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UP Budget 2017–2018 Yogi Adiyanath Govt First Budget Announcements List


UP Budget

UP Budget 2017: As per the latest announcements, Yogi Adityanath government has launched his first financial statement in the form of UP Budget. The Finance Minister Rajesh Agrawal presented a budget of Rs 3.84 lakh crore in the House, which is the biggest budget for Uttar Pradesh till date. The budget session of the Uttar Pradesh Legislative Assembly begins on Tuesday with the presentation of the first annual budget  list of the BJP government, even if the opposition parties are ready to surround the Chief Minister Yogi Adityanath on law and order in front of the system and on other issues. Get entire information related to UP Budget 2017 – 2018 from here as given by the dedicated by the group members of www.privatejobshub.in

UP Budget

UP Budget

Yogi Adiyanath Govt First Budget

On 28th July, the session, which will end, is likely to be witness to fireworks, crime and farmers' problems to increase the problem of opponent Congress problem. Congress Legislature Party leader Ajay Pratap Lalu told PTI, "From Agra to Kushinagar, farmers have committed suicide due to the debt burden, but the state government has failed to come out with a clear policy of debt waiver."He said, "We will also raise the issue of deteriorating law and order." In a similar vein, Samajwadi Party spokesman Rajendra Chaudhary said that apart from screaming his party, "water issues" will raise the issue of the state, "increasing crime graph", especially facing the farmers.

UP Budget

The traders raised the objections against the GST regime must be highlighted which is decided by both Congress as well as SP In which some tax is mentioned on the goods, it would be critical to small and medium enterprises. A senior party leader said that the BSP would also look for the government on many issues, especially in front of law and order.

UP First Budget

As per the schedule approved by the President, Haridnath Dixit, there will be 14 meetings in the session. Different days have been fixed for discussions about the budget of 2017 - 2018 and before the passage there are budget provisions for the departments. The last Akhilesh Yadav government presented a vote for the period ending on 31st July this year in December last year.

Apart from the budget, there will also be some governmental business in the House. In the 403-member house, the BJP and its associates have huge strength of 325, while the opposition has only 74 MLAs. In the first session of the Uttar Pradesh Legislative Assembly, after the BJP came to power in March, demonstrators protested against opposition parties, in which the governor's law and order situation was opposed by plankers and threw the balls of Governor Naik Naik Was there.

UP Budget

Opposition leader Ram Govind Chowdhury said to newstrack.com?
  • We are not less than issues because the government has not yet fulfilled any of its promises
  • This law and order, loan forgiveness of farmers, supply of power or protection of women, the Yogi Government has failed to change its hollow promise in reality.
  • The government has not worked so far.
  • We will definitely ask questions to get the right answers in the assembly
  • We are ready, the Yogi claims the government
  • The UPA Government, however, has full confidence in the smooth functioning of the assembly during the budget session. The government believes that the work done during the first 100 days has never been done under the rule of other parties.
The government claims that there was a huge success against the team of Romeo as the cases of tampered with women were not only stopped in the state, but also strict action has been taken against serious criminals.
The state government has also claimed that without the allocation of the appropriate budget, they have made roads more than 70,000 kilometers of the state free of rooftops. It was further claimed that all the district headquarters are getting 24 hour power while the village is getting 18 hours power supply.

UP Budget live updates
  • Grant of one lakh to those who visited Kailash Mansarovar, 10 thousand per person plan for Sindhu Darshan
  • A budget of 100 crores for distributing bags to children in schools.
  • Arrangement for connecting major cities with cheap air services, Agra airport will be developed and upgraded, along with extension of helicopter service.
  • 33,200 policemen will be recruited.
  • Rs 3 thousand crore for the Prime Minister's Urban Housing Scheme, Rs 200 crore for special plans of Bundelkhand and Rs 300 crore for P. Deendayal Upadhyay Nagar Vikas Yojana.
  • 55 thousand 781 crore new schemes included in the budget - Finance Minister

UP Budget

About UP budget (expectations)

It will be the first complete budget of the Yogi Government and it is hoped that the State Finance Minister will suggest some suggestions for the implementation of the loan waiver scheme for the farmers, who are seriously affecting the government. It is expected that in the 2017-2018 budget, Rs. 36,000 crores for crop loan exemption

Budget will be presented on July 11, while approval will be given on July 28. According to BJP, the first budget will be dedicated to the villages, the poor, the farmers and the youth.

For the implementation of the recommendations of the Seventh Pay Commission, the required amount of Rs 34,000 crore

"The Yogi Sarkar is working hard to fulfill all the promises made by the BJP in its election manifesto. Like the Center, the state government will also be dedicated to the villages, the poor, the farmers and the youth," BJP spokesman Manish Shukla said. Claimed, "This would be a historic budget.

Top 10 expectations of real estate sector from Budget 2017

Status of Industry
Single window clearance
Financial protection from project delays
I-T sops for first-time home buyers

Simplified tax norms for REITs
Higher tax saving on home loan & home insurance premiums
Clarity on GST
Raise house rent deduction limit and Digitize all land records

Individuals are advised to have a look on Explanation of Top 10 expectations of real estate sector from Budget 2017

Status of Industry

The Real estate sector contributes to over 15% of India’s GDP directly or indirectly. It has been asking for industry status for quite some time now.

Single window clearance
  • In order to develop and execute real estate projects on time, various government clearances should be given on time.
  • Single window have demanding by the developers, withdrawal for long time to eradicate technical delays, which in turn may delay the delay in homes
Financial protection from project delays
  • The reduction in the interests of self-occupied houses has come down from Rs. 2 lakhs. For housing units under construction, if manufacture is completed after 3 years, the deduction is only 30,000 rupees.
  • This 3 year period starts from the end of the year in which the loan was taken

I-T sops for first-time home buyers
  • Can the household buyer get additional income tax incentives for at least five years for the first time in search of an economical project? The budget should highlight more on this.
  • Any attempt in this direction will help the government move closer to its objective of providing housing for all by 2022.
Simplified tax norms for REITs 
  • Due to the presence of many taxes, we have not seen any REIT listings till date, till the tax obstacles are removed for developers and asset holders; it is highly unlikely that we will see any REIT listing. Government should see:
  • Reduced level of taxation of REIT income 
  • Waiver of capital gains for the developer at the time of transfer of property into REIT 
  • Removal of service tax on lease premises 
Higher tax saving on home loan & home insurance premiums

The government should increase the tax deduction limit for housing loans, especially for buyers in metropolitan cities.

Clarity on GST

Although the goods and services tax (GST) tax structure has been announced, the real estate industry is waiting to take breaths to see the rate of tax in the real estate and construction industry to be implemented.

Raise house rent deduction limit
  • The salaried person receives home rent allowance (HRA) as a component of his total wages, and therefore can claim a deduction.
  • This deduction can be important in cases where salary and its HRA components are high.
Digitize all land records

To make them easy and transparent you can digitize all land proceedings and registration process. 

Government of Yogi Adiyanath has launched various schemes time to time to fulfill all the required needs of poor peoples. We have provided entire details time to time related to All the Yogi Adiyanath Schemes. This time we have mentioned the information related to UP Budget 2017 – 2018. So, go through this page and get complete information from here.

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