5th_APRIL 1ST_2015
5th_APRIL 1ST_2015
5th_APRIL 1ST_2015
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STATE’S CORNER<br />
Maharashtra<br />
Local Body Tax (LBT) on traders<br />
abolished by BJP led Maharashtra Govt<br />
The BJP-led Maharashtra state LBT. The move has been roundly<br />
government has announced in its welcomed by traders. As regards<br />
Budget <strong>2015</strong>-16 that the Local Body LBT, a compensation of Rs. 6,875<br />
Tax (LBT) on traders would be crore will be given to the municipal<br />
abolished by August 1, <strong>2015</strong>.This corporations, excluding Mumbai.<br />
was one of the poll promises of the The loss of revenue would be com-<br />
BJP during the poll campagin. The pensated by enhancing the rate of<br />
BJP had supported the agitations by tax under VAT which will be applitraders<br />
against double taxation – cable to the whole state. A revenue<br />
LBT in addition to Value Added Tax neutral rate has been recommended<br />
(VAT)– and promised during the considering the share of increased<br />
assembly campaign that if voted to tax collection to be given to the areas<br />
power, the party would scrap the where LBT is not levied.<br />
Madhya Pradesh<br />
Rs. 15,000 crore relief and assistance to<br />
farmers in Madhya Pradesh in last 2 years<br />
Approximately Rs. 15,000 crore has from burden of enhanced power<br />
been made available to farmers as tariff and supply of free power to<br />
relief and assistance under various weaker sections. Of this, 1968 crore<br />
schemes during last 2 years. The was given as tariff subsidy and Rs.<br />
relief was given for natural calami- 466 crore for supply of free power<br />
ties, crop insurance compensation, during 2012-13. During year 2013-<br />
and bonus on procurement of wheat 14, a sum of Rs. 1700 crore was given<br />
and paddy on support price, subsidy as tariff subsidy and Rs. 550 crore<br />
on loans at zero percent interest for supply free power. In the state,<br />
rate, power subsidy and subsidy on loans are being provided to farmers<br />
agriculture implements. In most at zero percent interest rate for<br />
cases assistance amounts were agriculture works. About Rs. 404<br />
deposited in most farmers' bank crore was given to 27 lakh 18 thouaccounts.<br />
Power subsidy worth sand farmers during 2012-13 and<br />
about Rs. 4,684 crore was given Rs. 494 crore to about 28 lakh farmduring<br />
last 2 years to relieve farmers ers in 2013-14.<br />
THE<br />
NATIONALIST 40