[Notes] Himachal Pradesh Budget - 2014


As per budget estimates, total revenue receipts are estimated at Rs 16,522 crore and total revenue expenditure is estimated to be Rs 19,784 crore with a revenue deficit of Rs 3,262 crore. The expected receipts in capital account of the government are Rs 3,860 crore, apart from Rs 1,125 crore in public account including provident fund. Capital expenditure including loan repayments is estimated to be Rs 3,830 crore. The fiscal deficit for 2014-15 is likely to be Rs 5,354.







Highlights of the budget 2014-15
:



Public services delivery helpline to be set up for people of the state.

Facility of toll free telephone number to be created for reporting cases of corruption in government departments.

Lok Mitra Kendras will be opened in Himachal Bhawans at New Delhi and Chandigarh to facilitate Himachalis living there.

Additional food grain storage capacity of 30,000 MT to be created over next four years.

Additional 4,000 hectare area to be brought under off-season vegetables for which an allocation of Rs 55 crore has been made.


Dr Y S Parmar Kisan Swarozgar Yojana to be introduced with an outlay of Rs 100 crore. About 85% subsidy to be provided for construction of poly-houses.

Coffee cultivation to be explored in Kangra, Mandi, Una and Bilaspur districts.

About 15 lakh sq metre to be brought under protection from hailstorm by providing quality anti-hail nets to orchardists.

About 1,500 hectares area will be brought under revamped apple rejuvenation project.

All private investors investing in controlled atmosphere stores in rural areas to be provided government land at token lease money of Re 1.

One apple juice concentrate unit costing Rs 15 crore will be set up in Shimla district by HPMC.

Two vegetable pack houses with an investment of Rs 8 crore to be set up in Ghumarwin and Nadaun.

A new liquid nitrogen gas plant at a cost of Rs 4 crore to be set up in Palampur.

About 2,000 MW additional hydro-power capacity targeted for commissioning in 2014-15.

Free power from 2 MW projects to be reduced from 7% to 3%.

Preference to Himachalis for allotment of projects upto 5 MW.

State VAT on plant and machinery of hydro-power projects will be given full set-off of 5% entry tax.

VAT on all types of plant and machinery used in generation of hydro-power to be reduced to only 2%.

Cheaper electricity from SJVNL, which the state gets on account of its equity of 25%, to be given to HPSEBL for its lifetime to ensure low-priced electricity supply to consumers.

A 2 MW solar photo-voltaic power plant to be set up in Kaza.

HP Investment Promotion Cell to be set up to drive new investments in the state.

New state-of-the-art industrial areas to be developed at Pandoga in Una district and Kandrori in Kangra district with an investment of Rs 219 crore.

A tool room at Baddi at an estimated cost of about Rs 147 crore to be established.

Approval for purchase of land for industrial units under section-118 of HP Tenancy and Land Reforms Act simplified.

Specified EHT industrial units to pay electricity duty at reduced rate of 15%.

Existing medium and large industries to pay electricity duty at a reduced rate of 13%. Such new units to pay only 5% electricity duty for five years.

Existing small industries to pay electricity duty at a reduced rate of 7% and new units to pay only 2% for five years.

Any new industry, employing more than 300 Himachalis, will be charged only 2% electricity duty for five years.

For setting up a new industrial enterprise in the state, only 50% stamp duty to be charged.

Conversion of land use charges for new industries to be reduced by 50% from existing rates.

Greenfield airport project to be explored near Kandaghat and survey for developing an airport in Mandi district to be done.

Government to initiate a large number of ropeway projects in the state.

Luxury tax exempted for a period of 10 years for new hotels opened in rural areas of the state.

Net books (laptops) to be provided to 7,500 meritorious students of Class 10 and 12 during 2014-15.

Vocational education to be extended to additional 100 schools. About 200 vocational teachers to be appointed in these schools in 2014-15.

One government engineering college to be opened in Nagrota Bagwan under RUSA.

A city museum & entertainment park to be set up in the heart of Shimla city.

Social security pension increased from Rs 500 to Rs 550 per month.

All persons above the age of 80 years to get social security pension irrespective of any income limit except those drawing any other pension.

A uniform income limit of Rs 35,000 per annum fixed for eligibility to avail benefit under various schemes.

An allocation of Rs 924 crore proposed for development of tribal areas for 2014-15.

Financial assistance for World War-II veterans increased from Rs 750 to Rs 2,000.

Annuity of gallantry award winners increased from Rs 3,000 to Rs 5,000.

Rs 2 crore to be provided for establishment of war memorial museum at Dharamshala.

"Samman Rashi" of wives and daughters of late freedom fighters enhanced from Rs 3,500 to Rs 5,000.

Marriage grant to daughters and granddaughters of freedom fighters enhanced to Rs 51,000 in case of daughters and Rs 21,000 in case of granddaughters.

Two women police stations to be established in Shimla and Dharamshala.

Dearness allowance at 10% to be given to all state government employees and pensioners.

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