• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Monday, July 7, 2025
26 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    Shubman Shines, Akash Roars against England: India Breach Edgbaston Fortress

    Shubman Shines, Akash Roars against England: India Breach Edgbaston Fortress

    2nd Test: Start of day five play delayed due to heavy rain at Edgbaston

    2nd Test: Start of day five play delayed due to heavy rain at Edgbaston

    Deepika’s brilliant field goal against the Netherlands nominated for Poligras Magic Skill Award

    Deepika’s brilliant field goal against the Netherlands nominated for Poligras Magic Skill Award

    Vaibhav Suryavanshi sets sights on double century after record youth ODI ton

    Vaibhav Suryavanshi sets sights on double century after record youth ODI ton

    PM Modi arrives in Rio de Janeiro for BRICS Summit; city’s football spirit shines through

    PM Modi arrives in Rio de Janeiro for BRICS Summit; city’s football spirit shines through

    2nd Test: Had to check with Harry Brook if I was facing a hat-trick ball, reveals Jamie Smith

    2nd Test: Had to check with Harry Brook if I was facing a hat-trick ball, reveals Jamie Smith

    'Sindhu's place in history is already secured': Gill Clark leads wishes as star shuttler turns 30

    'Sindhu's place in history is already secured': Gill Clark leads wishes as star shuttler turns 30

    13 pc success rate: Indian national Football team head coach Marquez relieved

    13 pc success rate: Indian national Football team head coach Marquez relieved (Updated)

    Women’s Asian Cup Qualifiers: India continue winning ways with 4-0 victory vs Timor-Leste

    Women’s Asian Cup Qualifiers: India continue winning ways with 4-0 victory vs Timor-Leste

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    Shubman Shines, Akash Roars against England: India Breach Edgbaston Fortress

    Shubman Shines, Akash Roars against England: India Breach Edgbaston Fortress

    2nd Test: Start of day five play delayed due to heavy rain at Edgbaston

    2nd Test: Start of day five play delayed due to heavy rain at Edgbaston

    Deepika’s brilliant field goal against the Netherlands nominated for Poligras Magic Skill Award

    Deepika’s brilliant field goal against the Netherlands nominated for Poligras Magic Skill Award

    Vaibhav Suryavanshi sets sights on double century after record youth ODI ton

    Vaibhav Suryavanshi sets sights on double century after record youth ODI ton

    PM Modi arrives in Rio de Janeiro for BRICS Summit; city’s football spirit shines through

    PM Modi arrives in Rio de Janeiro for BRICS Summit; city’s football spirit shines through

    2nd Test: Had to check with Harry Brook if I was facing a hat-trick ball, reveals Jamie Smith

    2nd Test: Had to check with Harry Brook if I was facing a hat-trick ball, reveals Jamie Smith

    'Sindhu's place in history is already secured': Gill Clark leads wishes as star shuttler turns 30

    'Sindhu's place in history is already secured': Gill Clark leads wishes as star shuttler turns 30

    13 pc success rate: Indian national Football team head coach Marquez relieved

    13 pc success rate: Indian national Football team head coach Marquez relieved (Updated)

    Women’s Asian Cup Qualifiers: India continue winning ways with 4-0 victory vs Timor-Leste

    Women’s Asian Cup Qualifiers: India continue winning ways with 4-0 victory vs Timor-Leste

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
enewstime
  • Home
  • News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
Home North East

Tripura Budget: Short term pain eyeing for long term gain

ENEWSTIME Desk by ENEWSTIME Desk
June 21, 2018
in North East, Stories from Tripura
Tripura Budget 2018-19

Tripura Budget 2018-19

30
VIEWS
Share on FacebookShare on Twitter

Jaydip Chakrabarti

June 21, 2018: The maiden Budget of BJP-IPFT Govt is distinctively unique and sets a vision for growth and revenue generation. The Budget certainly showed a decisive change in patterns of framing Budget. Reforms, populist measures and inclusive development – all were touched – some extensively and some without much elaboration. Revenue augmenting proposals like increasing road tax and levying cess on petro products are certainly jaw dropping measures for people of the State – it really never happened in past so boldly. The uniqueness of Budget also lies in its aggressive persuasion of tourism sector for job creation and inclusive development. Distribution of smart Phones to college students is one of populist measures proposed in the Budget.

The Deputy CM cum Finance Minister Jishnu Dev Varman presented Rs 16387.21 cr budget for current financial year which is 14.62 per cent higher than previous budget. Another important feature of the Budget is that it is a ‘No deficit’ budget implying equality between receipts and expenses including market borrowings. The Budget proposed marginal increase in Education and Health sectors –  1.31 per cent hike in Education while 1.27 per cent increase was proposed for Health and Family welfare.

