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    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.

     


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