Bengaluru, Mar 4: CM BS Yediyurappa may reconsider plans to hike taxes and curtail populist schemes in his budget on Thursday as the Centre released part of GST compensation it owes the state. Officials said the Centre released the first instalment of the bimonthly compensation for October-November amounting to Rs 2,013 crore.
"This is welcome relief as the government has been scrambling to mobilise funds," said BT Manohar, member of GST consultative committee, government of Karnataka. The second instalment of Rs 1,523 crore is also expected to be released soon.
The CM, in his seventh budget, is expected keep the focus firmly on farmers and give top priority to irrigation, agriculture and welfare schemes.
The irrigation sector is expected to land the lion's share with an allocation of at least Rs 25,000 crore, followed by agriculture. Former CM Kumaraswamy had allocated over Rs 17,000 crore for water resources.
The bulk of funds is likely to go to the Upper Krishna (UKP) and Upper Bhadra projects, as it will help backward Kalyana Karnataka and central Karnataka regions. The two are also significant political blocs. The government will also seek assistance from the Centre for the UKP project in the erstwhile Hyderabad-Karnataka region, which enjoys special status under the Constitution owing to its backwardness. P4
Yediyurappa is also expected to spell out populist schemes for the poor.
Former CM HD Kumaraswamy had allocated Rs 17,212 crore in the previous budget for water resources and Yediyurappa is likely to go well beyond that figure. "Priority will be given to irrigation and farmers," Yediyurappa had said recently. "I am making efforts to present a budget within the financial constraints."
he amounts are released once every two months, but the Centre had fallen behind on payments. PX
"There are indications that another payment will be made."
The state's optimism stems from the fact that the Centre's GST collection crossed the Rs 1 lakh crore-mark for four successive months till February.
However, the CM could still hike tax rates marginally. At a pre-budget meet on resource mobilisation where Yediyurappa is learnt to have expressed willingness to borrow funds, officials from the finance department advocated raising tax rates instead.
Addressing presspersons in Vijayapura, he said that the report was aimed at defaming the Congress leaders and not to bring out the truth. “The report had several flaws and it was not true. With several lacunae in the report, the government rejected it,” he said.
Comments
This fake guy....Waste body ever i have seen in this World.
I challenge you that i know about Islam more then this Guy...
I request Muslim Scholars please try to Educate him about Islam.
Muslim leaders in congress looting their own community properties.
All politicians all over India already looted Wakf properties. No one is there to ask them.
Nowadays Chaddi gone Trouser came, Linga gone Mr Yeddi and Mrs Shobakka came, Anwaranna why you look worried? be happy looters have already looted and enjoyed, who is not corrupted in this world Anwaranna, looks now you are wearing Chaddi after Trouser bit difficult!!! do not worry we will see some other options, Wakf property's Next term for your goons, terms and terms, but looters and Criminals same like RSS Goondas, no changes.
Enjoy Anwaranna, you collected false documents some one then how can you prove???
Jai Hindustan
Jai Siddanna.
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