Akhilesh presents his maiden budget, no new taxes

As per the expectation of the people of state, Uttar Pradesh chief minister Akhilesh Singh presented his first maiden budget in which there are no taxes. He presented budget for 2012-13 amid the uproar of main opposition party BSP that members walk out from the assembly. Akhilesh has termed his budget, as it will be fulfill all public aspirations.

The budget has projected a deficit of Rs.21, 570.26 crore and pegged total receipts at Rs.1, 94,327.28 crore. Besides, a provision of Rs.1, 100 crore has been made for disbursement of unemployment allowance to the unemployed aged between 30 to 40 years.

The budget has earmarked Rs.2, 721.24 crore for providing free laptops and tablets to high school and intermediate-pass students.

Chief minister has announced many new schemes for almost all the group of people. He announced a provision of Rs. 5oo crore to waive off loans to farmers.

Chief minister also announced the Kanya Vidyadhan scheme, which was discontinued by the provisions of BSP government, and Rs. 446 cr have been marked for the scheme.

A provision of Rs.350 crore for the Kisan Accident Insurance Scheme has been made in the budget and adequate arrangements for resources to meet the increased size of the budget. This includes 22 percent increase in the state's tax revenue as compared to last year.

The year 2012-13 being the first year of the 12th Five-Year Plan, the present budget includes 280 new schemes worth Rs.13, 650.36 crore.

A provision of Rs.23, 591.72 crore for development and strengthening infrastructure schemes has been made in the 2012-13 budget, which is seven percent more than the previous year.

(With inputs from IANS)