State government presents supplementary demands

ST Correspondent
Monday, 26 February 2018

Out of Rs 3871 crore demands in this budget session, Rs 1,229 crore will be allocated to pay interest on market loans taken by the government and Rs 965 crore to repay the amount taken from the Reserve Bank of India (RBI).

MUMBAI: The State government presented supplementary demands of Rs 3,871 crore on the first day of the legislative assembly session, taking the total amount of these demands presented by the government to Rs 1,35,906 crore since December 2014.

Out of Rs 3871 crore demands in this budget session, Rs 1,229 crore will be allocated to pay interest on market loans taken by the government and Rs 965 crore to repay the amount taken from the Reserve Bank of India (RBI).

The government has allocated Rs 354 crore to the newly announced extension of ‘no fee’ benefits to students with annual income of less than Rs six lakh.

After farm loan waiver and compensating the municipal corporations for revenue losses due to the Goods and Services Tax (GST), the government is facing a fund crunch. The State government had asked its departments not to raise supplementary demands in the budget session unless they are of utmost importance. A supplementary demand is an additional grant for a government to meet its expenditure.

The State government is facing criticism for its financial mismanagement. In the winter session at Nagpur, the government raised demands worth 

Rs 24,402 crore out of which Rs 15,000 crore were allocated for the Chhatrapati Shivaji Maharaj Shetkari Sanman Yojana 2017 (loan waiver for the farmers). In the monsoon session, the total demands raised were worth Rs 33,533 crore out of which Rs 20,000 crore were for the loan waiver scheme.

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