NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Politics News / Back from hospital, Goa CM Manohar Parrikar presents Budget
    Next Article
    Back from hospital, Goa CM Manohar Parrikar presents Budget

    Back from hospital, Goa CM Manohar Parrikar presents Budget

    By Krunali Shah
    Feb 22, 2018
    08:08 pm

    What's the story

    Goa CM Manohar Parrikar presented the Budget, merely hours after being discharged from the hospital. He was rushed to the hospital on February 15 for inflamed pancreas. He underwent treatment at Mumbai's Lilavati hospital.

    Owing to his ill-health, the session was curtailed to just four days.

    The assembly passed the vote-on-account budget for five months; the full-fledged budget is scheduled for the monsoon session.

    Do you know?

    What did Parrikar say in his speech?

    During his brief address, Parrikar thanked everyone for their prayers at "various temples, churches, mosques and in other way." He asserted that "for complete recovery," doctors have asked him to take certain precautions. He, however, promised to "discharge his regular duties and obligations" as CM.

    Details

    What about the Budget?

    Parrikar apologized for not being able to present an elaborate budget.

    He proposed a budget of Rs. 17,123cr, an increase of 6.84% from last year.

    As expected, employment generation was the budget's main focus, with Rs. 548cr being allocated to industry, labor, employment and information and technology.

    The education sector also received a major bonus, with a provision of Rs. 2,445cr.

    Economic Survey

    Meanwhile, what did the Economic Survey indicate?

    The Economic Survey released earlier indicated that Goa's public debt, majorly attributed to central and market loans, is an issue of concern.

    The survey elaborated that in 2016-17, it was Rs. 11,344cr, which will increase to Rs. 13,203.4cr in 2017-18.

    However, though debt is increasing, the debt to GSDP ratio has been on the decline from 25.21% in 2016 to 23.88% in 2018.

    Industry expectations

    Separately, what was the industry expecting from the state government?

    Further, industry leaders expected government to clarify its position on mining industry, once the highest contributor to state's GDP. Presently, it is suffering due to suspensions and high taxes.

    Goa Chamber of Commerce and Industry (GCCI) stated that 50,000 jobs can be created by attracting investment worth Rs. 25,000cr, if tax exemptions are offered.

    Confederation of Indian Industries (CII) also suggested creating tourism zones.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Goa
    Manohar Parrikar
    Economic Survey

    Latest

    'Every terrorist now knows price of removing sindoor': PM Modi Narendra Modi
    Amazon-backed supermarket chain More Retail eyeing ₹2,000cr IPO in 2026 Initial Public Offering (IPO)
    Carlo Ancelotti appointed as Brazil head coach: Details here Carlo Ancelotti
    Huawei will soon bring humanoid robots to your home Huawei Technologies

    Goa

    49 prisoners take over prison in Goa India
    What are political parties promising Goans? Aam Aadmi Party (AAP)
    Can Jaitley fill the void left by Parrikar? Manohar Parrikar
    Cabinet reshuffle likely after April 12 Manohar Parrikar

    Manohar Parrikar

    Military Pact signed between India and USA USA
    India-B'desh talks begin; terrorism dominates agenda India
    Heartwarming at times, heartless at others, Delhi for you! Indira Gandhi International Airport (Delhi)
    Bengaluru: Rumours on demonetization of Rs 10 coins create panic Reserve Bank Of India (RBI)

    Economic Survey

    Delhi overtakes Mumbai as India's economic hub India
    Arun Jaitley presents Economic Survey 2016-17 to Parliament India
    India loses the fastest-growing economy tag to China India
    Budget 2018 likely on February 1, GST might affect presentation India
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025