Thursday 28 March 2024

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Economy | Finance

Budget Highlights 2015

 

19:11

»CM Parsekar presents budget for 2 hours 30 minutes, concluded at 7 pm.

19:10

»Application fee, annual recurring fees and security deposits for land based and offshore casinos revised and enhanced.

»Proposed to undertake review of the fees and charges being levied of various services of the government as well as explore new areas as well as new items for levy of fees and charges.

19:09

»Water meters being installed for ground water extraction on commercial basis to be charged annual fee of ` 1000/- for testing and certification.

19:08

»Water tariff rationalized and revised to compensation loss of treatment and supply as well as to curb wastage of treated water being used for non-domestic purpose.

»Registration fees exempted for non-commercial wells and ` 500/- levied for commercial wells. Registration to be done by means of an application on a Stamp paper

19:07

»The scheme of exemption of payment of fees and taxes by truck / tipper and barge owners further extended.

19:06

»Motor Vehicle Tax at the time of registration rationalized in case of two wheelers. Two wheelers costing upto ` 1.5 lakhs to be charged 8% as existing and above ` 1.5 lakhs to be charged 14% from existing 12%.

19:05

»Fees for choice vehicle registration numbers enhanced in the range ` 1000/- to ` 15000/-.

»Fees for issue of duplicate Motor Tax Book enhanced from ` 5/- to ` 100/-.

19:04

»Digitization of Transport Department records extended by connecting RTO offices to GBBN network and online services.

»Motor Driving License and Registration Certificate to be issued in Smart Card format. Processing fee of ` 50/- to be levied per document.

19:03

»Ease of online payment to be extended for Stamp Duty and Registration Fees to reduce use of Stamp Papers with the proper recording mechanism.

19:02

»Gifts / donations in favour educational institutions and charitable organizations registered for the past 15 years in Goa State exempted from payment of Stamp Duty.

19:00

»Successful implementation of Goa Excise Management software. Government to make effort to ensure 100% registration of all excise license holders and make Excise department a paperless office

»Stamp Duty rates and slabs rationalized. No change in total amount to be paid as Stamp Duty and Registration Fees in case of conveyances in favor of co-operative housing society

18:59

»Liquor sale in packed bottles to be permitted in super markets located in any area, having self-service facility and a separate enclosure for storage and display of liquors.

18:58

»Uniformity in import of spirits by distillers to be maintained alongwith concentrate of scotch, malt spirit, etc. by notifying additional entry of any other spirit.

»Relief to smaller quantity packaging of IMFL by rationalizing fee of ` 3/- per case for capacity of 9 bulk liters proportionately

»Existing fees for liquor units which are classified as micro and small enterprises enhanced from ` 70,000/- to ` 1 lakh and for others from ` 2 lakhs to ` 3 lakhs

18:57

»License fee for possession of RS / ENA / denatured spirit by industrial units enhanced from ` 20,000/- to ` 30,000/- per annum and a processing fee of ` 25,000/- for obtaining license.

18:56

»Liqueur spirits included under IMFL for the purpose of collection of Excise Duty

»Permit / NOC fee for import and export of excisable items enhanced from ` 500/- to ` 1000/-. For any alterations additional ` 500/- to be charged

18:55

»Licensed premises holding special events or occasions to be charged additional license fee.

»License fees as well as license fee structure for temporary seasonal licenses during months of October to May rationalized

18:54

»Additional license fee of 50% of the rate for additional points of liquor sale per day per point, at mega events arena upto 5000 guests. For above 5000 guests, ` 06 lakhs per day and ` 01 lakh for every additional point beyond six points

18:53

»Compulsory payment of taxes above ` 20,000/- through on-line mode only during this year onwards.

»Increase in Excise Duty on IMFL and Beer, country liquor manufactured with rectified spirit or extra neutral alcohol

18:52

»Enhancement of annual tax rate from ` 2,500/- to ` 5,000/- on water sports / jet skiing and boat rides (less than 10 persons), parasailing, motor cart riders, etc.

18:51

»Small vessels carrying out boat rides having seating capacity of more than 10 persons to be treated as a river / boat cruise.

18:50

»Off-season exemption scheme to continue. Rooms in a hotel with rentals of ` 20,000/- and above per day, to be excluded from this benefit.

