Mizoram Chief Minister presents tax-free state budget - News Summed Up

Mizoram Chief Minister presents tax-free state budget


Chief Minister Zoramthanga (in picture) said that the state government's targets would be privatisation, mechanisation and large-scale production to boost the economy (Wikimedia Commons)Mizoram Chief Minister Zoramthanga presented a tax-free budget for 2019-20, laying emphasis on the implementation of the Socio- Economic Development Policy (SEDP) and creation of three new districts. The chief minister allocated Rs 50 crore under the SEDP for the recruitment of doctors and nurses in the health department to ease an acute manpower shortage. “Rs 159.34 crore was also allocated for establishment of Lok Ayukta which was increased this fiscal and I allocated Rs 371.06 crore for the expenses on the Lok Ayukta,” he said. The chief minister said the total liabilities (debt) of the state was estimated at Rs 8,447.92 crore which is 32.66 per cent of the projected GSDP. The state government's targets would be privatisation, mechanisation and large-scale production to boost the economy, he told reporters after presenting the budget.


Source: The Telegraph June 13, 2019 11:26 UTC



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