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
Jihadi MLAs of Mangalore are hell bent on supporting these muslim extremists. No action taken on people vandalising the property of innocents. What these fools are doing in the hospital?
Come on guys grow up, Let the people of city live with peace and love.
If some one is attacked, then don't take any revenge.
Let the police handle it. Why are you guys taking law on your side and breaking public properties.
why security now, whatever they wanted to they just did it.
Bajrangies dont have any work to do....why dont they take some brooms and clean the city so that they get good wishes from people as well God....by creating problems, they aren't gonna achieve anything in the world at all....
bajarangdal people are simply making nonsense and not letting us to leave peaceful life. please ban all the sangha parivars
kachadi saieeri
Until unless there is a strict law and no bail , this will not stop.
Please do not disturb peace lovers, punish whoever it is and do not give bail, no community supports this type of disturbances, please do not name any religion, just join to punish whoever the trouble makers.
And fight for the law and order to the long term imprisonment.
look at them they are sleeping simply in the hospital. simply making conspiracy.. all flowing because of congress support.
1week continues bundh needed :)
congress ruled mangalore, this s common to hear.
look at the property they damaged, they are shockingly watching.
shoot the bloody goons whoever damages public property.
some group of people want thr stick to handle, for that everyone should bare the loss of this bloody goons.
Faisalnagar, ullal ruled by PFI. beware
why simply damaging the public property, seriously what are they getting after doing like this.
this bajarangdal people will not allow normal people to leave happily everytime making noise in the society.
seriously how dare are they to damage public property
please not again.
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