‘Provides major relief to horticulture, agriculture, small scale industries’
SRINAGAR: Vice President Peoples Democratic Party (PDP) Mohammad Sartaj Madni has described budget 2018, a “welfare document” providing relief to one and all.
Madni appreciated the Finance Minister Haseeb A Drabu for his “pro-people” initiative and said the budget proposal comes as a “good news” to state’s larger majority, an official handout read.
He said, “The proposals include innovative measures and judicious distribution of resources for all sections of society.” There are some historical steps like getting relief to labour class, women, youth and employees of the state, the handout read.
“This budget should become a landmark for overall development of the state and its components,” he said.
The glaring parts of the budget are the “systematic reforms which are bound to bring financial stability and growth to the state”, it further read.
The proposals for revival of indigenous resources, through well-managed allocations, speak about the efficiency to utilise the resources for public good, Madni said.
He said, “The state is now free from liabilities, fiscal deficit and unnecessary tax burdens for the first time there is surplus of 1300 crores and no resource gap.” Ten thousand crore tax revenue for the year is an achievement, he added.
The hike in wages of working class from Rs. 150 to 225, for skilled labour from Rs. 225 to 350 and above all social security net for construction workers under “Muhafiz Scheme” have ended woes of deprived and marginalised workers.
Madni said employees of all grades are virtual beneficiaries of the budget. “The employee-friendly measures include the commitment for recommendations of 7th Pay Commission, the corps of 1200 crores for GP fund, decrease from 28 years to 20 years of eligibility for pension, big relief to 30 lac people under medi-claim insurance policy and pension for unmarried daughters of employees besides innovations for further relief under manpower audit and end of stagnation,” he said.
PDP vice president said that the budget has fully taken care of the concerns of businessmen, traders, houseboat owners, taxi drivers, industrial unit holders and other sections who have suffered in unrest and floods of 2014.
“Chief minister’s business interest scheme introduced with 200 crore provision for debit relief or ‘power amnesty scheme’ providing amnesty from penalty and interest and ‘waiver’ for houseboat loans are generous measures that will help these sectors to come out of distress,” he added.
Similarly, waive off of passenger tax, group insurance for poor and marginalised also get relief extended to more people, the handout further read.
Madni said youth of the state will get immensely benefited from the budget with more relief and incentives to come to them, interest subversion of education loans, stamp duty exemptions for self help groups, 5000 scooties for college girls are some of the measures that will provide an incentive to potential youth for career making.
“Budget provides major relief to horticulture sector, agriculture, small scale industries as programmes like high density apple or products like walnut, willow, silk, handloom, handicraft are promised extensive support for sustenance and growth,” he added.