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PATNA: Bihar chief minister Nitish Kumar on Monday congratulated the Centre for popping out with a “balancedUnion Budget for the monetary yr 2021-2022 regardless of constraints on income assortment within the wake of the Covid-19 pandemic.
He additionally hailed Union finance minister Nirmala Sitharaman’s proposal to extend the budgetary outlay for well being to over Rs 2.23 lakh crore in FY22 from Rs 94,452 crore estimated within the present fiscal.
Kumar mentioned the Centre offered a Rs 34.eight lakh crore Union price range for 2021-22, which is greater than the estimated whole expenditure of Rs 30.42 lakh crore within the present monetary yr, and proposed to extend the capital spending by 34.5 per cent to Rs 5.5 lakh crore.
“It is a welcome budget given the Covid-19 pandemic and constraints on revenue collection. I congratulate the central government for presenting a balanced budget,” the chief minister mentioned in an announcement.
Kumar hailed the announcement to exempt pensioners, who’re of 75 years of age or above, from submitting tax returns.
The Union finance minister mentioned within the price range that the exemption can be made out there to such senior residents who’ve solely curiosity earnings other than their pension.
The proposal to offer LPG cylinders to 1 crore extra households beneath the Ujjwala Scheme is a welcome step, Kumar mentioned.
The Ujjwala Scheme has benefited eight crore poor households throughout the nation.
He additionally mentioned the proposed scheme for ‘Mega Investment Textiles Parks’ is not going to solely present employment but additionally assist enhance exports from the nation.
The Union finance minister introduced that seven textile parks with world-class infrastructure can be arrange over the subsequent three years.
Kumar mentioned the Centre is selling photo voltaic and renewable power and can present monetary help to verify air air pollution, which is an encouraging step to save lots of the nation’s setting.
The Bihar authorities has already determined to put in “pre-paid smart meter”, the CM mentioned, including that the Centre has additionally determined to increase it additional.

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