MP revenue reciepts up, budget presented

PTI | February 25, 2010



Madhya Pradesh Finance Minister Raghavji on Thursday said the state's earning from revenue in 2009-10 is higher than projected in the last year's budget and emphasised on ensuring that all departments spend the money allocated to them under different schemes.

"The revenue reciepts for the year 2009-10 is more than the projected revenue collection in the last year's budget," Raghavji told reporters after presenting the state budget for the year 2010-11.

When asked about reports of many departments unable to utilise the allocated funds under different schemes, he said that from now onwards quarterly review of the amount allocated and spend by the department will be done and if it was found that any department is unable to utilise the money after the end of third quarter, then it will be diverted to other heads.

To a question he said that till March 31, 2009, the state has a loan of Rs 47,280 crore which has now rose to Rs 56,250 crore.

He said that as compared to the year 2001-02, when 20 per cent interest was paid on the loans, the state government now pays only 11.63 per cent interest on borrowings.

Comments

 

Other News

How much time do you spend talking on phone?

How much time do Indians spend talking on phone? It is on average 761 minutes per month, according to a new report from the Telecom Regulatory Authority of India (TRAI). The telecom regulator released its report, titled ‘The Indian Telecom Services Performance Indicators: July-Septemb

“Developing public health infrastructure key to sustainable healthcare for all”

Renowned cardiologist Dr Ramakanta Panda has said that the pandemic has exposed the inadequacy of existing healthcare systems and it is wrong to draw comparisons with Korea, a country with the population equal to that of a single Indian state. While speaking to Kailashnath Adhikari, MD, Gove

SC-appointed panel on farm laws holds first meet

The committee of experts appointed by the supreme court to deliberate with the stakeholders on the new farm laws held its first meeting here Tuesday, with one of its members saying that all stakeholders, including individual farmers, will be heard. Hearing a petition on the farm laws enacted

India’s glitch-free vaccination gathers pace

The nationwide vaccination campaign launched Saturday, the largest such exercise in the world, has started setting new benchmarks, with vaccines administered to 2,24,301 beneficiaries in the first two days. “India has vaccinated the highest number of persons on Day1 under its COVID19 v

Maharashtra to spend Rs 2,500 crore to augment, develop power infrastructure

The Maharashtra government has announced a spending of Rs 2,500 crore annually to develop infrastructure of state-owned distribution company Mahavitaran (MSEDCL).   Out of the total amount, Rs 1,500 crore will be spent on energisation of conventional agriculture pumps and Rs 1,000 crore

Launched: Largest vaccination drive in history

India on Saturday began the massive vaccination drive against Covid-19, as prime minister Narendra Modi paid tributes the ‘corona warriors’. “Such a vaccination drive at such a massive scale was never conducted in history. There are over 100 countries having less than 3 cro

Masterminds: Masterclass on World Affair with Sreeram Chaulia





Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter