Reducing government workers’ retirement age from 60 to 58, free education for all understudies up to Class 12 and an obligation waiver for landless ranchers were a portion of the significant declarations made by Punjab Finance Minister Manpreet Singh Badal in the 2020-21 spending plan on Friday.
Mr Badal on Friday displayed Rs 1,54,805 crore budget plan in the state Assembly.
Ruling against levying any crisp taxes, Mr Badal likewise reported a waiver of Change of Land Use (CLU) charges for a long time for new enterprises coming up, outside metropolitan breaking points and cut “mandi” expense on vegetables from 4 to 1 percent.
The monetary allowance reserved Rs 100 crore for giving 10 lakh free cell phones to the youth, which was one of the primary survey guarantees of the ruling Congress.
The conveyance of cell phones, in any case, has been stopped due to the coronavirus flare-up in China, Badal said in his budget speech.
“We expect the conveyance of cell phones to begin from April 2020 onwards,” he said.
Declaring that the state’s accounts were “back on track”, Mr Badal said the state has arrived at a point where there is no financial gap in 2020-21 as a result of the administration’s supported endeavors to bring in fiscal prudence.
In a significant declaration, Mr Badal said the retirement period of government representatives has been decreased from 60 to 58.
“With this, we will have the option to give work to three to multiple times the quantity of individuals who resign. We will likewise have the option to get progressively skilled pool of youngsters to serve Punjab,” he later told correspondents.
He said the quantity of representatives who will be influenced by this move was yet to be worked out and that the choice will be actualized in two stages.
“The individuals who have turned 59 will resign on March 31 this year and the individuals who are 58 will resign from September 30,” he included.
Right now, 3.50 lakh government representatives are working in the state divisions and the whittling down rate is 5 to 9 percent.
When asked about the budgetary ramifications, Mr Badal said he was expecting financial outgo because of lessening the retirement age would be Rs 3,500 crore.
Distributing Rs 12,488 crore for advancement of schools and advanced education, the minister declared free education for all understudies in government schools up to Class 12.
At present, education is free for all understudies up to Class 8 and it is free up to Class 12 just for girls.
Free transportation office for elementary schools understudies will likewise be given and to this Rs 10 crore has been dispensed, Badal said.
He additionally reported to reserve Rs 4,000 crore in the spending limit for the sixth Pay Commission which is relied upon to submit proposals sooner rather than later.
He further declared installment of 6 percent Dearness Allowance overdue debts to workers one month from now which would include budgetary outgo of Rs 1,000 crore.
The administration workers have been seeking release of their pending DA.
Badal additionally reported distribution of Rs 2,000 crore including Rs 520 crore particularly for deferring credits of landless ranch laborers under its lead program of harvest advance waiver plot.
The legislature has just postponed crop advances of all little and negligible ranchers (up to 5 sections of land) who have advances of up to Rs 2 lakh.
Afterward, Badal likewise said that the compensation to the families of ranchers who committed suicide would be guaranteed within 60 days.
The assignment with the expectation of complementary force appropriation for ranchers has been kept at Rs 8,275 crore for 2020-21, he said.
In another significant declaration, the minister said under the new assessment policy of the excise and tax collection office, the quantity of pending and old VAT evaluation cases would descend from 1.24 lakh to around 30,000.
In the financial limit, Badal proposed income receipts of Rs 88,004 crore and income consumption of Rs 95,716 crore for 2020-21.
He further said the income shortage for 2020-21 will be Rs 7,712 crore (1.20 percent of GSDP) and the financial shortfall will be Rs 18,828 crore (2.92 percent of GSDP).
He additionally anticipated extraordinary obligation of Rs 2,48,236 crore for 2020-21 as against 2019-20 reconsidered appraisals of Rs 2,28,906 crore.
While Chief Minister Amarinder Singh commended the financial limit, the Opposition named it “visionless and aimless”.
“With his cutting edge spending projections, the money serve set out a dynamic guide that will diagram the path for the state’s all encompassing development and advancement, with all segments of the general public set to be profited,” said Amarinder Singh in a statement here.
BJP national secretary Tarun Chugh said the budget is “only a record of trickery” and a “U-turn” on the guarantees made by the Congress party in 2017 .
Shiromani Akali Dal pioneer and former minister Bikram Singh Majithia portrayed the spending limit as a “fake” on the individuals of Punjab.
In a statement here, he said the figures had been “fudged” to paint a blushing picture even as Punjab was enduring because of “insufficiency and mismanagement” of the state’s funds by Badal.
Badal additionally proposed capital consumption of Rs 10,280 crore.
He said the state would get a higher offer from the focal assessments as it has been proposed by the fifteenth Finance Commission.
He said the state government proposes to set up two horticulture universities at Gurdaspur and Balachaur.