karbi anglong kaac budget 2020 Archives

Highlights of Karbi Anglong Autonomous Council (KAAC) Budget 2020-21

– Detailed Analysis and Important Points –

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Karbi Anglong Autonomous Council (KAAC) Budget 2020-21

The Chief Executive Member (CEM) of Karbi Anglong Autonomous Council (KAAC) Tuliram Ronghang presented Rs 38.97 crore deficit budget for the year 2020-21 for the council.

An estimated expenditure is proposed at Rs. 225 crore (including HUDCO share of Rs. 40 crore) for the fiscal to carry out developmental activities, against the total estimated receipt of Rs. 146 crore (excluding HUDCO share of Rs.40 crore arpox.) leading to a deficit of Rs. 39 crore for the financial year 2020-21.

The KAAC revenue is derived from own sources as well as from State government and Government of India in the form of Grant-in-Aid and administrative charges.
The Council’s main sources of revenue are derived mostly from forest products, entry tax, professional tax, trade callings, land revenue, share of motor vehicle tax, sale proceeds from weekly markets, ghats, fisheries and cattle pounds. Also other sources of revenue are sale of district council receipt, court fee stamps and royalty from mines and minerals etc.
In order to increase the revenue kitty, the CEM also proposed new fee hike on trading license, transfer of land and other trades.
The KAAC is likely to receive an amount of Rs 50 crore of administrative charges and share of motor vehicle tax from the state government. Similarly, the KAAC would receive excise and export revenues from 2021
The MAC development fund has been increased to Rs 30 lakh from Rs 15 lakh. The state government has assured that the excise and export revenues will be handed over to the KAAC fully and the amount may touch Rs 100 crore from April next year.

Main features of the Karbi Anglong Autonomous Council (KAAC) Budget 2020-21

An amount of Rs. 180.00 lakhs has been proposed for pension of living ex-Member of Autonomous Council (MAC) of Karbi Anglong Autonomous Council.
Revenue receipt for 2020-2021 expected to get by Rs.1740.00 lakhs from Forest products.
Under Major Works budget provision been made available of Rs.700 lakhs and constituency development fund for Rs.780 lakhs.
MACs will be granted INR 30 lakh each for constituency development purposes.
Rs. 7 crore for major works, Rs 7.80 crore for constituency development;
Rs. 70 lakh to education department for scholarship and stipends for technical students (including IAS coaching);
Rs. 10 lakh for Centre for Studies in Karbi Language and Culture;
Rs. 50 lakh for Karbi Youth Festival;
Rs. 20 lakh for Karbi Lammet Amei;
Rs. 10 lakh for scholarship and stipends;
Rs. 10 lakh for purchase of vehicle for Karbi traditional king;
Rs. 3 lakh for TA & other allowances for Karbi traditional king and other customary heads;
Rs. 2 crore to urban development department for municipal and town committees;
Rs. 40 lakh for purchase of machinery and equipment; Under loans and advances,
Rs. 50 crore for construction of multi level parking at Diphu and multi storied commercial complex and KAAC Guest House at Diphu;
Rs. 7.50 crore for interest payment to HUDCO.