18 MARCH 2011 HERALD PUBLICATION PVT LTD

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H

O HERALD O

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IT’S A GROWTH-ORIENTED BUDGET, SAYS CM...BUT SOME GIVE IT A SLEEP

Photos by Rozario Estibeiro

BUDGET DOES A POLL VAULT Schemes aplenty Goodies for Education & Tourism l

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Big relief for Health, Social Welfare & Mining-affected

With an eye on Assembly elections slated for next year, Chief Minister Digambar Kamat on Thursday presented a populist State budget for 2011-12. The please-all budget, which saw series of schemes and incentives offered, has projected total estimated receipts and total gross expenditure for the year 2011-12 placed at Rs 6698.31 crore and Rs 8022.19 crore respectively. Team Herald highlights the key budget proposals.

Taxation

Water tariff increased for large scale users. Upto use of 25m3 the rate is unchanged at Rs 2.5 per m3. l VAT on tobacco products including cigar and cigarettes increased from 12.5 per cent to 20 per cent. l Infrastructure tax on purchase/ construction of independent bungalow houses in gated communities or housing complexes and flats in apartments. Bungalows above Rs 1 crore will pay 1 per cent tax and above Rs 2 crore will pay 2 per cent of cost. l Tax on purchase of new luxury cars. Rs 10-20 lakh cars – Rs 10,000; Rs 20-40 lakh – Rs 30,000; Rs 40-60 lakh – Rs 50,000; Rs 60 lakh and above – Rs 1 lakh. l Excise duty on liquor including beer increased. l Licence fees for late night bars and restaurants hiked. l

O N PA G E 2

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Kamat assures to modify ‘Gomant Bal Rath’. GCCI describes budget development-oriented. Parrikar says it lacks any substance. Budget points to deficit.

2 per cent increase on VAT in aviation spirit, aviation turbine fuel, high speed diesel, oil, light diesel oil, motor/ spirit/ petrol. This will fetch government additional Rs 100 crore. l Road tax for vehicles enhanced by one per cent for individual as well as companies and institutions. l Co-operative housing societies to be covered under 2 per cent slab to rationalise stamp duty on conveyance of immovable property. l Cargo related charges at ports hiked. l Rate of composition fee increased from 4 per cent to 5 per cent for hotel restaurants, eating house – refreshment room, boarding establishment serving food and nonalcoholic beverages other than starred category of hotels. l The composition fee for shacks allotted by Tourism department is increased to Rs 10,000 per annum. l Tax on screening of tickets ratio-

HOW THE RUPEE GOES

nalised. Tickets upto Rs 50 will be exempted from entertainment tax. Tickets exceeding Rs 50 shall attract levy of 25 per cent.

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Education

Edunet scheme to be replaced with Laptop 11 scheme. Laptops to be provided to Std XI students with effect from the year 2010-11, this will benefit students who answered Std XI exams this year. Rs 46 crore provision made. l Smart class to be taken under pilot project. 100 schools and 25 higher secondary schools would be covered. Smart class is latest teaching technique with the help of digital technology. (Provision of Rs 2 crore made). l Goa Institute of Open Schooling to be set up for school drop outs. l Rs 2.8 crore for upgradation of infrastructure in Goa Board of Secondary and Higher Secondary. Additional grant of Rs 25 lakh per annum for the board for contingent l

WHAT GOES UP

HOW THE RUPEE COMES

expenditure. 100 per cent grant-in-aid for institutions in technical education. l Grade pay under Part B of VIth Pay Commission to be made applicable to various categories of school education teachers with effect from July 1, 2011. l Scholarships for students to take up higher education in science. The scheme is also open to science teachers. l One time grant of Rs 2 lakh to science laboratories and colleges and Rs 50,000 for higher secondary schools. l Research and technology park at Goa University. l Dayanand Bandodkar Scheme for l

Petrol, diesel Water tariff for large scale users Bungalows prices Cigarettes, Liquor Luxury cars Fees for late night bars Road tax Shack fee financial assistance to orphans for education upto post graduation. l Free higher education upto undergraduates and post graduate degree for SC/ST students. l Golden Jubilee Best Science Award to encourage Goans in field of science. l

Tourism

Helicopter services to be set up to promote tourism in state. Rs 75 lakh to be utilised for construc-

tion of heliports/helipads. Commencing sunset cruising from Panjim to Cortalim. l River Cruise in River Sal and beautifying both its banks and constructing leisure fishing points. l Financial assistance through EDC for residents to construct self contained rooms for tourist stay. l Beautification of Baina beach to be taken up. Rs 50 lakh provision for the purpose. l

Fishing

Respite for tradition fishermen with increase in subsidies on kerosene from present Rs 18,000 to Rs 30,000, on outboard motors from Rs 20,000 to Rs 40,000, on purchasing nets from Rs 8000 to Rs 20,000. (Provision of Rs 750 lakh) l Budgetary provision for the remaining compensation of Rs 50,000 to be paid to the kin of the fishermen who died in Cyclone Phyan. l

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Kanya dhaan!

Mining

Rs 500 crore to be spent in the mining affected areas in the next two years. To begin with a budgetary provision of Rs 100 crore made this year. (Continued on page 10)

HERALD REPORTER PANJIM, MARCH 17

The declining sex ratio is a major cause for concern for the State government, according to Chief Minister Digambar Kamat. Announcing a series of schemes for girls, Kamat said that the sex ratio had dipped to an all time low of 1000:961 and needed a multi-pronged corrective strategy to resolve the crisis early.

In view of the above, he said the government is “incentivising” the mother with financial assistance of Rs 5,000 immediately on the delivery of a girl child provided it is not her third child. Further, he said, under the chief minister girl child security scheme once a girl child is born a fixed deposit of Rs 25,000 will be automatically opened in her name to be withdrawn after attaining the age of 18 years. He further said that under the new scheme girl children would also be given free school uniforms, text books and educational aid as further incentives. Financial assistance under the Kanyadaan scheme will be increased to Rs 25,000 from existing Rs 15,000. A provision of Rs 56 crore is made for all above schemes, Kamat said.


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