PUDUCHERRY: The Chairman of the Minister of Puducherry N Rangasamy, who holds a financial portfolio, presents the cost of a crore RS 9,924.41 tax-free on Thursday.
Resource allocation will be 1,200.44 crore rs under the Head of Capital and Rs 8,723.97 Crore under the head of income.
He said the tax on gasoline in the Puducherry and Karaikan regions would soon be reduced by 3% for the benefit of the community given the impact of the increase in gasoline prices.
This will reduce gasoline prices of Rs 2.43 per liter, said Rangasamy.
He said the government would release educational loans available by SC / ST students through Padco.
The government will launch an educational assistance scheme for SC / SC students to extend free education from class I to the college level of this fiscal year.
The government will also release plant loans available by farmers through cooperative banks.
He said the area had to mobilize the RS 6,190 budget from its own resources while it would receive Rs 1,729.77 Crore as a central aid.
The allocation in a sponsored scheme is centrally will become RS 320.23 Crore.
Territory must fulfill the remaining allocation of RS 1,684.41 Crore from open market loans and loans from central financial institutions.
Rangasamy shows that most financial resources will be used to meet committed expenditure.
The government will distribute Rs 2,140 Crore (21.56%) for salaries, Rs 1,050 Crore (10.58%) for retirement and RS 1,715 Crore (17.28%) for loan and interest payments and RS 1,591 Crore (16.03% ) For Power Purchases.
Other major expenses include ancient pensions and allied welfare measures of 1,290 crore (13%) and grants for public sector businesses, local agencies, cooperation institutions, and higher education institutions managed by the community of 1,243 crore (12.52 )%).
The total debt of the Union Puducherry area on March 31 this year reached Rs 9,334.78 Crore, which was 22.17% of GSDP (2020-21) well in the FRBM norm.
Rangasamy said the average growth rate of the GSDP of the United States established around 10% as to the average national growth of 7% to 8%.
He said the government had submitted a detailed project report to the Ministry of Human Resources Development for his approval for establishing a national planning and architecture school with the estimated cost of RS 334.3 Crore in the region.
He said the government also proposed to establish a 500 bed hospital in Gorimedu to treat various epidemic infections.
Praising the sacrifice of health care workers and the forefront of dealing with Covid-19, he said the government had given Rs 25 Crore in addition to this fiscal year to overcome the Covid-19 pandemic.
He said the government would hold an industrial investor conference on September 23 and 24 to attract more investments in Puducherry.
“We are a government that listens to the voices of the people and responds proactively.
I have sincerely tried this budget to give priority for poverty reduction, health, education, housing for poor water resource management, social-economic development SC / ST , fishermen, women, and children despite income constraints, “he said.