Provision of Rs.11 thousand 323 crore for health and family welfare
For women and child development Rs. 3511 crore provision
Gujarat's budget has been presented in the assembly by Finance Minister Nitin Patel. The modest increase in the size of the state budget is likely to be due to a sharp decline in government revenue due to the transition and lockdown of the cores. "Now we are coming out of the Corona epidemic," Finance Minister Nitin Patel said before announcing the budget. The people have supported me in the local body elections. PM Modi has inspired the countrymen by taking the vaccine.
This time the budget is to be presented keeping in view the development journey of Gujarat. Care will be taken for the development of the people in Gujarat and also for the development of their areas. The budget will be released in such a way that the formula of development for all will be realized.
Assembly Budget 2021-22 LIVE UPDATE
* For Statue of Unity Rs. 652 crore provision
* Finance Minister Nitin Patel presented a budget of Rs 2,27,029 crore
* Provision of Rs.11 thousand 323 crore for health and family welfare
* Provision of Rs.1349 crore for tribal development
* For women and child development Rs. 3511 crore provision
* Gujarat is coming out of Corona epidemic
* Provision of Rs 32,000 crore for education
Last year, a budget of Rs 2.17 lakh crore was released
I am confident that the amount I will announce in this budget will be of great benefit to the people for the development of every sector of Gujarat. With the overwhelming support of the people for our party in yesterday's municipal, district and taluka panchayat elections, it is now our responsibility to work for the betterment of the people and ensure that they get the maximum benefit. Last year, a budget of Rs 2.17 lakh crore was released, while this time the budget is likely to be Rs 2.25 lakh crore, sources said. Public debt will also increase in cases where the state government has to take a loan for GST compensation.
The paperless budget will save the state government Rs 44 lakh in paper and Rs 80 lakh
The paperless budget will save the state government Rs 44 lakh in paper and Rs 80 lakh
This time a paperless budget will be presentedLike the central government, the Gujarat government is going to present a paperless budget this time. However, the Gujarat government has gone one step further and developed the Gujarat Budget mobile application, in which all the budget documents will be uploaded and people will be able to get the information on their mobiles. The paperless budget will save the state government Rs 44 lakh in paper and Rs 80 lakh.
Become a mobile app for budget
Launching the Gujarat Budget mobile application, Deputy Chief Minister Nitin Patel said that Gujarat has become the first state in the country to create a mobile application for the budget. In addition to paper savings, a mobile application has been developed so that millions of citizens of the state can know the provisions of the budget with maximum use of technology. When the state budget is to be presented in the assembly on March 3, the budget speech of the finance minister can be watched live in this application. All budget documents and budgets for the last 5 years will also be made available on the application. Budget documents will be made available in both Gujarati and English languages.
In the first phase, it was decided to make the budget speech live through the mobile application
As part of the initiative to broadcast the proceedings of the Assembly live, it has been decided to make the budget speech live through the mobile app in the first phase. The application has been prepared with the approval of Chief Minister Vijay Rupani and Assembly Speaker Rajendra Trivedi.
What Is Insurance?
Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.
Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.
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Insurance
How Insurance Works
There is a multitude of different types of insurance policies available, and virtually any individual or business can find an insurance company willing to insure them—for a price. The most common types of personal insurance policies are auto, health, homeowners, and life. Most individuals in the United States have at least one of these types of insurance, and car insurance is required by law.
KEY TAKEAWAYS
Insurance is a contract (policy) in which an insurer indemnifies another against losses from specific contingencies or perils.
There many types of insurance policies. Life, health, homeowners, and auto are the most common forms of insurance.
The core components that make up most insurance policies are the deductible, policy limit, and premium.
Businesses require special types of insurance policies that insure against specific types of risks faced by a particular business. For example, a fast-food restaurant needs a policy that covers damage or injury that occurs as a result of cooking with a deep fryer. An auto dealer is not subject to this type of risk but does require coverage for damage or injury that could occur during test drives.
In order to select the best policy for you or your family, it is important to pay attention to the three critical components of most insurance policies—the deductible, premium, and policy limit
There are also insurance policies available for very specific needs, such as kidnap and ransom (K&R), medical malpractice, and professional liability insurance, also known as errors and omissions insurance.
Insurance Policy Components
When choosing a policy, it is important to understand how insurance works.
A firm understanding of these concepts goes a long way in helping you choose the policy that best suits your needs. For instance, whole life insurance may or may not be the right type of life insurance for you. There are three components of any type of insurance (premium, policy limit, and deductible) that are crucial.
Premium
A policy's premium is its price, typically expressed as a monthly cost. The premium is determined by the insurer based on your or your business's risk profile, which may include creditworthiness.
For example, if you own several expensive automobiles and have a history of reckless driving, you will likely pay more for an auto policy than someone with a single mid-range sedan and a perfect driving record. However, different insurers may charge different premiums for similar policies. So finding the price that is right for you requires some legwork.
Policy Limit
The policy limit is the maximum amount an insurer will pay under a policy for a covered loss. Maximums may be set per period (e.g., annual or policy term), per loss or injury, or over the life of the policy, also known as the lifetime maximum.
Typically, higher limits carry higher premiums. For a general life insurance policy, the maximum amount the insurer will pay is referred to as the face value, which is the amount paid to a beneficiary upon the death of the insured.
Deductible
The deductible is a specific amount the policy-holder must pay out-of-pocket before the insurer pays a claim. Deductibles serve as deterrents to large volumes of small and insignificant claims.
Deductibles can apply per-policy or per-claim depending on the insurer and the type of policy. Policies with very high deductibles are typically less expensive because the high out-of-pocket expense generally results in fewer small claims.
Special Considerations
With regard to health insurance, people who have chronic health issues or need regular medical attention should look for policies with lower deductibles
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