The has roped in Indian Institute Of Management (IIM) Ranchi as a knowledge partner for preparing the budget. The decision to this effect was taken at State cabinet meeting on Wednesday. The State Cabinet on Wednesday gave its nod for nomination of IIM, Ranchi as knowledge partner for pre budget workshop on an annual fee of Rs 12.50 lakh.
The task of IIM Ranchi will be to collect feedback from people about the budget and based on peoples feedback and inputs of the institute, the management institute will provide necessary suggestions on how the budget will be.
People will provide inputs about the proposed budget in the portal Harmar budget. State Finance Minister RameshwarOroan said, This is for the first time that the state government has joined hands with IIM Ranchi for preparing the budget. IIM, Ranchi as knowledge partner for pre budget workshop will collect peoples feedback. The initiative is for the first time as the government plans to prepare a budget which is for people. Feedback of all sections of Society will be collected so that a better budget is prepared.
Meanwhile, IIM director Shailendra Singh said that IIM will collect feedback from all sections of society so that a better budget is prepared.
As far as budgetary allocations are concerned a bulk allocation of 14.52 percent was given to Education, 14.16 percent to the rural development, 8.55 percent to Health and drinking water, 8.33 percent to Police and Disaster Management department, 8.05 to percent welfare and social welfare and 7.45 percent as pension. Sources said that this year too such provision will be made with focus on social and welfare sectors.