Published On : Sat, Mar 18th, 2017

Nagpur Airport to be developed as world class. Rs 710 crore for metro projects in Nagpur, Mumbai, and Pune.


Nagpur:
Maharashtra Finance Minister Sudhir Mungantiwar on Saturday (March 18) presented the farmer centric, development-oriented Tax Free and Rs 4511 crore deficit Budget for 2017-18. The Minister completed his over 2 hour Budget speech amidst Opposition ruckus and demand of loan waiver for farmers.

The highlights of the Budget: 

  • No proposal to increase any taxes.
  • GST to be implemented from July 1
  • GST Taxes to be at the rate of 0, 5, 12, 18, 28.
  • Rs 4511 crore deficit.
  • Nagpur Airport to be developed as world class
  • Rs 710 crore for metro projects in Nagpur, Mumbai, and Pune.
  • Rs 100 crore for further development of MIHAN Project.
  • Rs 1000 crores will be provided for a subsidy of power tariffs to encourage industrial units in Vidarbha and Marathwada and Rs 60 crores will be provided to increase the productivity of MSMEs.
  • Rs 80 crore for tourism development at Pench, Nagzira, Navegaon Tiger Projects.
  • Rs 5 crore for natural disaster management training at Chandrapur.
  • Rs 43 crore for installation of latest machinery for three-pronged cancer diagnosis
  • CT Scan machines to be available in 31 hospitals with provision of Rs 77.50 crore.
  • 50 lakh houses to be constructed in urban areas under PM’s Housing for All Scheme
  • Rs 1600 crore for development of seven cities as Smart Cities.
  • Stress on construction of Green buildings for conservation of water and electricity
  • Rs 200 crore for starting a military school in Chandrapur.
  • Only one number “Dial 112” for Police, Ambulance, and Fire Brigade.
  • Rs 325 crore for police housing
  • Rs 38.86 crore for curbing road accidents
  • CCTVs to be installed in Amravati and Chandrapur
  • Public distribution system to be made cashless.
  • Under Swacch Bharat Mission, the State will be made free from open-defecation by March 2018. Rs 545.66 crore has been allotted for the same.

To be cost more:

  • Indian Made Foreign Liquor as well as country liquor.
  • Online, Paper Lottery to cost more as taxes increased.

To be cheaper:

  • Swipe machines as taxes removed
  • Milk Testing Kits
  • Taxes at smaller airports to be lowered
  • Sugarcane purchase tax to be waived
  • Zero tax on electric and gas crematoriums.
  • Essential goods – Rice, wheat, pulses, turmeric, chilli, other spices till the implementation of GST.