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| BUDGET 2012-13 | | (Highlights) | |  OUTSTANDING ACHIEVEMENTS:
ØFiscal Deficit in 2010-11 at 4.3% of GSDP against a target of 5.3% fixed by 13th Finance Commission.
ØTax Revenue Collection in 2011-12 to touch ` 4800 crore; a 38% growth over the previous year.
ØCollections under Commercial Taxes alone up by ` 1057 crore; improvement of 42%.
ØGSDP in 2011-12 at 6.8% as compared to 6.9% at national level.
WELFARE INITIATIVES:
Ø130 crore for return and rehabilitation of Kashmiri migrants.
ØProvision of ` 46 crore for completion of two room tenements for Kashmiri migrants under PMRP.
Ø8 crore set apart for migrants' group mediclaim insurance.
Ø90 crore for Sher-e-Kashmir Employment & Welfare Programme for the Youth.
ØProvision of 26 crore to meet cost of VR/GHS in PSUs.
Ø21 crore for welfare of Scheduled Castes and OBCs.
ØRehbar-e-Talim to get uniform remuneration of 3000/- per month from 1st April, 2012.
ØRemuneration of Nambardars and Chowkidars enhanced to ` 751/- and ` 750/- per month from 1st April, 2012.
Ø40 crore under Tribal Sub-Plan.
ØA provision of 18 crore for welfare of Gujjars & Bakerwals.
Ø16 crore for welfare for Pahari Speaking people.
Ø49 crore under Rashtriya Shram Vikas Yojana.
CHILD & WOMAN EMPOWERMENT:
Ø5 crore provision for 'Beti- Anmol' scheme.
Ø10 crore for empowering skilled young women.
Ø16 crore for training of women in Handicrafts and Handlooms trade.
ØHousewives not to pay VAT on domestic cooking gas.
ØGirl students in 97 Educationally Backward Blocks belonging to BPL families exempt from making contribution to local funds of the concerned Govt. Higher Secondary Schools.
ØWoman candidates belonging to BPL families seeking Govt. jobs exempt from payment of application fee and/or examination fee to Govt. Recruitment Agencies.
INITIATIVES IN AGRICULTURE SECTOR:
ØExemption from levy of VAT on all types of chemical fertilizers, biofertilizers and micro - nutrients.
ØFungicides also exempt from levy of VAT.
ØInsurance services covering agriculture, horticulture crops exempt from service tax.
ØInsurance services providing cover to cattle wealth, poultry, birds, fish, sheep, goat and dairy units also exempt from service tax.
Ø721 crore for expanding irrigation network in the State.
ØInvestment of ` 343 crore in Agriculture Sector for improving seed replacement rate, farm mechanization, post harvest management and marketing facilitation of fruit, vegetable, commercial floriculture and sericulture produce.
PRIs EMPOWERMENT:
ØDevolution of ` 195 crore under 13th Finance Commission, ` 53 crore under State Plan and ` 5 crore under Non-Plan to PRIs. Total availability of about ` 1531 crore for PRIs including funding under various Central Schemes.
ØEarmarked provision under Thirteenth Finance Commission and MGNREGA to address accommodation deficit of Panchayat Ghars.
INCENTIVES FOR TOURISM SECTOR:
ØList of areas and locations qualifying for incentives under 'Tourism Package' liberalized and expanded.
Ø30% capital outright investment subsidy on fixed assets created by new investments subject to a maximum of ` 30 lakh.
ØCapital investment subsidy limit raised to `100 lakh in case of prestigious units investing `25 crore or more.
ØAddition of minimum one third of existing bed capacity by units to also qualify for capital subsidy.
ØFull reimbursement of cost of preparation of DPRs.
ØStamp duty remission on mortgages to the extent of 50,000/-.
ØInsurance cover cost subsidized upto 60%.
ØCost of DG Sets subsidized upto 75%.
ØPaying Guest Houses eligible for 40% Capital Subsidy.
Ø50% subsidy on equipment for adventure tourism, kitchen and related appliances.
Ø50% subsidy also on tourist coaches, air-conditioning, office automation.
ØReimbursement of 50% cost incurred on Managerial training.
OTHER SALIENT FEATURES:
ØEstimates of Total Receipts (TR) - 33853 crore.
ØEstimates of Total Expenditure (TE) also at 33853 crore.
ØRevenue Expenditure (RE) including Security Related Expenditure (SRE) - 24990 crore, Capital Expenditure (CAPEX) - 8863 crore.
ØNon Plan Revenue Expenditure (NPRE) consumes 23548 crore.
ØExpenditure on salaries and pensions gallops to 16140 crore.
ØA provision of ` 903 crore to disburse second installment of Pay/Pension revision arrears.
ØAnnual Plan 2012-13: 7300 crore. PMRP at 700 crore.
ØPlan Revenue Expenditure (PRE) estimates at 1412 crore. Plan Capital Expenditure (PCE) 6588 crore.
ØState share of `1000 crore in Plan to access over ` 2500 crore funding under CSS and various flagship programmes.
Ø50 crore provision in 2012-13 for 10% Employer's share under New Pension Scheme introduced from January, 2010.
Ø658 crore provision for Urban Local Bodies, Universities and other autonomous bodies / institutions for supplementing their revenue expenditure requirements.
ØFurther 2 crore contribution to the corpus of Cancer Treatment and Management Fund.
ØGrowth target of 7.5% for 2012-13. AUSTERITY MEASURES to be continued during 2012-13. |
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