Bengaluru, Mar 6: In the face of unprecedented economic difficulties, Chief Minister B S Yediyurappa has chosen to hike the prices of fuel and liquor to fund development in his 2020-21 Budget, which tries to offer something for everybody with the available resources.
Yediyurappa announced a 3% hike in the rate of tax on petrol and diesel. This will result in the prices of petrol going up by Rs 1.60 per litre and diesel by Rs 1.59 per litre. This is expected to fetch the government Rs 1,500 crore.
By hiking additional excise duty on Indian Made Liquor (IML) by 6%, the government hopes to mop up Rs 1,200 crore.
In essence, Yediyurappa, the finance minister, pointed fingers at the Centre for the state’s fiscal woes. He said Karnataka’s share in Central taxes has come down this fiscal by Rs 8,887 crore. Plus, Rs 3,000 crore GST compensation will also be reduced as collections from the GST cess are not on expected lines, he said in his Budget speech.
“It has become difficult to reach the 2019-20 Budget targets due to these reasons. To manage this situation within the bounds of the Karnataka Fiscal Responsibility Act, it has become inevitable this year to cut down the expenditure of many departments,” he said.
Under the 15th Finance Commission, Karnataka will see a reduction of Rs 11,215 crore in the state’s share of central taxes in 2020-21, Yediyurappa said. He also pointed out that expenditure on salaries, pensions and loan interest payments had risen by Rs 10,000 crore. “Serious difficulties are being faced in resource mobilisation efforts of the state. The state never faced economic difficulties of this magnitude in the previous years,” he said.
But in an attempt to please all, Yediyurappa made announcements across sectors and communities. Instead of the usual department-wise announcements, the CM chose to divide the Budget into six sectors: agriculture & allied activities; welfare & inclusive growth; stimulating economic growth; Bengaluru development; culture, heritage & natural resources and administrative reforms & public service delivery.
Farmers will get additional incentives under PM-KISAN costing Rs 2,600 crore and a waiver of interest on loans they have borrowed from cooperative banks worth Rs 466 crore.
The CM has earmarked Rs 500 crore to start work on the Kalasa-Banduri canals under the Mahadayi project. Also, Yediyurappa has given Rs 1,500 crore to commission the Yettinahole drinking water project.
This project will cater to the districts of Hassan, Chikkamagaluru, Tumakuru, Bengaluru Rural, Ramanagara, Chikkaballapur and Kolar.
For Bengaluru, the CM has made an allocation of Rs 8,772 crore. This includes Rs 500 crore for the suburban rail project, an electric bike taxi project and bus priority lanes.
Significantly, Yediyurappa has not made any allocation to mutts. However, the government will spend Rs 100 crore on the Anubhava Mantapa at Basavakalyan, Rs 66 crore for a 100 ft Kempegowda statue in Bengaluru and Rs 20 crore on a 325 ft statue of Basavanna at the Murugha Mutt in Chitradurga.
The CM has given Rs 305 crore for the development of various communities — Christians (Rs 200 crore), Upparas (Rs 10 crore), Vishwakarma (Rs 25 crore), Ambigara Chaudaiah (Rs 50 crore), Arya Vysya (Rs 10 crore) and Kumbara (Rs 10 crore).
Also, nearly 22.5 lakh government employees and their dependents will get cashless treatment facility for surgical treatment procedures at an estimated annual cost of Rs 50 crore under the Jyothi Sanjini scheme, the CM said.
Comments
BJP's cheap politics!!! They don't have any issue to raise against Mr. Siddaramaiyya government and to cover up Mr Yeddy verses Eeshwarsppa fighting,
Dear All, you wont become anti national if you speak in favor of Pakistan, nor if you speak against India in BJP ruled nation. It is only when you speak or share your views anything against our central government views, then you are labelled here as Anti National. That is what the Bjp or RSS wants Indians to be, literally these are SICK
IGNORE KARO !!!
Our Little dumb girl Geeta crossed Pakistan border and spend a good life for about 20 years in Eddi's ashram as he look after her as his own daughter. Still she was not converted to Islam ; finally Eddy bought her to India , when the government of BJP offered him 1 crores of rupees he politely refused the money. What a great man he is . . He is a Pakistani. We salute him. likewise there are crores of people in Pakistan are good and some people are their very bad (killing innocents in road, mosque, and schools).
So what Ramya said here???/ She said the people are good and Pakistan is not hell.
If Pakistan is a hell ,,, then how those people who were visited recently there not burned to death???? including Sushmaji, Modi and Rajnath????
Whatever Modiji did was good. He has followed Vajpayeeji.
In Pakistan there are terrorist groups which cannot be controlled by the Pak government; every time they kill hundreds of innocents .
No the most poisonous creatures of India like VHP , BJP etc. Sangha Pariwar's has no work to do simply they behind now Ramya.
BJP's achievement......
Modi's visit cunningly to Pakistan without invitiation....did anyone lodge sedition charge against him....this is called double speaking...
these ABVP and BJP kind of terrorist groups do not have any job to do...just want to create uneasiness and unpleasant condition around...
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