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
Well Done Dr. Zakir Naik. We had enough of this media misrepresenting the facts to please the people who are in power & spread the hate in common man, and help the fulfillment of the Hidden agenda of the corrupt politicians. Thanks for taking this great step. A peace loving man of any religion will support you...... Insha Allah Victory will be yours.
Please watch his team member junaid khan recent interview about his income and behavior with others
Even his conversion is well planned drama
This bussiness is much better than dargah bussiness
It is good that the media houses are being sued for defamation. Media should stop slandering and making false stories against people. Only when an FIR / case is registered, should they break the story.
This has been going on for such a long time and a stop has to be put. Arnab Goswami and his type have taken a beating out of this case. Even the government has lost a lot of credibility because of this case.
As per naik media aired his videos which are out of context to mislead the people!!!!!!
If so my question is then why zakir naik blind followers are urging other people to watch his videos in youtube if dey are out off context?...as per his followers if some1 converts to islam after watching his videos then its good for socity if he becomes terrorist den its out of context...hahaha
Shame on RSS agent Arnab Go cow swami,
you will not come up'' time will come your realy face will come out and public will spit your face,for money and power not lift up god know the reality and he is the planer.
Well done.. WE ARE WIth U Dr. Zakir Naik...
People are Fooled since decades with manipulating the facts and presenting to the public...
Presenting news with suits and ties and make up doesnt make anybody Good and Trust worthy... We should look at who is behind it... there are many corporations who play with the minds of people... who lobby all this evil propagands even the cheddis have fallen to this category.
We should teach this decievers a lesson...
But ALLAH has power over all things... Those who know ALLAH, will never be in FEAR of any situation.. May ALLAH make us one of them.. it is the greatest blessing from the CREATOR of all the Exists.
Insha Allah, you will suceed Zakir Saab, These dogs like Arnab gooo sami, Naren should be taught a lesson for ever...... WELL DONE. WE WISH GOOD LUCK....
Add new comment