Punjab Budget: Retirement age reduced to 58, big announcement – new recruitments will start soon

Special things

Finance Minister Manpreet Singh Badal presented the Punjab Government’s budget for the year 2020-21. This is the fourth budget of the Congress government of Punjab. The impact of Aam Aadmi Party’s victory in Delhi on the budget can also be seen. This is also because after the victory in Delhi, AAP’s target is now Punjab Assembly elections.

live update

12:26 PM, 28-FEB-2020
There is a provision of 2000 crores in the budget for the overall debt waiver of farmers and 25 crores in the budget for the management of livestock animals. Free education has been announced to all children till 12th standard. Make in Punjab has been announced. It is proposed to construct three mega industrial parks. These parks will be built in Ludhiana, Bathinda and Fatehgarh Sahib.

12:09 PM, 28-FEB-2020
Finance Minister Manpreet Singh Badal said that Punjab’s budget is more than last time. This time the budget is Rs 154805 crore. Farmers’ income has increased by 35%. The income of farmers increased by Rs 44000 crore due to food procurement.

12:00 PM, 28-FEB-2020
8275 crore rupees will be given free electricity to farmers. Hospital will be built in Hoshiarpur Jail. Drug de-addiction centers will be opened in five jails. A provision of Rs 132 crore was made for modernization of police. A provision of Rs 270 crore has been made for sports in the budget.

11:46 AM, 28-FEB-2020
The Finance Minister said that six percent DA will be given to employees from this March. Pay commission will also be applicable this year. Because the financial condition of Punjab has improved. Punjab has become the primary surplus state. Spending and income have become the same since 2006.

11:42 AM, 28-FEB-2020
The government has reduced the retirement age of employees from 60 to 58. A provision of 520 crores has been made for loan waiver of landless farmers. A provision of Rs 25 crore has been made for the care of stray animals. Mandi fees are proposed to be reduced from four to one percent.

11:31 AM, 28-FEB-2020
Finance Minister Manpreet Badal is presenting the budget. Parliamentary Affairs Minister Brahm Mohindra moved a motion of condemnation and a breach of privilege against the Shiromani Akali Dal. A proposal has been moved to give the matter to the Committee of Privileges.

11:22 AM, 28-FEB-2020
Finance Minister Manpreet Badal has reached the assembly. At present, the budget session has been postponed for 20 minutes.

11:10 AM, 28-FEB-2020
The Akalis, who surrounded the finance minister’s cell, have been arrested. During this, there was also a furore between the police and the Akalis. The Aam Aadmi Party is also protesting outside the assembly.

11:03 AM, 28-FEB-2020
Parliamentary Affairs Minister Brahm Mohindra said that stopping the Finance Minister like this on a budget day is probably the first event. Chandigarh police is also unable to do anything. A motion for breach of privilege should be brought against the Akali Dal. The speaker said that this proposal is made.

11:00 AM, 28-FEB-2020
The Akalis have laid siege to the residence of Finance Minister Manpreet, due to which they are not able to leave for the Assembly. The Finance Minister was supposed to start the budget speech from 10.30 am today, but he has not reached the assembly yet.

12:46 AM, 28-FEB-2020
Punjab Budget: Retirement age reduced to 58, big announcement – new recruitments will start soon
The Budget 2020-21 of the Captain Amarinder Singh Government will also be a deficit budget. In the last budget, all the targets of revenue receipts of the state government, which were set on GST, excise, non-tax revenue, have not exceeded 60 to 70 percent. In such a situation, the biggest hope for the state government in the new fiscal year is 5 lakh crores approved by the Central Finance Commission for Punjab.