Odisha CM Critical On 6 Points In Union Budget 2020

Bhubaneswar:  Odisha Chief Minister Naveen Patnaik has expressed concern over stagnancy in almost all allocations under the centrally sponsored schemes.

He has pointed out that the divisible pool of Central Taxes has shrunk by almost Rs 59,000 crore which will reduce Odisha’s share by about  Rs 3000 crore.

Patnaik has expressed his disappointment over non-inclusion of any of the archaeological sites of Odisha in the list of iconic sites to be developed adding that Odisha also deserves a National Tribal Museum.

Pointing out that drinking water being a national priority, allocation of Rs 11,500 crore nationally against an approved plan of Rs 3.6 lakh crore is too little and added that Odisha spends about Rs 3,600 crore on drinking water.

 Patnaik stated that Sensex is an indicator of investor confidence, the drop of almost 1000 points today shows that there is a huge scope to take a number of measures.

He has further pointed out that investor confidence is important for fresh investments to come in, to spur growth which is the biggest challenge now and added that this will have a huge impact on job creation and livelihood options for our youth.

While the Chief Minister has expressed concern on the aforementioned points, he has welcomed Krishi Rail and Krishi Udan for a seamless national cold supply chain; PM — KUSUM to cover 20 lakh farmers for solar pumps; removal of dividend distribution tax and introduction of concessional component tax; announcement of concessional tax rates for cooperatives; increase of deposit insurance coverage from Rs 1 lakh to Rs 5 lakh; and announcement for New Education Policy and FDI in the education sector.

Naveen Patnaik, Chief Minister, Odisha


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