»18. Tax on River / boat cruises to be reduced from present 15% to 10% and composition benefit of 50% is withdrawn

18:49

»Reduction in tax deducted at source from present 05% to 03% in case of works contracts of infrastructure projects above ` 100 crores, declared to be projects of State importance

»Rationalization of Luxury Tax on luxuries provided in hotels and the amount so generated to be utilized for better tourism infrastructure, and to promote lower and middle class quality tourism

18:47

»Modification of rates for builders - 0.5% for exceeding ` 20 lakhs upto ` 50 lakhs, 01% for the exceeding ` 50 lakhs upto ` 100 lakhs and 02% for the exceeding ` 100 lakhs

18:46

»Amendment to the Goa Value Added Tax Act, 2005, to enable re-opening of cases of claiming refunds of tax returns by dealers beyond limitation period

18:45

»Enhancement of VAT on Motor Spirit from 10% to 15%. In case there is a drastic increase in petrol price Government will review the decision in keeping with the election manifesto promise

18:44

»Rate of tax on Polyurethane Foam (PUF) rationalized

»Enhancement of Composition Tax from existing 05% to 07% (for establishments serving food and non-alcoholic beverages) and from 08% to 10% (for serving food and alcoholic beverages).

18:43

»‘Tea Power and Coffee Powder’ to remove ambiguity on tea and coffee served hotels and restaurants

18:42

»High Bouquet Spirit to be included with Rectified Spirit to maintain uniform rate of tax of 20%.

»‘Biscuits, toast, cake and pastries / puffs manufactured and sold within the State’ to bring clarity in the correct rate of tax being levied on cooked food items like pizza, burgers, etc.

18:41

»IT products brought on par with other goods to do away with special dispensation of levying tax @ 0.25% only in the course of inter-State sales against C – Form

»Mobile phones costing above ` 12,000/- to be levied higher rate of tax under VAT and hence, to be brought under Residuary Schedule of the VAT Act, 2005

18:40

»CFL and LED bulbs and tubes as well as sanitary napkins to be brought under Residuary Schedule of the VAT Act, 2005

18:37

»Anticipated increase is ` 1054 crores upon recommendation of 14th Finance Commission. Need of tapping of additional resources by rationalizing existing tax levies

18:36

»CM begins with tax proposals

18:34

»Goa State Photo Contest from this year for youngsters, Lokotsav to go international

18:33

»Electronic Manufacturing unite at Tuem, Pedne and IT park at Chimbel on Kadamba plateau.

18:26

»4 times value of land acquired for Mopa air port, with provision of Rs 50 crore as initial allocation.

18:24

»Rs 20 cr provided to implement Mayem Evacuee Act, Rs 15 Cr for Zuaringar market

18:20

»Rs 20 crore to Housing Board for housing at National Games, to be provided later to lower income groups.

18:18

»Swarozgar Goa Bazaar with stalls for self-help groups and exhibitions for tourists, also a non-conventional resource research centre.

18:13

»Rs 7 Cr for Panchayats, Rs 5 Cr to ZPs for rural infrastructure development. Rs 11.76 cr to 55 mining affected panchayats.

18:12

»CM claims 73% crime detection rate with 2569 cases detected out of 3529 registered.

18:10

»Goa Shipyard given order of Rs 32,400 Cr for 8 years, generating jobs for 10 to 15,000 locals.

18:07

»Integrated Skill Development scheme renamed as Vishwakarma Kaushal Yojana for training & development of crafts.

18:06

»Rebates & concessions for industry expansion or new industry if 20 new jobs created.

18:05

»Innovative and social acceptable mechanism to make land available for industry

18:01

»50,000 jobs in next 5 years with investment of Rs 25,000 Cr, providing high quality infrastructure & 24x7 high quality power.

17:59

»Tourism Promotion & Marketing Board to be set up under Tourism Dept

17:56

»Eco friendly huts, cottages, tents without land conversion with conditions for land usage.

17:55

»Special status to Eco Tourism in Pernem, Sattari, Dharbandora, Sanguem, Quepem & Canacona.

17:54

»New convention centre at Dona Paula in Panaji with Rs 10 Cr provision with world class facilties

17:53

»Tourism allocation increased from Rs 141 cr to RS 260 cr

17:50

»68 new beds at PHC level hospitals, Shiorda (12), Cansaulim (32), Quepem (24).

