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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Mabrook.... keep it up
kesarinalli kamala :) hahaha.. good I like it i like it , ofcourse great achievement ,but... 150/1 no is very bad ratio ... not even 1% from one particular community ... benefits togolodiikke more than 70% queue iratte and anti India force galalli 99.9% iratte participation .. rashtra seve ge just 1% .. bharata maata ya rakshane ge 1% and bharatha maate a bhakshane ge 99% hahaha ... taaye bharatambe neene dhanya ... bholo bharat mata ki jai ... vande mataram ...
Well done brother
Congratulations Hafiz.
Masha Allah...Great Achievement....keep it up...Congratulation
Congratulations. Keep it up.
CONGRATULATIONS
Masha Allah
Masha allah.... May Allah give him power to serve his responsibility in best way... Congratulations brother...
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