Google Plus WEST BENGAL SCHOOL SERVICE COMMISSION: WEST BENGAL BUDGET 2012-2013: West Bengal Budget plan outlay higher - Indian Express

WEST BENGAL BUDGET 2012-2013: West Bengal Budget plan outlay higher - Indian Express

West Bengal Budget plan outlay higher - Indian Express:
The West Bengal government led by Chief Minister Mamata Banerjee today presented a higher plan outlay of Rs 23,371.44 crore in the Budget for 2012-13 whose size has been estimated at Rs 3,28,468 crore.

While presenting his maiden Budget in the Assembly today, Finance Minister Amit Mitra said that the plan outlay is 11.56 per cent higher than that of the last year.
The minister proposed to allocate an extra amount of Rs 200 crore through additional resource generation through the various tax proposals.
Value-added tax (VAT) rates on balloons have been withdrawn while that on paneer reduced from 13.5 per cent to four per cent.
For wooden boxes not covered in packing materials, VAT rates were reduced from 13.5 per cent to four per cent, and the same proposed for small units manufacturing kite sticks.
Items where VAT rates were increased from 13.5 per cent to 14.5 per cent are: cars costing over Rs 10 lakh, TV sets with MRP in excess of Rs 25,000, mobile phones with MRP higher than Rs 20,000, watches costing more than Rs 15,000 and ACs with capacity of more than one tonne.
The Budget also introduced an ad valorem duty on MRP in the country liquor segment. Cess of tea is withdrawn.
Proposals taken together would garner state tax revenue of Rs 31,222 crore during 2012-13.
Mitra said that through various policy measures announced in the Budget, there would be an additional creation of 10,11,183 jobs. He added that the estimated total deficit in the Budget is Rs 9 crore.

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