“The forest department in the State should start assessing the total green loss every year so that budgetary allocation can be made.
CM Basavaraja Bommai said he was hopeful that the decision will help the recovery of 50 to 60% of the green loss and ensure a sustainable life for the next generation.
The surrenders were mainly attributed to non-release of Central share, dropping and non-sanction of projects, delay in the approval of Expenditure Finance Committee (EFC) and Covid-19 lockdown.
Out of the total Rs 937 crore allocated for the financial year 2020-21, only Rs 263.667 has been allocated to deal with natural disasters.
The fiscal deficit will be overcome through borrowings, with the government of India permitting borrowings to the extent of Rs 1684.41 crore, the CM said.
The government incurred an expenditure of Rs 8,342 crore as against the total outlay of Rs 9,000 crore which works out to 93 percent of the estimated expenditure, said LG Tamilisai Soundararajan
After the customary address of the Lt Governor and the election of the Deputy Speaker on August 26, the Chief Minister who holds the finance portfolio will present the budget
He said that budgetary allocation for defence has gone up manifold ever since Modi assumed office at the Centre.
The Chief Minister also said the people of Tamil Nadu had never forgotten the unfulfilled promises of the AIADMK during its earlier regimes.
As the first ever e-Budget in the state, it is also being hailed as a prelude to the government’s efforts to make governance tech-driven and paperless.
Rolling out visionary goals for overall development of the farm sector, the budget laid special focus on the need for popularising organic farming in the State.
The move will help form a framework on guidelines and strategies to be adopted for cultivation, value addition, and marketing techniques to meet the export standards.
The centre, to be set up at a cost of Rs 1 crore by the state government, will house shops selling farmers' produce, products of farmer producer organizations and organic products.
Special scheme for promoting organic farming, an initiative to turn agriculture graduates into agricultural entrepreneurs and the setting up of a separate museum for agriculture in Chennai announced.
New scheme has been announced for organic farming will be implemented; a separate department will be created for organic farming.