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Hry FM announces several initiatives

Press Trust of India  |  Chandigarh 

today listed several new initiatives, including for government employees and asset management cell for government properties in the state budget, which was presented here today.

today tabled his fourth budget here in Vidhan Sabha.

The also talked about the implementation of the state government's Vision 2030 document, based on sustainable development goals and also stated that he tried to align the state budget 2018-19 with the SDG.

said that the outlay for cooperation department was proposed at Rs 824 crore in 2018-19 as against Rs 647 crore during current fiscal.

Likewise, for Sports and Youth Welfare, the outlay has been proposed to be hiked to Rs 423 crore for 2018-19 as against Rs 347 crore during 2017-18, he said.

Both these departments did not find mention in the minister's budget document.

"...I am mentioning both these departments as they did not find mention in the speech," he later said.

During his budget speech, the said, "Out of the total budget of Rs 1.15 lakh crore, an amount of Rs 44,911.16 crore has been allocated to schemes which lead to the attainment of 15 SDGs in due course of time, in the state."

"The government has launched a limited scheme for government employees and pensioners on November 30, 2017. The scheme is currently applicable for six life threatening conditions, namely cardiac emergencies, accidents, 3rd and 4th stage cancer, coma, and electrocution," said the minister in his speech.

An Asset Management Cell has been created to identify government land or properties both within and outside the state, he said, adding that 24,109 government properties were identified so far.

"I propose to raise Rs 1,000 crore from monetisation of these properties in 2018-19," he said.

Noting that the made considerable progress in treasury management, he proposed major change to promote financial discipline by allowing departments and public sector undertakings, including autonomous bodies, to operate only one or two major with effect from April 2018.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 21:05 IST