Goa: Parrikar announces Rs 11 cut in petrol prices

Goa CM Manohar Parrikar presented a populist budget by slashing petrol prices by Rs 11 and setting target of 15 percent GDP growth for the next fiscal.

Last Updated: Mar 27, 2012, 15:21 PM IST

Panaji: Goa Chief Minister Manohar Parrikar
Monday presented a populist budget by slashing petrol prices by
Rs 11, announcing Rs 1,000 allowance for housewives, proposing
to stabilise domestic gas cylinder prices, and setting target
of 15 per cent GDP growth for the next fiscal.

Parrikar, who holds finance portfolio, said that VAT on
petrol would be almost abolished. There would a VAT at 0.1 per
cent, just to keep a sale record. This, Parrikar said, would
cut petrol prices by almost Rs 11 per litre. Current price of
petrol in Goa is Rs 65 per litre.

The Chief Minister also proposed that housewives from the
families with annual income less than 3 lakh would be given
`renumeration` of Rs 1,000 per month.

Domestic gas cylinder prices, as of March 16, 2012 (when
Union Budget was presented) would be frozen for the next five
years. "Union budget has created a fear of further spiralling
of the prices of domestic cylinders. The endeavour of my
government is to ensure that people living in Goa should be
spared this inflation," Parrikar said.
The BJP-led government also announced hike in allowance
paid under Dayanand Social Security Scheme, from Rs 1,000 to
Rs 2,000 per month. It covers senior citizens, widows, women
abandoned by husbands, disabled and people affected with HIV.

Parrikar also said that the target for the next fiscal
was to achieve 15 per cent gross domestic product growth from
the existing 8.3 per cent.

There will be additional revenue mobilisation to the tune
of 15 per cent, and revenue deficit would be wiped out by
implementing planned projects, he said.

The BJP-led government, which came to power after the
recently held elections, termed budget as "for parivartan
(change)". Taking a dig at previous Congress-led government,
Parrikar said, "Now onwards, Goa will be governed only by
Goans and not remote-controlled by people sitting in Delhi."
The state would be made investor-friendly by offering
time-frame to clear the files, he assured.

PTI