Odisha Budget 2013-14: Mining sector to pay more money to Govt

Bhubaneswar: The mining sector has to cough up more money to the State exchequer in FY 2013-14. Finance Minister Prasanna Acharya, while presenting the Odisha Budget in the Assembly on Tuesday, proposed to raise additional revenue from mineral sector by revising the stamp duty on instruments of mining lease and renewal of mining leases by making requisite amendments in the Indian Stamp Act as in force in the state of Odisha. Requisite amendment will be introduced in the House in the current session of the Assembly, the FM said.
The total expenditure proposed in the Budget estimates for 2013-14 including debt repayment is Rs 60303.09 crore. The outlay for the state’s Annual Plan 2013-14 has been fixed at Rs 21467 crore which includes an outlay of Rs 19367 crore for the Government sector and Rs Rs 2100 crore for the PSUs.
The Budget for the first time has earmarked Rs 100-crore as equity contribution for development of commercially viable railway projects in the state during the year 2013-14.In order to improve connectivity in remote tribal areas, the FM proposed to implement a new scheme called “Rural Transport Connectivity” under which entrepreneurs will be provided with interest subvention as well as exemption in road tax and permit fees. Under this scheme, 1000 small transport vehicles will be provided for operating in rural tribal areas.
The School and Mass Education department has got the largest allocation in this Budget. Total allocation in SME Department has been enhanced from Rs 6225.40 crore this year to Rs 7142.83 crore for 2013-14. This is the largest allocation among all departments which constitutes about 12% of the total budget allocation.
Rs 164 crore has been provided in the Budget towards state’s matching contribution under MGNREGS. Rs 80-crore has been provided for Western Odisha Development Council. Biju KBK Yojana has got Rs 120-crore. Rs 1312.05 crore has been allocated for rice@Re 1/kg scheme for the year 2013-14. This scheme is meant for 3690119 BPL families, 535402 APL families in 8 KBK districts, boarders of SC and ST hostels and differently abled persons.
Budget provision has also been made for raising of 2 composite specialized IR Battalions having both security and engineering components which would undertake construction of roads in highly Naxal-affected states.