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.
Comments
If you would like to improve your knowledge only keep visiting this
website and be updated with the hottest information posted here.
Also visit my blog - best vitamin oil for
skin: http://www.ibest.org.ma/component/k2/itemlist/user/317301
Hi there, yes this paragraph is actually good and I have learned lot of things from
it concerning blogging. thanks.
Also visit my web blog :: what is the best vitamin c to take: http://www.zgztjj.com/comment/html/index.php?page=1&id=200
I don't even understand how I finished up here, however I assumed this publish was good.
I do not recognise who you might be but certainly you are going to a famous blogger
when you aren't already. Cheers!
Here is my web-site; vitamin c e ferulic acid serum: http://www.dubarah.com/?option=com_k2&view=itemlist&task=user&id=2087732
Hello just wanted to give you a brief heads up and let you know a few
of the images aren't loading properly. I'm not sure why but I think its a linking issue.
I've tried it in two different web browsers and both show the same outcome.
my homepage :: best vitamin c serum for face: http://www.good-master.in.ua/index.php/component/k2/itemlist/user/122185
Pretty! This has been a really wonderful post. Thanks for providing this information.
My blog :: vitamin c serum reviews (http://a.web336.com/comment/html/index.php?page=1&id=53917: http://a.web336.com/comment/html/index.php?page=1&id=53917)
This website definitely has all the info I needed about this subject and didn't know who to ask.
my web page - vitamin c serums for skin: http://www.leon-print.ru/?option=com_k2&view=itemlist&task=user&id=5974…
Heya i am for the primary time here. I came across this board
and I find It really useful & it helped me out a lot.
I hope to provide something again and help others like you aided me.
Feel free to visit my blog post: williams allegro review: http://www.laalianza.net/profile.php?a=6241
Wonderful, what a blog it is! This web site presents valuable data to us, keep it up.
Check out my website :: best digital stage
piano: http://lxxedk.com/comment/html/index.php?page=1&id=2135
My partner and I absolutely love your blog and find nearly
all of your post's to be just what I'm looking for.
Would you offer guest writers to write content available for
you? I wouldn't mind publishing a post or elaborating on a lot of
the subjects you write in relation to here. Again, awesome web log!
Also visit my web page - best digital piano under 1000: http://www.sj1000.cn/comment/html/index.php?page=1&id=6613
What's up i am kavin, its my first occasion to commenting anywhere, when i read this piece
of writing i thought i could also make comment due
to this brilliant article.
Also visit my blog post :: daily
weight loss: http://zizhu111.com/comment/html/index.php?page=1&id=4359
Heya! I just wanted to ask if you ever have any
trouble with hackers? My last blog (wordpress) was
hacked and I ended up losing a few months of hard work due
to no back up. Do you have any methods to stop hackers?
Stop by my blog post: Waist Trainers - Declan: http://mosaic.ieat.ro/trac/ticket/39709 -
I've been browsing on-line greater than 3 hours lately, but I
by no means discovered any attention-grabbing article like yours.
It is pretty value enough for me. Personally, if all website owners and bloggers made good
content material as you did, the internet will probably be a lot more helpful than ever before.
Feel free to visit my homepage :: intwebdirectory.com: http://www.intwebdirectory.com/articles/22215-sound-guidance-on-how-to-…
Add new comment