplored the collection of revenue from the Sales of liquor and that too, from Jammu areas still continue to gallop. Prof. Gupta assailed the Budget proposals for paying little attention to mitigate the problems of several sections of the society including the workers and labourers, ex-serviceman, highly educated youths, refugees, migrants and others.
The coming to a halt the developmental activities because of paucity of funds also exposes the claims of improvement of State finances. |
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