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Tripura Budget 2016-17: No new taxes proposed as the state deals with deficit

The Finance Minister of the state of Tripura Tapan Chakraborty has presented the state’s budget for the financial year of 2016-2017 with the total 15,057.98 crore and total expenditure at Rs. 15,246.52 crore keeping aside a deficit of Rs. 188.54 crore.

  • However the finance Minister has said that the government would recover the deficit by advancing tax collections. The state has 8,132 localities, out of which 6,995 are connected to all-weather roads.
  • The minister also said that super-fast trains from next month onwards will connect the state with rest of the country. The state also has given 75.726 acres of land to the Airport Authority of India to upgrade the Agartala airport. Thereby the state is soon going to be the third international gateway of the country after Mumbai and Chennai.
  • He further added that the state will provide special importance to improve its production of power as it has already finished constructing a 400 kv transmission line from Suryamaninagar to South Comilla in Bangladesh in order to transport 100 MW power from the state. He lastly added that the state has already improved its healthcare system, supply of drinking water and setting up of good infrastructure in Tripura Tribal Areas Autonomous District Council Area (TTAADC).

(Source: Business Standard)

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