Bihar Budget 2018-19 Highlights: Bihar Deputy CM and Finance Minister Sushil Kumar Modi presented the Bihar Budget 2018 in the Assembly today (February 27). Bihar government presented Rs 1,76,000 crore Budget for the year 2018-19. The Budget allocates a massive amount of Rs 32,125 crores for the education sector.
Bihar Budget 2018-19 Highlights: Amidst continuous sloganeering by the Opposition, Bihar Deputy CM and Finance Minister Sushil Kumar Modi presented the Bihar Budget 2018 in the Assembly today (February 27). Bihar government presented Rs 1,76,000 crore Budget for the year 2018-19. The Budget allocates a massive amount of Rs 32,125 crores for the education sector. After the tabling of the Budget, Leader of Opposition launched a severe attack on the Nitish Kumar led state government and BJP led Central government. He accused Sushil Modi of corruption.
This is the Nitish Kumar-led JD(U)-BJP coalition government’s first budget after the much-debated break-up within the erstwhile Grand Alliance. Meanwhile, Bihar has clocked a growth rate of 10.3 per cent in 2016-2017 as against 7.5 per cent in the corresponding fiscal a year ago. The Economic Survey was tabled in the state Assembly. The economic survey has shown that Bihar’s growth rate is higher than that of the national average of 7.0 per cent.
Track Highlights of Bihar Budget 2018-19
5: 02 PM: Budget Highlight: Five lakh people will be provided with affordable houses under Pradhan Manti Awas Yojana.
4: 22 PM: The government has been silent on the amount which a martyr’s family should receive. Prime Minister Narendra Modi promotes selling pakodas, I ask if 2 crore unemployed will sell pakodas, then who will eat all those: RJD leader Tejashwi Yadav
4: 15 PM: Why didn’t Nitish Kumar paid a visit to meet the families of the kids who were crushed by the BJP MLA: RJD leader Tejashwi Yadav
4: 00 PM: RJD leader Tejashwi Yadav questions as to why the much claimed special status wasn’t given to Bihar. Arun Jaitley ignored Bihar in the Union Budget 2018-19.
3: 52 PM: RJD leader Tejashwi Yadav attacks Nitish Kumar saying one shouldn’t self-conscience in order to remain in power.
3: 45 PM: RJD leader Tejashwi Yadav launches a scathing attack on the state government, says no official or minister has been sacked even after 36 scams. Tejashwi mocks government claims of zero tolerance against corruption, cites CAG and RBI report.
3: 15 PM: An allocation of Rs 153.45 crore has been made to boost tourism in the state.
2: 59 PM: Sushil Kumar Modi presents a budget of Rs 1,76,990 for year 2018-19. It is worth mentioning that for the period 2017-18, a budget of Rs 1,60,000 was presented.
2: 50 PM: Bihar Budget 2018-19: An amount of Rs 32, 125 crore allocated to Education Department.
2: 45 PM: Bihar Budget 2018-19: Speaker of the Assembly allocates two days for the debate on Governor’s Motion of Thanks.
2: 30 PM: Inter-caste marriages will be promoted. Women will now be given an amount of Rs 1,00,000: Deputy Chief Minister Sushil Kumar Modi
2: 26 PM: Bihar Budget 2018-19: 10,000 students will be provided with solar lamps: Deputy Chief Minister Sushil Kumar Modi
2: 21 PM: Deputy Chief Minister Sushil Kumar Modi announces the establishment of cancer hospital and a massive afforestation programme.
2: 16 PM: Rural Economy: Sushil Kumar Modi announces a generous allocation to the rural welfare programmes. An amount of Rs 10, 508 crores sanctioned for rural welfare schemes.
2: 10 PM: Bihar Budget 2018-19: Sushil Kumar Modi rises to present the Budget even as opposition roars ‘Gaddi Chor’.
2: 08 PM: The state has done exceptionally well in the area of production. According to the latest Economic Survey, the state witnessed a 21.1 percent rise in rice production at 82.8 lakh tonne, while the wheat production increased from 47.36 lakh ton in 2015-16 to 59.86 lakh tonne in 2016-17.
1: 30 PM: According to state economic survey, sectors like services sector, transport, storage, communication, manufacturing, mining, and quarrying have anchored the state’s growth.
1: 10 PM: In all, there are 24 working days in the session of the Bihar Legislative Assembly. Presently, the grand alliance, RJD-Congress is staging a massive protest against the incumbent government.
12: 49 PM: Led By Opposition leader Tejashwi Yadav, opposition MLAs stage a walkout from the Assembly. The leaders accuse the incumbent of shielding the ousted BJP leader Manoj who allegedly crushed nine kids with his car in Muzaffarpur.
12: 10 PM: Bihar Budget 2018-19: Due to the ruckus by the Opposition, the Bihar Assembly has been adjourned to 2 PM. The political tussle has intensified over the incident in which a BJP MLA (now expelled) crushed over nine kids with his car.
11: 20 AM: RJD stages a protest inside and outside the Bihar state assembly demanding the arrest of the BJP leader whose car ran over kids. Tejashwi Yadav questions the Bihar government as to why no arrests have been made so far in the case. The RJD leader demanded Sushil Modi’s apology.
11:05 AM: Although the state is reeling under a debt of Rs 21,577 crore (206-17 data), Bihar has consistently clocked revenue surplus.
10: 35 AM: Bihar Budget 2018-19: Notably, the revenues of the state suffered a hit due to the GST rollout. However, the Centre will compensate for losses suffered by the state.
10: 20 AM: As per media reports, the Budget is likely to follow the steps of the Union Budget 2018 focussing more on the rural economy. A substantial chunk is expected to be allocated in the sectors like – education, health care, agriculture, and rural electrification.
9: 55 AM: A PTI report suggests that the Budget session will likely be stormy as the ruling NDA and the Opposition RJD-Congress alliance have gone into poll-mode in the run-up to the Rajya Sabha biennial polls which are also slated for next month.
9: 15 AM: Meanwhile, Deputy Chief Minister and State Finance Minister Sushil Kumar Modi shared the promising growth that was highlighted in the Economic Survey of the state.
वर्ष 2017-18 की आर्थिक सर्वेक्षण रिपोर्ट… pic.twitter.com/3Gm3DYeNv6
— Sushil Kumar Modi (@SushilModi) February 27, 2018
8:32 AM: Bihar has consistently been revenue surplus, which increased from Rs 5,101 crore in 2012-13 to Rs 10,819 crore in 2016-17, Bihar Deputy CM Sushil Kumar Modi told reporters after tabling the survey on the first day of the Budget Session.
8:27 AM: The surplus, projected to be Rs 14,556 crore during 2017-18, is considered to be the result of better financial management, Sushil Modi, who also holds the finance portfolio, said. The Gross Financial Deficit (GFD) of the state government rose by Rs 4,418 crore in 2016-17 over the previous year, compared to an increase of Rs 883 crore in 2015-16, he said and added that the GFD is projected to grow to Rs 18,112 crore in the current fiscal.