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Brief summary of the State BudgetsON APRIL 24, 2018 BY NARESH SAGARLEAVE A COMMENTEDIT Brief summary of the State Budgets The state governments have announced their annual Budgets 2018-19 making allocations in important areas relating to socio-economic welfare. A summary of the state budget highlights is given below: 1.         Jammu & Kashmir The budget of Jammu and Kashmir 2018-19 has been designed in order to promote all round development in the state. Various reforms have been set for meaningful public policy interventions. The fiscal deficit previously estimated at around 9.5 % has actually turned out to be around 5.7%. The state government will provide freight subsidy to the industrial units located in the State and transporting their manufactured goods beyond 1000 kilometres outside the state. The government will also make available refund of SGST to all the industrial units, which were hitherto eligible for VAT exemption. 2.         Himachal Pradesh The budget of Himachal Pr…

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