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Nitish congratulates Center on “balanced” Union budget despite challenges from Covid | India News

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PATNA: Bihar Chief Minister Nitish Kumar congratulated the Center on Monday for presenting a “balanced” Union Budget for fiscal year 2021-2022 despite limitations on revenue collection in the wake of the Covid pandemic. -19.
He also praised the Union Finance Minister Nirmala Sitharaman’s proposal to increase budget spending for health to more than Rs 2.23 lakh crore in fiscal year 22 from the estimated Rs 94,452 crore in the current fiscal year.
Kumar said the Center submitted a Union budget of Rs 34.8 crore for 2021-22, which is more than the total estimated spending of Rs 30.42 crore in the current financial year, and proposed to increase spending. capital by 34.5 percent to 5.5 rupees. lakh crore.
“It is a welcome budget given the Covid-19 pandemic and the limitations on revenue collection. I congratulate the central government for presenting a balanced budget,” the prime minister said in a statement.
Kumar praised the announcement to exempt retirees, who are 75 and older, from filing tax returns.
The Union Finance Minister said in the budget that the exemption would be made available to older people who only have interest income in addition to their pension.
The proposal to provide LPG cylinders to an additional million households under the Ujjwala scheme is a welcome step, Kumar said.
The Ujjwala Plan has benefited eight million poor households across the country.
He also said that the proposed scheme for ‘Mega Investment Textiles Parks’ will not only generate employment, but also help boost the country’s exports.
The Union Minister of Finance announced that seven textile parks with first-rate infrastructure will be established over the next three years.
Kumar said the Center is promoting solar and renewable energy and will provide financial assistance to control air pollution, which is an encouraging step to save the country’s environment.
The Bihar government has already decided to install a “prepaid smart meter,” CM said, adding that the Center has also decided to expand it further.

Times of India

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