Tripura Budget 2018-19
Tripura Budget 2018-19

Even if the quantum of hikes is not much remarkable, it demonstrated Govt’s vision for long term growth strategies focusing on Human Resource development. Allocation in Education sector envisages expansion of education facilities to vulnerable segments – SC/STs upholding principle of inclusive development. Also, providing facilities for horning skills necessary to be successful in All India Exams like, IAS will benefit the students of the State. In Health sector, the Govt has planned to overhaul the service delivery system – but marginal increase may ruin chance of any short term benefit.

Increase in road tax and cess on petro-products will augur well for revenue generation but these steps may proveb to be counter productive – relating to unabated price rise. However, considering that most of revenue to be generated from additional tax and cess will be utilized for road development – this might be a reason for optimism because, economic activities like road development will create earning opportunities leading to augmented purchasing power mitigating price rise issue. However, in this case, the deftness of Finance Minister will be tested and it will be important as to how quickly he can start invest revenues for productive developmental works.

Thrust on Tourism sector have already been in discussion and innovative ideas like opening forests for tourists are likely to bring positive impact in medium-long term basis. Boom in tourism sector will also address long standing issue of unemployment.

A major proposal relating to allocation for Rural Development and Panchayat may prove to be critical. In a situation when there is allegations of food crisis – and devastating flood, proposal to slash RD allocation may trigger some negative impacts. With social security pensions temporarily stalled due to procedural reasons, cut in RD and Panchayat allocation is likely to hit development initiatives of the Government. This year, budget allocates Rs 1278.74 crore (7.82 per cent) for RD and Panchayat while it was Rs 1589.35 crore (9.96 per cent) in last year’s Budget.

With sharpened knife on RD, Jishnu Dev Varman left PDS almost unchanged and announced continuation of ‘Distress Para’ concept and supplying free rations in those Paras.

Another important statement relating to beneficiaries of social pension is important – particularly in the wake of cut in RD allocation. In his budget speech, the Minister mentioned more than 4.22 lakhs persons would be the beneficiaries under the social pension scheme and this number is much higher than number mentioned in previous budget. Further, Jishnu Dev Varman has proposed to allocate “more than 300 crores for payment of various Social security pension schemes”. In the backdrop of social security cover to such an extent, it will be prudent that the Government expedites process for restoration of pension payment will augment purchasing power of people.

The Budget – in short term may cast negative results, however, if the Government can maintain transparency and adhere to its policies for revenue generation along with holistic development, the State may experience growth in the long term. (Published in Tripura Times on June 20, 2018) 

Related Posts

NITI Aayog Releases report on ‘Designing a Policy for Medium Enterprises’
North East

NITI Aayog Releases report on ‘Designing a Policy for Medium Enterprises’

May 26, 2025
70-Stunning-Orchids-Found-in-Assam
North East

70 Stunning Orchids Found in Assam: Kaziranga’s UNESCO Site Wows Conservationists

May 17, 2025
14-militants-of-banned-outfits-held-in-Manipur
North East

14 militants of banned outfits held in Manipur; arms, ammunition recovered

April 16, 2025
Guwahati Medical College gets northeast’s first onco-robotic surgery facility
North East

Guwahati Medical College gets northeast’s first onco-robotic surgery facility

April 13, 2025
Assam-CM-holds-meeting-with-Jeet-Adani
North East

Assam CM holds meeting with Jeet Adani on rolling out Group’s Rs 50,000 crore investment plan

April 13, 2025
Centre resolved to bring development to every corner of Northeast: Union Minister
North East

Centre resolved to bring development to every corner of Northeast: Union Minister

April 11, 2025
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
D-2050 D-2050 D-2050
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

About us

Enewstime.in is run by an individual – a Journalist by profession of Tripura with the active help of several journos including senior journalists of the State. On top of that, Enewstime.in being a subscriber of IANS news agency, we have plenty of multi-choice topics to offer to our esteemed readers. Enewstime.in is a venture reach global audience from a tiny State Tripura.

Latest News

Tallest statue in Assam Honouring Dr SP Mukherjee unveiled

Covid-19 in Manipur: Daily positivity rate drops to 13.3 pc

Shubman Shines, Akash Roars against England: India Breach Edgbaston Fortress

TUKS Flags Pension Delay, Education Crisis, and Development Stalemate in TTAADC

Restoring peace in Manipur: Weapons Seized, Talks Held, But Political Rift Persists

TN BJP demands urgent action at govt hospital to address ‘gross negligence’

Contact us

19, Old Thana Road. Banamalipur. PO. Agartala. Pin code 799001. Tripura (West), India.

Email: enewstime2017@gmail.com

Wa: 8794548041

  • Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use

© 2025 Designed & Developed with ❤️ by Provibe Media LLP

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders

© 2025 Designed & Developed with ❤️ by Provibe Media LLP