Raghubar hails interim budget, credits 56 inch PM for historic decisions

Ranchi: Jharkhand Chief Minister Raghubar Das described the interim budget 2019-20 as one which was based on ‘Sabka Vikas 
Sabka Saath’ and which will further take the nation further on the path of the all-round progress. Addressing the press at the project
building here today he said that the ‘balanced budget’ was a budget for the New India which would help to create new job opportunities and make New India energetic and clean. He said that in the budget most focus has been accorded to the farmers of the country. 

Mr Das said that in the budget a provision of Rs 75,000 crore has been made and is an attempt to make their present and future better. He said that the budget would benefit 22 lakh farmers of Jharkhand and farmers having less than one acre of land would
every year be getting a minimum of 11,000 while those having five acres of land will get a minimum of 31,000 as the state government
has already announced Rs 5,000 per acre for farmers. He said that focus has been also accorded to the poor, workers, youth and rural

Mr Das said that a historic decision has been taken by the Prime Minister having a ‘chest of 56 inch’ has announced tax
exemption to Rs 5 lakh and coupled with that 1.50 lakh of investment and standard deduction has been increased to 50,000 which means no tax upto income of Rs 7 lakh in the country. 

In case of unfortunate death of the workers a provision of Rs 6 lakh has been made while under Pradhanmantri Shram Yogi Mandhan
Yojana 10 crore workers earning Rs 15,000 would be benefitted and bonus of workers would be Rs 7000, he mentioned. The
minimum pension for the workers has been fixed at Rs 1000 while after 60 years they would get monthly pension of Rs 3000 per
month, he said adding that majority of the population lives in villages and is dependent on agriculture therefore to encourage animal husbandry and fisheries a two percent tax exemption has been announced.

Mr Das said that whether the central and the state government have both run transparent schemes. Due to the game changer DBT scheme the middlemen have been wiped out and keeping in mind that the poor have the right over the resources of the nation the Central government has provided 10 percent reservation in the general category while the seats in the educational institution will be increased by 25 percent. On the other hand Mnrega has been given Rs 60,000 crore, PMGSY Rs 19,000 crore, under Saubhagya Yojana by March every home in the country power would reach in the homes while 143 crore bulbs have been distributed which has helped saved Rs 50,000 crore.

On the other hand under Ujjwala Yojana 6 crore women have been given gas cylinders and Jharkhand was the first state which under this scheme was giving free of cost LPG stove and first refill of cylinder. Mr Das pointed that in a record of sorts every day 27 kilometers of roads was being constructed. Inflation has been reduced from 10 pc to 4.5 ppercentand priority has been accorded to quick development while fiscal deficit by 2020-21 would be brought to 3 percent of the GDP. After demonetization more than one crore new taxpayers emerged and revenue of the government has increased in which GST has also played its role, Mr Das said adding that the Defence Budget has been increased to Rs 3 lakh crore.

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