Narendra Modi govt presents interim Budget without new tax, benefits

Written by PTI | Gandhinagar | Updated: Feb 21 2014, 22:07pm hrs
Narendra ModiNarendra Modi govt presents Interim Budget 2014, without levying any new tax or giving any benefits to people.
The Gujarat government today presented vote-on-account of Rs 40,000 crore for the first four months of financial year 2014-15, without levying any new tax or giving any benefits to the people.

The Interim Budget speech delivered by Finance Minister Nitin Patel highlighted achievements of the last 13 years of the BJP rule in the state under the PM nominee Narendra Modi, comparing that with the performance of the Centre ahead of the Lok Sabha elections.

The state government is presenting vote-on-account budget with interim plan allocation of Rs 40,000 crore for April to July 2014, due to the impending polls, Finance Minister Nitin Patel said.

The state government did not propose any new tax or give relief from taxes on any front.

"The budget does not include new items or services. The vote on account has provisions for expenditure of recurrent nature and existing plan schemes," Patel said, adding that all the new schemes will be included in the full budget that is to be presented after the elections.

Patel presented a detailed account of works done under Modi government in the last decade "to make Gujarat a progressive state".

"In the last decade our government has been presenting annual budgets under the leadership of Chief Minister Narendra Modi and through the budget that we have been able to implement our vision for speedy and inclusive development of the state," he said.

"The GSDP at the 2004-05 prices of Gujarat has increased annually at the rate of 10.17 per cent, which is highest among the large states in the country. During the same period, the national annual average growth rate was 7.8 per cent," he added.

"The per capita income in the country was Rs 67,839 in 2012-13 whereas it was much higher at Rs 96,976 in Gujarat. More so, between 2011-12 and 2012-13, while the per capita income in the country has increased at the rate of 9.7 per cent, it has grown at the rate of 11.2 per cent," Patel said.

"Gujarat's contribution to country's GDP, which was 5.8 per cent in 2000-01, has increased to 7.32 per cent in 2011-12. Thus Gujarat has become India's growth engine," he claimed.

The budget went on to list the achievements of the state government vis-a-vis Centre in areas such as agriculture, skill development, industrial growth, tourism and other sectors listing the national and international awards given by Centre and others for various state schemes.

After the budget, Chief Minister Narendra Modi said, "Gujarat's healthy economic condition has strengthen the country's economy."