The Delhi government presented the Budget for the year 2016-17 on 28th March, 2016 keeping in mind the interests of the middle class. The Deputy CM Manish Sisodia who holds the finance portfolio kept the annual budget at Rs 46,000 crore while the Plan outlay was pegged at Rs 20,600 crore. Innovative Financial Advisors Pvt. Ltd highlights some of the key points of the budget presentation.
1. Value Added Tax (VAT) rates were slashed from 12.5 percent to 5 percent on certain commodities.
2. Major boost to e-rickshaws, battery operated vehicles, hybrid vehicles as they became cheaper. This is in line with the national agenda of becoming the first country to have electric vehicles for all by 2030. Subsidies for e-rickshaws has been increased from Rs 15000 crore to Rs 30000 crore for last mile connectivity and to keep a check on the rising pollution levels.
3. No reduction in dining and drinking taxation rates, however eatables such as sweets, snacks and savoury items will be cheaper.
4. Last year timber became cheaper and this year the focus was on Marbles.
5. Good news for shopaholics as all ready made garments became cheaper.
6. In order to eliminate tax evasion, Bill Banao Inam Pao scheme is being promoted that has already collected 1 crore extra tax last month.
7. Beautification of Delhi on the cards as soon Gazipur and Dhaula Kuan will be beautified to give a different view of Delhi.
8. Rs 100 crore has been allocated for delivering basic amenities to the Jhuggi Bastis.
9. By 2017, every household will have access to cleaned water. Proposal for making pipeline in 300 unauthorised colonies in 2016-17 for Rs 676 crore.
10. 90% of the Delhities are getting billed halved, Rs 1600 crore has been set aside to continue this process.
11. Promoting work participation of women, 3 new hostels will be opened.
12. Rs 118 crore more revenue has been collected as people are using Delhi Jal Board meters. Despite providing 20000 litres of free water per month, the Delhi Jal Board profits went up by 178 crore.
13. All roads, in every colony to be constructed by next year.
14. Focusing on higher education and skill development with 5500 new appointments and 9623 new posts for teachers have been approved. Rs 152 crore has been provided to realise the skill training dream of Dr. A.P.J. Abdul Kalam. Educational Budget of Rs 10690 crore which is 23% of the entire budget is the highest among all state governments.
15. All medicines and checkups free in Delhi hospitals for all. 10000 new beds to drastically reduce the waiting time of the patients.
16. 8.4% of the budget, Rs 1735 crore allocated towards Transport sector to promote public transportation helping the common man commute easily.
17. All DTC and cluster buses to have WiFi, GPS and CCTVs and there will be deployment of 4000 marshals in DTC buses.
18. Vaccum cleaning of roads to reduce pollution levels in the city.
19. 2000 new cluster buses and non AC buses to reduce traffic of Delhi metro.
20. Proposal to include cycle lanes along both sides of the outer ring road of Delhi.
21. New ISBT to come up in Dwarka
22. Budgetary allocation of Rs 763 crore for Delhi metro and 517 more metro buses on 93 routes.
23. Elevated roads coming from Anand Vihar to Peeragarhi that will become a game changer for commuters.
24. Proposal for addition of 1000 new cluster buses and 1000 new premium buses in financial year 2016-17.
25. Providing healthcare at doorsteps through Mohalla clinics as part of the 3-tier healthcare system. Polyclinics in 2nd tier and hospitals in 1st tier. For the first time healthcare expenditure reached the double digit mark. Digital health cards for all.
26. The Delhi government soon plans to launch Aam Aadmi Canteen in tune with Amma Canteens of the Tamil Nadu government for migrant workers.
27. The contribution of Delhi to the national GDP is 4.02% and the per capita income increased by 11% which is 3% higher than the national average. The per capita income in the next financial year will go upto Rs 2,80,142.
With these steps the Delhi government plans to provide better amenities, ensure ease of doing business, provide free healthcare, promote education and improve public transportation. Let’s hope the budget brings relief for the middle class and improve the standard of living of the people below the poverty line.
By – Rahul Choudhury
Media & Communications, Innovative Financial Advisors Pvt. Ltd.