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
Y Governments, Police and Judiciary Silent over this serious matter? If Bajarangdala is taking weapon training it is not ((Desh Drohi)) ???
we cannot image India's future. if allow like, India will become Afghanistan if not taken any strict action definitely one day india will lose its all....
Fake news and Fake photo ... stop this nonsense CD .. Hahahaha shaji heltavne kelrappo .. andaman ge kaluhisabekanthe ... andu ameekondu koorappa saaku .. even if it is true , its not a surpise at all ... we must be armed to protect bharath mata ... we are not violating indian laws and we are using common weapons ... bholo bharath mata ki jai ...
MODI original collection next future plan to attack muslims....
RSS is another face of devil. Thisz terrorist and anti indian outfit should be banned immediately and all its assets be seized. Arrest the terrorists carrying out the training and debar them to Andaman Nicobar islands for ever.
So government itself supporting all this activities, then catching the innocent and framing as TERRORIST.
ALL FAKE NEWS..
where is Indian law here..
another face of ISS is RSS
Indian Taliban
these outfit is more dangerous than isis to the country....
#BAN RSS,BD,VHP# AND SAVE INDIA
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