Rs 19,891 crore budget presented in Tripura
AGARTALA | March 21, 2020 (IANS):
Tripura Deputy Chief Minister Jishnu Dev Varma on Friday presented a Rs 19,891 crore tax-free Budget for 2020-21, containing several new plans including setting up a NITI Aayog-type state body, new schemes for farmers, children and students besides for rural areas.
The third budget of the two-year-old BJP-led coalition government shows a Rs 511.41 crore deficit.
Tabling the Budget on the first day of the week-long session, Dev Varma who also holds the Finance portfolio, said that there is no new tax proposed in the budget and the deficit would be covered by better fiscal management and smart tax collections.
In his speech, he said that the "philosophy of the budget is collective action and inclusive growth" and with better tax management, the government would increase its own revenue in the coming fiscal (2020-21). The deputy chief minister has announced 19 major schemes and plans, which included NITI Aayog-type state body – Innovation and Transformation Aayog of Tripura (ITAT), Tripura Beti Bachao Beti Padao Abhiyan, Chief Minister's Fasal Bima Yojana, Chief Minister's Model Village Scheme and Tripura Road Safety Mission.