He said the public sector enterprises (PSEs) have been playing a vital role in the economic development of the State.
has ushered in a new era of transformation of the system by providing responsible, transparent, accountable and corruption-free governance in the state.
Direct benefit Transfer (DBT) is one of the major milestones in this direction, under which about Rs 571 crore have been saved so far through weeding out ineligible beneficiaries under various welfare subsidy-oriented schemes, he said.
He said the public sector enterprises (PSEs) have been playing a vital role in the economic development of the State.
The performance of PSEs has improved over a period of two years not only in the terms of number of profit earning PSEs but also in the terms of reduction of losses.
Out of the 22 PSEs registered under the Companies Act, 1956, 15 PSEs earned a net profit of Rs 299.85 crore in 2015-16 as compared to 13 PSEs in 2013-14.
The profit earned by these 13 PSEs was Rs 803.92 crore.
The number of loss making PSEs reduced to six in 2015-16 from nine in 2013-14, he said.
The losses reduced drastically by 78.67 per cent to Rs 811.63 crore in 2015-16 from Rs 3806.38 crore in 2013-14.
Similarly, 19 PSEs registered under the Cooperative Societies Act have also been able to reduce losses, thereby showing sign of improvement.
The number of PSEs that were under losses reduced to 11 in 2015-16 from 13 in 2013-14 and the losses reduced to Rs 407.70 crore in 2015-16 as compared to Rs 435.39 crore in 2013-14, he said.
The number of profit making PSEs increased from five to six. The total accumulated profit rose from Rs 451.07 crore in 2013-14 to Rs 468.02 crore in 2015-16, he said.
The budget also proposed a hike of 59.10 per cent in the allocation of funds for the sports and youth affairs at Rs 535.36 crore.
"I urge the youth to recognise their hidden talent and come forward to contribute their energy towards the state and nation building," said the minister in his speech.
Expressing the government's commitment to make the younger generation educated, virtuous, skilled and ready-to-walk-into-industry, the finance minister said the Budget has allocated Rs 14,005 crore for Education in 2017-18 against the revised estimate of Rs 11,825.67 crore in 2016-17, showing an increase of 18.43 per cent.
Abhimanyu said the digital tools were being put to good use to empower teachers, students and other stakeholders in the schooling system.
The department has developed an elaborate MIS Portal to ensure fairness, transparency and accountability and simplification of administrative and academic processes in the school administration, said the minister.
Giving technical education "a decisive push," the FM proposed an outlay of Rs 487.84 crore for Technical Education Department in 2017-18.
The state government has built five new polytechnics at Indri (Mewat), Malab (Mewat), Chhappar (Dadri), Mandkola (Palwal) and Shergarh (Kaithal).
Further, an MOU has been signed with the Ministry of Small and Medium Enterprises (MSME), Government of India to run a tool room / technology centre as well as a polytechnic in the village Neemka (Faridabad).
Two new Government Polytechnics-cum-Multi Skill Development Centres are being set up at Panchkula and Rewari at an estimated cost of Rs 38 crore and Rs 16.85 crore, respectively, he said. MORE
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
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