Bengaluru, Jan 6: Chief minister BS Yediyurappa has plenty on his plate ahead of the 2020-21 state budget to be presented on March 5 what with the economic slowdown and a sizeable shortfall in revenue, but the biggest worry is the uncertainty surrounding Goods and Services Tax (GST) compensation from the Centre.
There is also uncertainty over the state’s share under devolution of funds as per the 14th Finance Commission recommendation.
Finance department officials say that while Rs 3,500 crore is expected as GST compensation for every two months, the devolution of funds would have yielded about Rs 7,000 crore for the current fiscal. But the economic slowdown appears to have hit the Centre’s finances and is likely to impact the state’s share of funds.
“The GST payment for August-September came only in December and we are unsure how much we will get for October-November and December-January,” an official said. Estimates suggest the state’s share under devolution of funds could be reduced by half.
At a meeting of finance department officials last week, Yediyurappa is said to have admitted that unlike those states where non-BJP parties are in power — they have threatened agitations and court cases — the government cannot go “against” Prime Minister Narendra Modi’s regime.
Instead, Yediyurappa has urged senior IAS finance department officials to lobby for funds with their counterparts in New Delhi. On his part, Yediyurappa is said to have already written to Modi and finance minister Nirmala Sitharaman to at least release the state’s share of GST compensation for the current calendar year of 2019. He is planning to personally meet the PM in Delhi to push the state’s case.
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No Surprise, its BD culture
Mirchi time.. Naren n frends please comment :D
SAAYALI BIDI,NAAI MATTU BEKKU HEEEEEEEEEE
Look at the safety of India, they all Mother f**kers will release from the police custody very soon and repeat the same thing again, God should save India from these goons of BJP/RSS /VHP/BD
I don't understand like Goa why can't our Sidhuji's government ban this nonsense, ruthless, barbaric, terrorist and rapist outfit....
all bajrangdal followers are robbers only if they have work and qualification they would be working in good Environment without disturbing the nation peace.
this s personal rivalry, but accused must be punished.
why mentioning groups name? this s nai pucha fight :)
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