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
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Masha Allah..
MAA SHAA ALLAH
Masha Allah great initiative!
May Allah accept it from them and grant them ability to do more work.
Aameen
Masha Allah great initiative!
May Allah accept it from them and grant them ability to do more work. Aameen
MashaAllah may Allah reward you
Masha Allah.. May Allah reward u.. ameen
Alhamdulillah.
Hazrat Khadija Radiyallahu Anha, Wife of our Beloved Prophet Muhammad(SAW) left behind a legacy of supporting and empowering people through her charity work.
Insha'Allah our sisters of HiF will carry forward the legacy .
Alhamdulillah, Hazrat Khadija R.Anha wife of beloved Prophet Muhammad SAW left behind a legacy of supporting & empowering people through her charity works.
Insha'Allah our sisters of HIF will carry forward the Legacy.
And matters relating to Non-mahram will be helped by their husbands.
Masha allah good work sisters (HIF womens wing) may allah accept it from you.
Aameen
Masha allah sisters (HIF womens wing) may allah accept it from you, may allah make this wing strong and helpfull in the society may bless and protect our muslim ummah.
Aameen.
Masha allah sisters (HIF womens wing) may allah accept it from you, may allah bless the muslim ummah,
Aameen
Alhamdulillah. May Allah accept all our good deeds ......ameen
Masha allah May Allah accept it from you and us
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Masha Allah. Good work. Keep it up.
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