Punjab saw record 45% jump in excise revenue, says finance minister Harpal Cheema

Punjab Vidhan Sabha on Saturday surpassed the Punjab Appropriation Bill, 2023, tabled through finance minister Harpal Singh Cheema.Giving his respond on the overall dialogue on price range estimates, the finance minister stated a sizeable hike has been recorded in sales receipts, which enabled the Punjab Government to earmark report outlay in important sectors, together with training and agriculture.

He stated a 45% hike has been recorded in excise sales, and the competition need to respect the efforts instead of oppose the coverage for political reasons. “LoP Partap Bajwa regularly objectives us in this excise coverage. Reality is we’ve expanded our sales through the use of this coverage,” stated Cheema.

He stated that the authorities has registered a 26% boom in non-tax sales, except recording a 23% hike in kingdom GST and a 19% and 12% boom has been registered from stamp and registration and taxes on vehicles, respectively. He stated that because of the boom in sales, it’s been feasible to boom the price range through 20% for the agriculture area and 12% for training, except making sure a huge boom in different vital sectors.

Talking approximately the mortgage availed through the Punjab authorities, the finance minister stated that the Punjab authorities has availed a mortgage of ₹28,592 crore from the 12 months 2007-2012, ₹99,304 crore from 2012 to 2017, and ₹99,505 crore from 2017 to 2022.

“Punjab authorities has been running strictly in line with the law, and the mortgage become taken in the permissible limits. The authorities has been making sure the fee of the mortgage in a well timed manner. We have additionally repaid a complete of ₹36,046 crore of debt, together with foremost fee of ₹15,946 crore and hobby fee of ₹20,a hundred crore,” the finance minister stated.

He stated that aside from this, Punjab Government has deposited ₹3,000 crore withinside the consolidated fund withinside the closing one 12 months, even as handiest ₹2,900 crore become deposited on this fund withinside the 5 years of the preceding authorities.

Referring to the help of ₹2,000 crore furnished to bailout diverse authorities agencies, the finance minister stated that the kingdom authorities has furnished help of ₹885 crore to the Punjab Cooperative Agriculture Development Bank, ₹three hundred crore to Punsup, ₹four hundred crore to Sugarfed, ₹one hundred thirty five crore to District Cooperative Banks, ₹36 crore to Milkfed, and ₹10 Crore to Fazilka Sugar Mill.

Meanwhile, BJP member Ashwani Sharma cornered the authorities at the pre-ballot  declaration of the Aam Aadmi Party of providing ₹one thousand to every woman. Where is the cash withinside the price range for gratifying the promise of giving Old Pension Scheme promised for employees?” puzzled Sharma.

The BJP MLA additionally stated the Bhagwant Mann-led kingdom authorities has miserably did not take advantage of the Central Schemes because the kingdom`s pursuits were compromised because of political affiliations. Congress member Sandeep Jakhar stated the price range has grossly neglected provisions for Solar-energy, drip irrigation and different key additives connected with agriculture and horticulture.

Congress member Vikramjit Singh Chaudhary focused the authorities for gambling politics over the difficulty of sanctioning ₹25 crore to Dera Sachkhand Ballan that could be spent to unfold the lessons of Guru Ravidas.

“This cash become sanctioned for the duration of the tenure of Charanjit Singh Channi as leader minister, however while AAP got here to energy they introduced again the cash from the district administration. Now, once more this cash has been sanctioned maintaining in thoughts the through-election for Jalandhar Lok Sabha polls,” Chaudhary claimed.

SAD member Dr Sukhwinder Sukhi stated the authorities has handiest achieved large talks approximately the improvement of Dalits withinside the price range report however almost not anything a good deal has been sanctioned for his or her welfare.

“Schedule Castes has 40% populace in Punjab. But this authorities has handiest saved a mere ₹13,888 crore for the SC sub-plan. As some distance as I know, the Centre by no means ignores the kingdom`s needs below the SC sub-plan. What welfare will you do with this meagre amount,” stated the SAD MLA.

AAP member and energy minister Harbhajan Singh ETO termed the price range as a street map of the authorities for the destiny of Punjab. “Zero energy payments for 90% of the populace become the most important comfort ever to the human beings of the kingdom,” he stated.

By NFL

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