Manipur presents Rs 6,886cr budget; no new tax imposed

Manipur Chief Minister O Ibobi Singh proposed no new taxes in the state's Rs 6,886-crore budget for 2011-12 presented in the Assembly on Monday.

Presenting the budget, Singh, who also holds finance portfolio, said that of the estimates, Rs 3,277 crore would be under non-plan, Rs 3,290 under state plan and Rs 319 crore under centrally sponsored schemes (CSS), central plan schemes (CPS) and north east council schemes (NEC).

Singh said total revenue expenditure was estimated at Rs 4,763 crore while capital expenditure was estimated at Rs 2,123 crore.

Under the non-plan revenue account, the total expenditure was projected at Rs 3134 crore during 2011-12, a marginal decrease of Rs 23 crore over 2010-11 of Rs 3157 crore.

The Chief Minister said Manipur economy was agriculture- based. The government was committed to the development of agriculture and farmers, he said adding the outlay for agriculture and allied sector has been stepped up from the approved outlay of Rs 93 crore during 2010-11 to Rs. 139 crore during 2011-12, a growth of 49%.

He said the government has also given priority for development of water resources even during the ensuing year.

The allocation of major and medium irrigation and minor irrigation during 2011-12 has been fixed at Rs 326 crores.