Akhilesh proposes no new tax in his first Budget
Akhilesh proposes no new tax in his first Budget
The budget provides for unemployment allowance, and laptops and tablets to school students.

Lucknow: Amidst uproar and walkout by the BSP, Uttar Pradesh Chief Minister Akhilesh Yadav on Friday presented his maiden state Budget for 2012-13 with no new tax and a provision of Rs 500 crore for waving farm loans.

It also provides for unemployment allowance and laptops to school students.

For the first time, the state's Budget size has crossed Rs 2 lakh crore.

It has projected a deficit of Rs 21,570.26 crore in the Budget while estimating a total receipts of Rs 1,94,327.28 crore this fiscal. The total Budget size is Rs 2,00,110.61 crore.

The Budget puts revenue receipts of Rs 1,58,847.86 crore and capital receipts of Rs 35,479.32 crore.

Presenting the Budget, based on the promises made in SP's manifesto, Yadav said that a provision of Rs 1,100 crore has been made for unemployment allowance for the people in the age group of 30-40 years.

For providing free laptops and tablets to the high schools and intermediate pass students a provision of Rs 2,721.24 crore has been made.

Announcing the relaunch of Kanya Vidyadhan Scheme, scrapped during the BSP regime, the SP government has made a provision of 446 crore.

A separate provision of Rs 500 crore has been made for loan waiver of farmers promised by the party in its manifesto.

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