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Maharashtra Budget: 2012-13

Wednesday, 28 Mar 2012
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Ajit Pawar, Maharashtra Finance Minister, on 26 March 2012, presented a Rs 152.49 crore revenue surplus budget for year 2012-13 in the state legislative Assembly in Mumbai.

Highlights of the budget are:

  • The budget envisages revenue receipts of Rs 1,36,711.70 crore against expenditure of Rs 1,36,559.21 crore. The gross state domestic product is supposed to rise by 8.5 percent, while the net state domestic product is estimated at Rs 9,82,452 crore.

  • The budget earmarks Rs 100 crore to celebrate the birth centenary of Y B Chavan, the first Chief Minister of Maharashtra.

  • The size of the annual plan of the state is Rs 45,000 crore. The special component plan for scheduled castes is Rs 4,590 crore, tribal sub plan Rs 4,000 crore and district plan (general) Rs 4,950 crore, an increase of Rs 630 crore over the last year.

  • Rs 415 crore have been provided for Rashtriya Krushi Vikas Yojana. Rs 2,500 crore have been allocated to concession in electricity bills to farmers.

  • The budget sets a target of electrification of 1.50 lakh agricultural pumps. Rs 65.56 crore have been set aside for the proposed World Bank-assisted Maharashtra Agricultural Competitiveness Project, to improve agricultural marketing infrastructure.

  • Rs 90 crore have been allocated for construction of sports complex, Rs 1,444.80 crore for National Rural Drinking Water Programme, Rs 2,200 crore for JNNURM, and Rs 573.98 crore for the Indira Aaawas Yojana.

  • The state government would be spending Rs 156.55 crore on the police modernisation, Rs 256.75 crore would be spent on residential and administrative buildings of police. While Rs 262 crore would be spent on construction of court buildings. Rs 140 crore would be spent on construction of administrative buildings of revenue department.

  • The budget envisages tax proposals of Rs 600 crore, It proposes 12.5 per cent tax on sale of beedis. Tobacco and its products are taxed at 20 per cent. Beedi and un-manufactured tobacco are excluded from tax (at present). Beedi is also equally injurious to health. It is taxed in many states.

  • A five per cent tax has been proposed on sale of LPG for domestic use.

  • Tax on plaster of paris would be increased from 5 per cent to 12 per cent. A single tax rate of five per cent for all dry fruits has been proposed.

  • The budget also proposes tax on Aviation Turbine Fuel in places other than Mumbai and Pune at five per cent from 1 April 2012.

  • The tax rate on diesel cars and jeeps would be increased by four per cent.

  • The new tax rate will be five per cent for CNG vehicles costing up to Rs 10 lakh, 6% for vehicles costing between Rs 10 to 20 lakh and seven per cent for above Rs 20 lakh.

  • The minister also announced an amnesty scheme for outstanding electricity duty.

Related Links:

Maharashtra Budget 2012-13 Highlights

Maharashtra Budget Speech 2012-13 - Part I

Maharashtra Budget Speech 2012-13 - Part II

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