Budget Highlights

Budget Highlights
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Minimum wages of unskilled workers raised from Rs 150 to Rs 225, those of skilled labour to Rs 350 from Rs 225
7th Pay Commission Recommendations to be implemented from April 1, effective from 1st January, 2016
1 per cent Dearness Allowance to employees from 1st July, 2017
Corpus fund of Rs 12,000 crore for making timely GPF payments to government employees
Enhancement of Deposit Linked Insurance of GP Fund from Rs 10 lakh to Rs 50 lakh
30 lakh govt employees including pensioners, along with 5 family members, to be covered under enhanced Group Mediclaim Insurance Policy
Accredited journalists to be covered under Mediclaim Group Insurance Scheme
Increase in Personal Accidental Insurance from Rs 5 lakh to Rs 10 lakh
Service age for entitlement to pension reduced to 20 years from 28 years
Unmarried daughter of retired employee entitled to pension
‘Ambit of regularisation’ widened from 60,000 employees to 1,09,000
CM’s Debit Relief Scheme to pay one-third of loan to compensate losses due to 2014 floods
Rs 255 crore for re-capitalising cooperative banks and then turning them into Panchayat Banks
Rs 5 crore each for Handicraft Development and Handloom Development Corporations
Liabilities of SRTC to be cleared off, to be showcased for a public-private partnership
One time waiver of Rs 147.23 lakh on soft loans to houseboat owners
Interest and penalty on power arrears owed to Govt by industrialists, hoteliers and tourist resort owners to be waived
Freight subsidy to industrial units
Every transgender to be treated as living under BPL unless indicated otherwise
Free life and medical insurance cover and monthly sustenance pension for transgender
Capital infusion of Rs 255 crore in Anantnag, Baramulla and Jammu Central Cooperative Banks
Disaster Mitigation Fund with an initial corpus of Rs 10 crore
Proposal to bring electricity under the ambit of GST
Abolishment of toll on vegetables, medicines, sugar, salt, tea, soaps/detergents, sanitary items, water coconut, wheat seeds, tree spray oil, newsprint, jaggery (Gur)
Abolition of basic toll on all non-commercial, private light motor vehicles
Abolition of toll on export of all types of fruits produced within the state

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