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
Kirann....you mean to say whoever speaks against any religion to be beaten?
Does it apply to people like kalladka and a guy from pumpwell?
@ Kiran
Very Funny comment by brother Kiran....Brother As you said this cleric speaking against Hindus in the Masjid..Brother what about Prabhakar Bhat,Shakshi Maharaj,Thogadia,Muthaliq,Pumpwel,Sathyajeeth Surathkal,all are speaking Publicly against
what your saying by showing Elder women in photo # 5 ?
Karanataka government, now this is the right time for you to ban bajrangdal.....no one should be allowed to take law in their hands....if they got any issues with moulana, complain it to police...not unnecessary beating in the public...we are not living in jungle raj....
Kiran......that means we can beat anyone who speaks against any religion................we have a list of fanatics like Togadia...katiyar...kamalesh...etc
put them behind the bar for lifetime, goonda act should claim on them.
i dont think so that bajrangdal attacked, look at the property damaged,
very worst place in padil area, faizalnagara, veeranagar, nobody likes to purchase property there. worst people leaving there
Whatever these devils agent do .. They will never succeed.. The Zionist with the help of their masters doing hatred job since long time and they are not able to keep the muslims and Islam in the corner.. RSS & BD are jujubi who are following the zionist deceivers...
Muslims are not worried about this attacks. Fear yourself when Cheddis will kill you guys after all this just like Prashanth...
If U did not study ISLAM ... Dont take panga...its a Waste. and YOU are fools who bring their own destruction and becoming scape goat to the cheddi Gandhi killers...
BD members should help many Dalit research scholar instead of creating a menace in the society.
simply blame on bajrangdal, look at the property damaged by PFI people.
Is it not intolerance.
if not then what else is it.
Where is the media, which does not show it to whole India what has been happening, while blaming Aamir and Sharukh.
British rule was much better than the present name-sake independent India
Simply making non sense in the society.
resident of padil : i know this cleric always speaking against hindus in the masjid thats why he is beaten.
dont know why this people are fighting like this.
AB KI BAARRRR MADHI SARKAARR.....
Add new comment