Budget (2014-15) Highlights

KL Report

JAMMU

Total expenditure `Rs  43543 crore.

Capital Expenditure `  Rs 10595 crore.

Total receipts ` Rs 43543 crore.

Revenue Receipts ` Rs 39221 crore.

Capital Receipts ` Rs 4322 crore.

Own Tax Revenue estimated at `Rs 7496 crore.

Share of Central Taxes up at `Rs 5191 crore as against figure of ` Rs  4514 crore in Revised Estimates 2013-14.

Central Non Plan Grant down to Rs  2096 crore as against Rs 2881 crore in 2013-14.

Revenue Expenditure (RE) including Security Related Expenditure (SRE) to touch ` Rs 32948 crore.

Capital Expenditure (CAPEX) accounts for ` Rs 10595 crore.

Non Plan Revenue Expenditure (NPRE) consumes ` Rs 29553 crore, of which ` Rs  3470 crore on interest payment.

The Non-Plan Salaries and Pensions at ` Rs  18445 crore constitute 62.4% of total non plan revenue expenditure.

Non Plan Capital Expenditure (NPCE) of the order of ` Rs  2090 crore, of which ` 1297 crore for loan repayment.

Annual Plan size : Rs   11300 crore.

PMRP at ` Rs  600 crore.

Plan Revenue Expenditure (PRE) estimates at Rs ` 3395 crore. Plan Capital Expenditure (PCE) including PMRP : Rs  ` 8505 crore.

1 Rs ` 273 crore to be devolved to PRIs under 13th FC grants. Earmarked provision of ` Rs  700 crore for DA to employees and pensioners.

Rs ` 100 crore provision in 2014-15 for 10% Employer’s share under New Pension Scheme introduced from January, 2010.

A provision of ` Rs 20 crore for meeting cost of VRS/GHS in PSUs under Non-Plan.

Starting with fiscal 2007-08, amount of ` Rs 4 crore is being provided every year for settling outstanding of JAKFED towards JCCB crystallized at Rs  80 crore, ` Rs 4.00 crore provisioned for 2014-15 as well.

` Rs 47.50 crore for clearing statutory liabilities of corporations during next year.

Grant-in-aid (financial devolution) in respect of Local Bodies is estimated to go up from ` Rs 306 crore to ` Rs 383 crore .

Super Specialty Hospital, Jammu commissioned. ` Rs  2.8 crore has been provisioned for Super Specialty Hospital Jammu for current year and `  Rs 5.8 crore for next year.

Social Infrastructure

Plan provision of ` Rs 321.40 crore proposed for Agriculture & Allied Departments including Animal & Sheep Husbandry, Floriculture and Cooperative.

Plan provision of ` Rs  179.74 crore for Irrigation, Flood Control & PHE Sector.

Plan provision of ` Rs  106.20 crore for Tourism Sector.

Plan provision of ` Rs 179.82 crore proposed for industries sector including Labour & Employment.

Education and Health Sectors to receive allocations of ` Rs  734.66 crore and ` Rs  310.45 crore respectively under Plan.

2. Proposed allocation of ` Rs 332.34 crore for Social Welfare Sector under Plan.

Proposed Plan Allocation for Power Sector ` Rs 396.21 crore.

PWD (R&B) Sector proposed to receive Rs ` 525.28 crore under Plan.

Housing & Urban Development Sector proposed to receive Rs  ` 423.62 crore under Plan.

Provision of ` Rs  484.42 crore for SSA & ` Rs  135.30 crore for RMSA.

Plan provision of ` Rs  50.00 crore for Jammu, ` Rs  25.00 crore for Leh and ` 25.00 crore for Kargil regions.

Rs  2053.51 crore allocation for District Plans.

Provision of ` Rs  10.00 crore for critical needs of bad pockets. Provision of ` Rs  148.00 crore for Border Area Development Programme.

Provision of `  Rs  46.00 crore for Honorarium to Sarpanches & Panches.

Youth initiatives

VSA to 50647 youth (` 22.39 crore disbursed).

Allocation of ` Rs  120.00 crore proposed for meeting requirements of Seed Capital Fund, Youth Start-up Loan Scheme, Women Entrepreneurs and VSA.

Other Initiatives:

Insurance Scheme for Sarpanchs/Panches in place at premium of `  Rs  63.44 lakh.

AP for 14-15 will subsume CSS (rationalised to 66 schemes)

Rs  20 crore provision for creation of additional 1000 Anganwadi Centers in a phased manner.

Rs  25.00 crore for regularisation of Rehbar-e-Zirat.

Provision of ` Rs  3.00 crore for marriage of orphan girls belonging to a BPL family.

3. PSE loans and interest accrued thereon so far (more than ` Rs 2000 crore) to be converted into grant in aid/written off.

Plan loans to be converted into Equity on case to case basis.

Beti Anmol benefit to be increased from ` 5000 to ` 10000 and its coverage extended to all Blocks.

Tourism incentive package expiring on 31st December, 2014 to be extended upto March, 2015.

Increasing the Stamp Duty exemption on KCC loans from ` Rs1.50 lakh to Rs 3 lakh, also on Artiisan Credit Cards.

VAT remission for industry to continue for another year.

Cashless system of VAT remission on purchases of raw material made from SICOP adopted from the next year.

Hotel Tariff Tax exemption to continue up to March, 2015.

VAT exemption on atta, maida, besan etc to continue upto March, 2015. Toll and VAT exemption on hand pump.

VAT exemption on ‘bee wax’ VAT exemption on ‘oil cake’ VAT exemption on bone meal.

Toll exemption on ‘tootee basmati export’

Toll exemption on import of husks of pulses and bran. Toll exemption on weight containers.

VAT on shawls reduced to 5%.

Audit limit of turn over for filing of VAT Returns from ` Rs 60 lakh to Rs ` 100 lakh.

Threshold of ` Rs 7.5 lakh increased to ` 10 lakh. TOT limit increased to ` Rs 25 lakh.

Rs 2 crore for pilot initiative for micro irrigation.

War Veterans to get ` Rs 3000 per month instead of ` Rs 1500 per month;

Rs 1.40 crore for HIV/AIDS cases.

Rs ` 2 crore for the Cancer Treatment and Management Fund.

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