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Haryana’s record budget has no new taxes

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Chandigarh, March 9 (IANS) With a record budget pegged at Rs 115,198.29 crore, Haryana’s Finance Minister Abhimanyu proposed no new taxes in the annual budget for 2018-19. The budget was presented in the state assembly on Friday during the ongoing Budget Session.

The Finance Minister announced reduction on VAT (value added tax) on natural gas used by industry from 12.5 per cent to 6 per cent.

The per capita income of the state at current prices in 2016-17 was estimated at Rs 178,890 which is likely to further increase to Rs 196,982 in 2017-18 as compared to the all-India figure of Rs 1,12,764 making it one of the highest in the country, said Abhimanyu as he presented his fourth budget.

He said that the budget represents an increase of 12.6 per cent over the ‘Swaran Jayanti Year’ Budget of Rs 1,02,329.35 crore last year (2017-18) and 14.4 per cent over RE (revised estimates) 2017-18 of Rs 1,00,739.38 crore.

The budget outlay comprises 26.1 per cent as capital expenditure of Rs 30,012 crore, and 73.9 per cent as revenue expenditure of Rs 85,187 crore.

Riding the crest of better realisation of both tax and non-tax receipts, the Finance Minister has estimated revenue receipts at Rs 76,933.02 crore, including the state’s own tax receipt of Rs 49,131.74 crore, and non tax-revenue of Rs 11,302.66 crore.

The major sources of tax revenue are GST Rs 23,760 crore, VAT Rs 11,440 crore, Excise Duty Rs 6,000 crore and Stamp and Registration Rs 4,500 crore.

Referring to the share of budgetary allocations to different sectors in fiscal 2018-19, he said these had been hiked in most cases.

About 28.7 per cent of the total budget has been allocated to economic services like agriculture and allied, irrigation and rural electrification subsidy 12.22 per cent, power 5.87 per cent, transport, civil aviation, road and bridges 4.73 per cent, rural development and panchayats 3.76 per cent and others 2.12 per cent.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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