17:46

»MSc in Nursing to start with 20 seats, separate unit for AYUSH to start at Health Dept

17:44

»2 Rakshak Puraskar for coming to aid in case of violence against women - to social workers, Drs, lawyers & even drivers, to be given on 15 Aug

17:42

»2 Veerjyoti Puraskar to women showing bravery against any atroicity or violence, to be given on 26 Jan

17:38

»Mamata scheme for girl child enhanced with cash benefits at 5 stages from birth to higher education.

17:34

»State of Art ITI to be set up at Porvorim for skill development in IT & ITeS like hospitality, banking & retail

17:32

»One more ITI to be set up in Dharbandora, greater linkages between industry, vocational, school & colleges.

17:31

»Global School of Tourism & School of Strategic & Security Studies to be started at Goa University for post-graduation.

17:30

»Goa Bal Puraskar for 1 student each in academics, sports, art & culture, science and music, to be given on 19 Dec.

17:28

»Cyberage Scheme of laptops & tablets for students to continue. Backlog to be cleared by June 2015.

17:27

»Wi Fi hotspots to all schools, colleges and Goa University

17:24

»Allocation for education increased by Rs 230.76 Cr, to RS 1116.24 Cr

17:23

»New fishing ramps at Ambelim, Saleri and Cola

17:22

»Fish landing centres of Chapora, Malim, Cortalim & Cutbona to be upgraded at cost of RS 100 Cr

17:21

»Fisheries allocation increased to RS 70.59 cr

17:20

»Ultra modern state piggery breeding farm planned, unique in India, with 1000 pigs & processing plant.

17:18

»Milk production increased by 94.44%, from 36,000 litres per day to 70,000 litres per day in 14.15.

17:10

»Allocation to animal husbandry increased to Rs 125.21 Cr.

17:09

»Allocation for horticulture increased to Rs 391.68 Cr and to agriculture Rs 195.88 Cr

17:08

»Debt relief distributed to 8397 beneficiaries total amount of Rs 112.55 Cr

17:07

»Mining set to resume very soon, says CM, but does not state any particular date in the budget

17:03

»Provision of Rs 120 Cr made to compensate mining stakeholders till mining resumes.

17:02

»Round the clock water supplied now to Mormugao taluka from January 2015.

17:01

»Provision made of Rs 34.70 cr to compensate farmers affected due to Tillari dam project

17:00

»CM confident of winning Mhadei water dispute before the tribunal

16:59

»Allocation for water resources for farming increased from Rs 290 Cr to Rs 350 Cr

16:56

»700 free water connections to 8 townships & 16,000 persons in villages in one year.

»Allocation for power development increased from RS 244 Cr to Rs 651 Cr. Street lights to be replaced with LED for energy saving.

16:54

»Talpona-Galgibag bridge to cost Rs 280 Cr & Ribandar by pass to cost Rs 120.59 Cr

16:52

»Zuari bridge proposal submitted to centre with estimate of Rs 18000 Cr

16:50

»GSIDC budget increased by three times, to Rs 700 Crore to take up several infrastructural plans

16:48

»Miramar-Dona Paula road would be completed at Rs 122 Cr, St Inez creek at Rs 68 Cr

16:45

»Providing world class infrastructure would be the main focus of the budget, says CM.

16:44

»Revenue surplus would be historic Rs 408.18 cr in this budget

16:43

»Plan size for 15-16 increased by 26.48%, from Rs 4985 Cr in 14-15 to Rs 6900 Cr in 15-16.

16:41

»Budget size for 15-16 increased by 26.48%, from Rs 10,540 Cr in 14-15 to Rs 13,331.44 Cr.

16:37

»Goa's growth rate rose to 19.8% in 2014-15, says CM Parsekar, overcoming deficit from 2012-13

16:36

»CM Parsekar starts in Konkani, shifts to Marathi and then English while presenting budget

16:34

»Govt managed finance in spite of deficit of Rs 1500 crore due to mining ban

16:30

»CM Laxmikant Parsekar rises to present his maiden budget of 2015

14:53

»Get Goa budget live on goanews.com from 4.30 pm onwards, the maiden budget of Chief Minister Laxmikant Parsekar.


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Goa Government must demolish all old Markets and reconstruct New Markets with a modern day planning. Ground Floor – Shops starting from 10 sq.mtrs. to 25 sq.mtrs, First Floor – Commercial Offices, Second and Third Floors – Residence.

 
Mathew Dias , Goa

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